Midwest Real Estate Data (MRED) and CoreLogic announced on June 16 that the two companies entered into an exclusive agreement to participate in CoreLogic’s Partner InfoNet analytics program. MRED, a regional MLS representing 13 Realtor associations and nearly 40,000 subscribers, will provide listings data for Partner InfoNet.
This program allows multiple listing companies to share their data with CoreLogic for use in risk management products for mortgage lenders, servicers and the capital markets.
“MRED is always looking for ways to offset our costs so that we place as little burden on our customers as possible, while continuing to provide the best possible products and service,” said MRED’s Chief Executive Officer, Russ Bergeron, in a statement. “The revenue potential of Partner InfoNet represents another way for us to bring value to our membership. This agreement also gives our members access to class-leading tools like RealAVM, a valuation model that estimates the property values lenders are likely to see when evaluating loan applications, and the Listing and Marketing Activity Report, which combines MLS and public record data with market analytics to create a 360-degree view of a property and its local conditions.”
“Our exclusive agreement with MRED, the country’s largest MLS, is a very strong endorsement of Partner InfoNet and the value to MLS organizations,” said Ben Graboske, Chief Executive Officer of CoreLogic MarketLinx, in a press release.
MRED is a real estate data aggregator and distributor that provides the largest multiple listing services with information pertaining to properties in Illinois, southern Wisconsin, and northwestern Indiana.
CoreLogic is a business partner that provides high-value information, analytics, and business services that allow for insights into complex business problems.