Where Real Estate Gets Its Dirt

CoreLogic extends Matrix deal and does rev share with CRMLS

Big announcement, when you think about it. CRMLS is the largest in the country in both membership size and the population is covers. Congrats!

Full Press Release Below:

California Regional MLS Joins Partner InfoNet by CoreLogic
Nation’s Largest MLS Also Extends Matrix System Agreement
May 10, 2012, Santa Ana, Calif. –

CoreLogic® (NYSE: CLGX), a leading 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.”
“This new agreement with CRMLS is a powerful endorsement of both Partner InfoNet and our Matrix MLS platform,” said Ben Graboske, senior vice president of Real Estate and Financial Services for CoreLogic. “We are honored to serve the nation’s largest MLS in these critical capacities and are working hard every day to provide the highest level of service and security in the industry.”

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has approximately 5,000 employees globally. For more information, visit www.corelogic.com.

California Regional MLS is the nation’s largest Multiple Listing Service, providing products and services to over 70,000 subscribers from 33 REALTOR® Associations. California Regional MLS, located at 180 Via Verde, Suite 200 in San Dimas, California, provides access to listing data throughout the State of California. California Regional MLS has been a regional MLS for over 30 years and is dedicated to making a REAL Difference in the day-to-day business of Real Estate Professionals. For more information on California Regional MLS, contact communications@crmls.org.
CORELOGIC and the stylized CoreLogic logo is a registered trademark owned by CoreLogic, Inc. and/or its subsidiaries. MATRIX is a common law trademark of CoreLogic, Inc. and/or its subsidiaries. CRMLS and the stylized CRMLS logo is a trademark of the California Regional Multiple Listing Service, Inc. No trademarks shall be used without the express written consent of their respective owners.

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