Trestle

IRVINE, Calif., October 30, 2017—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced it has successfully converted 46 data recipients of the Central Texas Multiple Listing Service (CTXMLS) to Trestle™.  CTXMLS is a regional service provider operated by five REALTOR® associations with approximately 3,600 members. Trestle by CoreLogic is a leading real estate data management and distribution platform that offers RESO Platinum-certified data access to real estate brokers and technology providers. “Customers are seeing the benefit of moving their data feeds to Trestle as they are able to offer RESO compliant feeds, managed with sophisticated digital license agreements and ecommerce,” said Kevin Greene, senior leader of Product Management for CoreLogic. “CTXMLS is among the first clients to migrate the majority of its data recipients to Trestle, and we’re extremely pleased with how smoothly the transition has gone.” According to Beth Gatlin, consulting director of CTXMLS, their technology vendors and other data recipients recognize the value Trestle delivers, such as improvements to listing delivery speed and data consistency. Many of their vendors were already using Trestle in other markets, making the CTXMLS integration a familiar and straightforward process. “Forcing change is never easy,” said Gatlin, “But we are already more than halfway through the conversion with 46 companies moved over. We hope to have everyone moved over in early 2018.” Gatlin also said Trestle’s contract and billing features are outstanding new tools that simplify the management of CTXMLS data licenses. Interested technology providers can visit http://trestle.corelogic.com to get technical information about integrating CTXMLS data and electronically submit their data license application, which will then be routed to CTXMLS staff for review. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions 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.    […]

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IRVINE, Calif., July 18, 2017—CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, announced today that clients of Trestle can now obtain Platinum-level data dictionary certification from the Real Estate Standards Organization (RESO). Trestle™ is the national data marketplace created by CoreLogic to address fundamental data access problems experienced by real estate brokers, technology providers, and multiple listing organizations. RESO promotes data standards and processes that facilitate software innovation, ensure portability, eliminate redundancy and achieve greater efficiency for all real estate transaction parties. “CoreLogic is a strong supporter of real estate standards and has marched steadily toward the highest level of RESO certification for our clients,” said Chris Bennett, executive leader of Real Estate Solutions for CoreLogic. CoreLogic elevated its RESO data dictionary certification from Silver to Gold in April and now has become the largest provider of Platinum-certified listing data in America, as well as the first major multiple listing platform vendor to extend Platinum certification to all clients. “Platinum certification was an important short-term goal for Trestle,” said Bennett. “With that in our pocket, we can now focus on expanding beyond our current 112 clients and achieving complete coverage across America. With Trestle providing a single source of highest quality listing data that spans the nation, there is simply no reason for technology developers to maintain hundreds of individual data feeds to power their agent and broker applications.” Trestle does more than simplify listing data distribution. The solution automates the process of requesting and obtaining data licenses from participating multiple listing organizations. A planned enhancement will provide access to leading CoreLogic parcel record data and automated valuation tools. For more information, visit trestle.corelogic.com. About CoreLogic CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions 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 […]

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MLS data services for brokers, agents, and their technology providers are changing at a very rapid pace. The RETS Standards that are used by an estimated 97% of IDX and VOW solutions are converting to the RESO Web API. Being informed about this conversion is vital to the effective management of data feeds. WAV Group Partner, Victor Lund is joined by CEO of the Real Estate Standards Organization, Jeremy Crawford as he discussed the challenges and opportunities he’s hearing first-hand from brokers and technology vendors as they move toward receiving standard feeds. Did you know that RESO certification must be obtained with each new standard version released? Did you know that certification is free to RESO members? Did you know that technology providers can be certified? Did you know that RESO will evaluate your listing input form to roadmap how you can adopt the Data Dictionary on listing input? Kevin Greene of CoreLogic also joined us live to discuss Trestle™.  Trestle is the solution that CoreLogic is delivering to all of their clients to insure compliance with the RESO certification standards that are mandated for all MLSs chartered by the National Association of REALTORS®. The solution has been delivered to more than 112 MLSs, providing a seamless solution for technology providers to access more than half of the listings in the United States. The solution includes automation for processing the three way agreement and an ecommerce solution for MLSs to collect fees. The webinar was rounded off with an in-depth Q&A Session that discussed a range of topics from technical questions about JSON to practical questions about fees. Did you know that CoreLogic is offering Trestle to MLSs who are not on their Matrix platform? Yes, Rapattoni, FlexMLS, Paragon, and many other systems can join the Trestle initiative. Do you know what it means to go Data Dictionary Native in your MLS system? If you could not attend don’t worry, follow the link below to view the full webinar free of charge.             If you have any questions regarding the webinar please don’t hesitate to contact camilla@wavgroup.com

