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Fidelity Offers Neighborhood and Public Record Data Via reInsight Tax Solution

""Fidelity National Real Estate Solutions"":http://www.fnres.com (FNRES), a division of ""Fidelity National Financial Inc."":http://www.fnf.com, announced today that it is now offering its MLS customers reInsight Tax, a new solution that generates more comprehensive neighborhood and public record data, the company said in a press statement.
To give Realtors more insight into the market and transaction process, Fidelity's reInsight Tax is an online public record system that allows real estate professionals to access and mine multiple sets of data. By obtaining more information faster, agents have an edge in providing clients with greater insight into market conditions that affect the sale or purchase of a property, Fidelity explained.
""This marks a new era for the MLS industry,"" said Beverly M. Faull, SVP and general manager for Fidelity National MLS Systems & Solutions. ""Because reInsight products can gather and analyze data more quickly and accurately than ever before, our customers now have a greater advantage in understanding the market and meeting needs and concerns of the consumer.""
The product is part of the reInsight suite, which also includes reInsight Data, a new data sharing solution, and reInsight Mobile, a tool to enhance Internet searching with the latest generation of hand-held devices. The products have been developed by Fidelity National MLS Systems & Solutions, an advocate of open architecture solutions for the real estate industry.
Created exclusively for the MLS market, reInsight Tax is powered by content from ""Cyberhomes"":http://www.cyberhomes.com/, a cross-platform data generation interface, which sources information from more than 160 million U.S. ownership, sales, mortgage, and other property records using Lender Processing Services' (LPS') Applied Analytics.
""One of the challenges for today’s agent, at a time when consumers can get so much information from public Web sites without an agent, is to be able to sort through all that information and interpret what it means,"" said Rich Lull, VP of Corporate Development at FNRES. ""It’s the ‘insight’ into the data, not just the data, that keeps the real estate professional essential.
""In addition to the standard use of public record data, reInsight Tax enables agents to provide consumers with key market statistics, like buy-sell indicators, average appreciation within an area, and so on, helping them to understand and get value out of this information,"" Lull concluded.
Although reInsight Tax will be formally unveiled at the 2008 Realtors Conference and Expo this weekend, the rollout to selected customers has already begun. The first to integrate the product was ""South Broward Board of Realtors"":http://www.southbrowardrealtors.com/ (SBBOR) in Fort Lauderdale, Florida.
""We are very excited about the launch of reInsight,"" said SBBOR EVP William Valdez. ""The new software application makes access to the data so much easier and faster, which helps our members to better serve their clients.""
FNRES also offers neighborhood data, along with local school reports, through its Broker Agent Products division, opening up the service to a larger, third-party audience. Jeff Jennings is director of Product Management at the nation's largest MLS, ""Metropolitan Regional Information Systems"":http://www.mris.com/ (MRIS) in Rockville, Maryland, a company that has subscribed to Fidelity's neighborhood and school feed service for several years and just recently renewed its license for the application. According to Jennings, ""This is becoming the hot add-on for Web searches. If the old catch-phrase was ‘location, location, location,’ I would say at least one ‘location’ has been replaced with ‘education.’ Schools are now a huge indicator of neighborhood quality, and we rely on the FNRES feed to have current accounting of that characteristic.""

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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