CoreLogic, a provider of information, analytics and business services, has announced that it will provide foreclosure data and property information to the Yahoo! Real Estate foreclosure service. Yahoo! Real Estate, one of the leading real estate listings Web sites, provides users with nationwide distressed property listings including foreclosure and pre–foreclosure properties. The site also provides users with data trends and tips for acquiring distressed property as a primary residence or investment opportunity. Through this alliance, Yahoo! users will enjoy the industry-leading data resources of the CoreLogic RealQuest platform.
The CoreLogic platform uses data covering 97 percent of U.S. residential properties (145 million) in 3,141 counties and 99.7 percent of the U.S. population to ensure that listings are comprehensive and timely.
CoreLogic became a publicly traded company on June 2, 2010 trading under the ticker CLGX on the NYSE. The company, which provides real estate data to business, government and the media, plans to expand its data offerings to consumers through key partners such as Yahoo! The partnership enhances Yahoo! Real Estate's foreclosure offerings by providing access to listings of properties at various stages of foreclosure or real estate-owned (REO).
The deal will also introduce a new feature called CoreScore that allows consumers to evaluate the value of a specific property. CoreScore reports will provide Yahoo! users with a qualitative "grade" on a foreclosure property based on multiple factors that affect the home's value such as crime rates, school systems and surrounding real estate activity.
CoreLogic has built a comprehensive U.S. real estate, mortgage application and loan performance databases and supplies its property-level data to business and government customers. The CoreLogic RealQuest site, and now the Yahoo! portal, allows individual consumers to access this valuable data for personal and single-property use.
"Partnering with Yahoo! brings our targeted, property-level real estate data to consumers on a widespread basis," said George Livermore, group executive for data and analytics, CoreLogic. "As a new company, our announcement with Yahoo! is indicative of the kind of strategic partnerships we'll look to forge to bring our data to more consumers. Yahoo! Real Estate is a tremendous resource for people who want to investigate and pursue real estate opportunities whether to live in or as investments, and we're glad to be part of that resource and enhance the experience for Yahoo! users."
For more information, visit realestate.yahoo.com or www.corelogic.com.