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Data Will Now Cross The Trestle

by Victor Lund on May 10, 2017

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Trestle by CoreLogic has been a sprint for the nation’s largest technology provider. On the heals of migrating more than 50 MLSs over to Matrix over the past 30 months, they had the added challenge of getting all of their MLS clients to be RESO certified (RESO = Real Estate Standards Organization). CoreLogic got them there, but at the Silver level of certification (Booooooo!). In a press release today, RESO has upgraded their certification on Trestle to Gold (Yeaaaaaa!) Why Trestle? Every MLS system vendor offers a server for publishing IDX and VOW data to enable brokers to hydrate their applications with MLS data. 100% of MLSs have these servers in place today and that is how vendors access MLS data. Application vendors who only serve customers in a single market tie to a single MLS live a peaceful life. However, when a broker or a vendor is connecting to more than one market, things get more complicated. Data Structure is different; field names are different; business rules for listing display are different; and so on. To compensate for the differences, major data aggregators like Wolfnet, Homes.com, and Xome have developed processes for pulling data from all 700 or so MLSs, normalizing it to a single standard, and supplying it to their broker and agent clients. These companies are the big guys with over 90% of MLS coverage. All other vendors do smaller groups of MLSs that varies from 2 to more than a few hundred. Guess what. Pulling data from over 700 servers with more than 2 million listing updates is not the only hard part in this system. The other hard part is the IDX agreements. The big companies like Wolfnet, Homes.com, and Xome have automated their IDX application process whereby the vendor, the broker, and the agent need to complete and sign a form. Xome’s RE Data Vault™ solution is also available to MLSs who are challenged with the document management headaches of managing all of the agreements. Imagine the paperwork of a large MLS with 30,000 subscribers, 500 vendors, and each subscriber having 3 data driven software applications. Yup – over 100,000 documents that need to be managed and signed. Trestle Does a Lot of Things to Fix All of This Vendors have a single place to access data from over 60 MLSs. Over 40 more have signed agreements eclipsing the market coverage area beyond 100. […]

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It is RESO week. The week when CIO and CTO types gather together in Austin, TX for the Annual Real Estate Standards Organization meeting. This year’s conference was sold out for the first time with a rumored count of more than 700 participants. Kevin Hawkins of WAV Group Communications says that the environment and buzz at the conference is amazing. You can follow Kevin’s RESO updates on Twitter @RESO_RETS  or follow the RESO hashtag at #reso15 to listen to the conference chatter. One of the astonishing calls that I got today was from an MLS asking me if CoreLogic was providing their new RESO compliant/certified Trestle solution to non-corelogic MLSs for free. The Answer is YES! We verified that Black Knight Paragon customer Coastal Carolina MLS is going through the certification process on the Trestle RETS platform from Corelogic. WAV Group’s understanding is that Black Knight and other MLS system vendors may be charging a reasonable one time fee for their customers to update their RETS servers and go through the certification process. We did not check with every MLS vendor to find out the policy. We have learned over time that these types of fees are often calculated on a market by market basis anyway. CoreLogic is not charging any fees for compliance at this time. Brokers and technology vendors who rely on RETS have long been frustrated by the lack of a single standard and a RESTful API for too long. The National Association of REALTORS MLS policy committee made the RESO standard a requirement for NAR-affiliated MLSs over 16 months ago. The deadline for meeting that requirement is December 31st of this year. The requirement to provide the RESTful API is July. This is a huge endeavor for every one of the 770 MLS in America today. RESO has not announced how many are certified. WAV Group has watched for the announcements and it seems like about 50 to 100 have gone through the process. There are only 60 days left for MLSs to get certified! In truth, every vendor of MLS services is involved in RESO and it is not unreasonable for a vendor to charge a fee for the service. It is a major undertaking. The biggest challenge is that the MLS must fill out the paperwork and pay the RESO application fee before the vendor can do anything to update the system in time for the […]

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MLSs and their vendors are staring down the barrel of the NAR requirement to become compliant with the RESO RETS Standard. Only 4 MLSs are currently certified, 764 to go. It’s really a double barrel, as MLSs are also adjusting to Listhub’s loss of syndication service to some leading portals. MLS vendors like Corelogic, FlexMLS, Rapattoni, Black Knight Financial, and the others are head-down developing solutions and launch plans to help their clients meet the December 31st, 2015 deadline – looming a short 6 months away. The deadline has created an eerie silence that makes me wonder how many MLSs will miss the date. The bigger question is what the NAR will do about it. According to CoreLogic customers, their vendor is launching a product called Trestle to serve the needs for RETS 1.3 compliance – but also extend the functionality of their RETS server by incorporating a dashboard empowering each MLS with an easy, self-managed distribution alternative to Listhub (from MOVE) or reDataVault (from RED) or Direct Syndication Platform (from Bridge Interactive). Best part – CoreLogic clients indicate that there will be no charges to the MLS for core services that replicate existing RETS. Part two of the RESO RETS Certification process is the delivery of a WEB API by the middle of 2016. Again, Trestle will deliver that requirement too. The announcement of this launch is timely. It looks to me like CoreLogic also plans to make a single API available to vendors for all MLSs that have valid MLS data licenses in place. That will solve many problems for application vendors like IDX service providers who would otherwise need to interface with multiple web APIs. In addition to the MLS data, for an additional fee CoreLogic plans to provide consolidated access to data sets normally found in REALIST including public records, property data, geographic overlays, AVMs, etc. CoreLogic’s strategy looks well thought out. It seems to encompass many strategies that other MLS vendors plan to deliver. It feels a little bit like a mash up of the best processes. I know that their customers are breathing a sigh of relief. Brokers, vendors, and MLSs should reach out to CoreLogic and other vendors to understand their plans. The landscape of data distribution in our industry is about to shift in a significant way.

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