Data aggregator CoreLogic is marketing a simplified version of its parcel-based property and mortgage database, RealQuest, to consumers through Yahoo Real Estate.
Consumers shopping for foreclosure and preforeclosure homes on Yahoo Real Estate will see a qualitative grade, or CoreScore, for each property based on factors such as crime rates, school systems and surrounding real estate activity.
Users who sign up to pay a monthly subscription fee after a free seven-day trial can also order RealQuest Express CoreScore reports that provide the property owner’s name, street address, lien information and nearby comparable properties, or "comps."
CoreLogic says the RealQuest platform provides access to information on 145 million residential properties in 3,141 counties, representing 97 percent coverage. The company says it collects property data from tax assessors and county recorders, along with "other information from proprietary sources" such as site inspections and statistics on demographics and crime.
CoreLogic is currently competing with a subsidiary of the National Association of Realtors that’s also building a parcel-based database, Realtors Property Resource LLC, to obtain sold and historic listings data from multiple listing services. In mid-June, CoreLogic said it was in licensing discussions with 50 MLSs.
RPR says only Realtors will be allowed to access its database, although it will sell analytics products such as enhanced automated property valuations to third parties such as lenders and government agencies. RPR has already entered into one-year agreements to obtain listings data from Realtor associations and others representing more than 210,000 Realtors.
For $49 a month, CoreLogic will provide consumers and other "silver" plan RealQuest Express subscribers with access to data on more than 1 million foreclosure properties, including preforeclosures, homes scheduled for auction, and bank-owned (REO) properties.
Silver plan subscribers are entitled to one free CoreScore property report a month, and pay $15 for each additional report. Contact information for homeowner, listing agent, lender and trustee is provided, along with comp listings for similar properties. If an auction is scheduled, reports include the auction time, place and starting bid.
For $79 a month, "gold" level subscribers are promised access to the same information for all properties in the RealQuest database — "almost every home in America." Two free CoreScore property reports are provided per month, with additional reports available for $15 each.
Platinum-level subscribers pay $149 a month for "appraisal quality" data with "robust comp filtering" allowing users to choose comps by time, distance and property characteristics. Three free CoreScore property reports are provided per month, with additional reports available for $15 each.
"Partnering with Yahoo brings our targeted, property-level real estate data to consumers on a widespread basis,” said George Livermore, CoreLogic’s group executive for data and analytics, in a press release. Livermore said the deal "is indicative of the kind of strategic partnerships we’ll look to forge to bring our data to more consumers."
CoreLogic calls RealQuest Professional, targeted at real estate brokers and agents, appraisers, lenders and title companies, its "flagship product."
In addition to a "97 percent match with assessor parcel number," the application provides transaction history with links to document images, mortgage analytics, access to aerial maps with overlays, flood maps, property profiles, digital street maps, automated valuation models, and neighborhood information.
CoreLogic also offers RealQuest Mobile Home Value Pro for accessing market statistics, housing trends, home-value estimates, charts, maps and other information using the iPhone and iPod touch.
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