RE/MAX International Partners with CoreLogic for HomeStandings
By Victor Lund
Posted by: RE Technology
Every real estate professional has had the experience of working tireless hours and days with a client to list a home. At the end of the long journey, the home is listed without ever checking if a bank would ever finance it. Countless willing buyers may place offers, but the banks will not buy the loan.
I do not know how prevalent this is in real estate today, but the challenge caught the eye of RE/MAX International. To provide a solution to RE/MAX agents, they installed a utility into RE/MAX Mainstreet – their version of their franchise Intranet. The Utility was built by a leading data analytics company called CoreLogic.
CoreLogic is a data company. They are best known for the Realist Tax and variety of MLS solutions that they provide nationwide. CoreLogic is a $1B corporation that services many corners of the financial services industry – including banks and GSEs.
CoreLogic calls this product HomeStandings. By entering a property address, you can learn a lot. What CoreLogic provides is a measurement tool to the purchase quality of a home.
Here is how CoreLogic Describes it:
HomeStandings combines property, neighborhood and market characteristics to provide a complete local understanding of a home’s value, marketability and rent potential and is available for virtually every property in the United States. Additional data taken into consideration include area pricing, surrounding market conditions, crime rates, schools, estimated market rent and investment opportunities.