Property research and technology provider CoreLogic has unveiled its latest product Trestle, a software solution suite which will streamline and consolidate data for brokers, their vendors and multiple listing services (MLS).
The US division of the company says Trestle will be the real estate industry’s first “data mart”. It will offer both MLS content and CoreLogic property and analytic information to support the industry’s expanding needs.
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.
Beyond basic listing information, the system will also provide access to public records and analytics, bringing "unprecedented power" to (MLS) websites, mobile solutions and in-house systems.
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.
He says the company therefore has 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.
"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."
My Florida Regional MLS CEO Merri Jo Cowen adds the brokers in her market have definitive pain points that Trestle relieves, while Metropolitan Regional Information Systems President and CEO David Charron says his organisation requires the ease of compliance inherent in the product.
“Compliance is one of the most important business issue any MLS faces," Charron explains.
"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 by CoreLogic currently is scheduled to be released in the 3rd quarter of this year.