Understanding The News: Avoid Risk, Know The Subject Property Better

*Avoid Risk, Know The Property Better*
**Partnership Makes Property Visibility Easier**

***One leg of making a good decision about a loan is knowing everything there is to know about the property. So, how do you do that? It just got easier. CoreLogic, a provider of information, analytics and business services, and California Regional MLS (CRMLS), the nation’s largest multiple listing service (MLS) provider, today announced that CRMLS has joined Partner InfoNet by CoreLogic. The companies also announced that CRMLS has agreed to a multi-year extension of its Matrix MLS system contract.

****Launched in June 2010, Partner InfoNet is an innovative revenue-sharing program in which MLSs license their listing data to CoreLogic for use in risk management products for mortgage lenders, servicers, and capital markets (but not consumer outlets). With the addition of CRMLS, Partner InfoNet now encompasses nearly 1.1 million active listings and more than 450,000 real estate professionals from 78 MLSs.

****Matrix is an enterprise-class MLS system that provides real estate brokers and agents with a flexible, high-performance platform for managing real estate listings. 16 MLSs serving more than 163,000 real estate professionals currently use Matrix, and six more installations are scheduled for this year. In total, CoreLogic serves approximately 550,000 real estate professionals with its MLS systems—more than half the North American market.

****“Through our local member associations, we strive to provide the most dependable, convenient and affordable listing technology services available,” said Art Carter, CEO of CRMLS. “Matrix has proven to be an extremely fast and reliable MLS system that meets the needs of our progressive subscribers by supporting virtually all computing platforms and devices. Partner InfoNet supports our goal of keeping costs down for our members by simply and securely leveraging the value of our listing data.”