CoreLogic unveils Trestle: Industry’s first “Data Mart” for MLS content

by Kevin Hawkins on May 5, 2016

CoreLogic has unveiled Trestle. Here are the details on the real estate industry’s first “Data Mart” for MLS content, not to mention ongoing RESO compliance – huge news:

Chris Bennett

IRVINE, Calif. —CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, announced today the upcoming release of Trestle™ by CoreLogic, a software solution suite that will fundamentally change the offering of multiple listing service (MLS) data to brokers and their vendors. Trestle will be the real estate industry’s first “data mart” to benefit brokers, their technology partners, and the MLSs in which they participate.

Chris Bennett, general manager of real estate solutions at CoreLogic, commented that “The industry’s progress with RESO standardization was the perfect invitation to re-imagine the best possible solution, one that delivers both MLS content and CoreLogic property and analytic information content to support the industry’s expanding needs.”

Bennett also noted that “Because CoreLogic already aggregates and normalizes data for more than 300 MLS platforms, we have the scale and capacity to rapidly deploy Trestle, whether an MLS is on a CoreLogic platform or uses another vendor’s system or is even a homegrown solution.”

Bob Hale

By implementing Trestle, brokers, and the technology providers supporting them, will be able to develop solutions combining MLS content with gold-standard data from CoreLogic, bringing unprecedented power to their websites, mobile solutions and in-house systems. For each MLS, Trestle will provide administrative controls to assure its listings appear only where authorized. Trestle will also maintain RESO standards with respect to the data dictionary and API access, removing a future concern and cost for MLS participants.

“Trestle will streamline the way that brokers can access real estate information” observed Bob Hale, President and CEO of the Houston Association of Realtors (HAR). He continued: “Brokers and their franchisees that span multiple markets will be especially excited about Trestle’s ability to provide unified and standardized data sets. Beyond basic listing information, the system will also provide access to public records and analytics. This is an efficient solution provided by one of our most trusted and reliable service providers”.

Merri Jo Cowen

Merri Jo Cowen, CEO of My Florida Regional MLS (MFRMLS) agreed. “The brokers in my market have definitive pain points that Trestle relieves. As in the past, CoreLogic is a trusted solutions provider whose approach aligns with those of MFRMLS and its participants. We intend to take part in Trestle for the benefit of our own participants—and in their interest we hope neighboring MLSs in our region do as well.”

David Charron, President and CEO of Metropolitan Regional Information Systems, Inc. (MRIS) added, David Charron“Compliance is one of the most important business issue any MLS faces. We are considering aligning with Trestle not only because it delivers RESO-compliant content, but because it also will empower MLSs to swiftly deliver cross-market listings and other enhanced content to their members as we all push to alter and dramatically improve the real estate transaction process”.

Trestle features a dashboard that joins brokers, technology partners and MLSs under one umbrella. Through the Trestle dashboard:

    • Any MLS, broker, or technology provider can subscribe instantly
    • An MLS can:
      • establish and configure supported data feeds
      • manage contracts and authorize data distribution to brokers and technology providers
      • manage fees and payments
      • track usage and control misuse
    • A broker can:
      • obtain MLS content in data feeds unifying numerous MLSs
      • syndicate its own listing data
      • subscribe to use MLS or CoreLogic data in its own systems
    • A technology provider can:
      • obtain MLS content in data feeds unifying numerous MLSs
      • subscribe to use MLS or CoreLogic data to develop and deliver new applications
      • promote its brand and products to leading brokers and MLSs across North America

“There is a misconception that Trestle is focused on RESO compliance,” Bennett added. “Yes, that’s important. But offering a data mart with a full menu of data distribution and account management tools breaks new ground. Trestle will help local real estate brokers give their agents and clients a richer experience than they can get from a national portal,” he said.

Trestle by CoreLogic currently is scheduled to be released in the 3rd quarter of this year.

For more information on Trestle, visit www.corelogic.com/trestle. CoreLogic will also be attending the 2016 REALTORS® Legislative Meetings & Trade Expo (Booth #615), May 11 – 12 in Washington, DC.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

 

Leave a Comment

Previous post:

Next post: