Surely every northeast Illinois real estate professional has heard of Lisle-based Midwest Real Estate Data LLC (MRED), and they may have even benefited from MRED’s statistics, multiple listing service and other offerings. But now, MRED isn’t just for Realtors – it’s for homebuyers and sellers, too.
The company has become a leader in providing real estate consumers with “public service apps,” a term coined by MRED CEO Russ Bergeron, which are tools given to real estate professionals that directly benefit their clients.
One of MRED’s public service apps is the Fannie Mae Short Sale Assistance Desk (SSAD), which aims to speed up the often-lengthy short sale process. Through the service, MRED agents can get assistance directly from Fannie Mae, who mediates to resolve difficult transactions with lenders. Once the short sale goes through, it is ultimately the client who benefits from the service.
Another example is MRED’s Down Payment Resource (DPR), launched just over a month ago, which links potential buyers to homes that may qualify for down payment assistance programs. The web-based tool facilitates buying and selling in direct, concrete ways.
“Though we provide products and services directly to real estate professionals, we are well aware of the impact that real estate has on the nation’s economy, as well as the importance of home ownership to the American dream,” said Bergeron in a press release. “We are very aware of our public face, and our goal is to bring a smile to the faces of not only our customers, but to the consumer as well.”