Midwest Real Estate Data and CoreLogic® Announce Exclusive Data Licensing Agreement

June 16, 2011 - PRLog -- Midwest Real Estate Data LLC (MRED) (www.mredllc.com) and CoreLogic® (CoreLogic) (www.corelogic.com) announced today that MRED has entered into an exclusive agreement with CoreLogic® to participate in Partner InfoNet, an innovative revenue sharing program in which multiple listing services license their listing data to 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.  “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.  We are always on the lookout for new tools that will help our members succeed in this challenging market.”

“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.

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MRED is the real estate data aggregator and distributor that provides the largest multiple listing service (by listing volume) to nearly 40,000 customers, with property information encompassing northern Illinois, southern Wisconsin and northwest Indiana