MarketLinx Signs Multiyear Agreement with North Texas Real Estate Information Systems
—NTREIS Renews TEMPO, Adds InnoVia and MLS Data Checker—
May 19, 2009, SANTA ANA, Calif.
MarketLinx, Inc., a leading provider of information technology to the residential real estate industry and a member of The First American Corporation (NYSE: FAF) family of companies, today announced it has signed a multiyear agreement with North Texas Real Estate Information Systems, Inc. (NTREIS) to provide multiple listing service (MLS) products and services to the organization’s 24,000 REALTOR® members.
In addition to renewing its primary TEMPO MLS contract, NTREIS selected MarketLinx’s InnoVia system to provide a second way to access the MLS. The InnoVia MLS system is widely recognized for its ease of use, wireless and offline accessibility and compatibility with a wide range of Web browsers on the Windows® and Macintosh® operating systems.
“NTREIS performed a thorough search for a new parallel browser system,” said John Holley, chief executive officer of NTREIS. “After all was said and done, the evaluators unanimously selected InnoVia—in conjunction with our existing TEMPO MLS system—as the best solution to take us into the future.”
NTREIS also selected MarketLinx’s MLS Data Checker product to provide data quality and rules enforcement services. The program automatically detects MLS rule violations and validates the accuracy of MLS listings by comparing them to public tax records. Working closely with membership management systems, MLS Data Checker helps generate additional revenue by fining listing brokers that fail to make the required corrections.
“MarketLinx has provided NTREIS with excellent service throughout our six-year partnership,” said Holley. “MarketLinx has also helped NTREIS reduce its technology costs in the face of tough market conditions. Their support has not gone unnoticed. We are very pleased to expand our relationship with MarketLinx and regard them as the best technology partner to fulfill our needs now and in the future.”
“We’re privileged to have this opportunity to continue serving North Texas,” said Bryan Foreman, president of MarketLinx MLS Solutions. “Our product vision and dedication to customer service have made us the leading MLS provider in both the state of Texas and across North America. We are working hard every day to build upon that success by pushing forward with new technologies that make the process of buying and selling real estate faster, easier and less expensive.”
MarketLinx’s full suite of real estate information technology products will be on display at the 2009 REALTORS® Midyear Trade Expo in Washington, D.C., May 13-15. Visit booth #316 for a demonstration or go to www.marketlinx.com for more information.
MarketLinx, Inc., a subsidiary of The First American Corporation (NYSE: FAF), offers a full range of products and support services to address the information technology needs of the real estate brokerage and multiple listing service (MLS) market segments. The company’s full array of capabilities streamlines the real estate listing, financing and closing processes, resulting in increased efficiency and profitability. MarketLinx provides North America’s leading MLS and real estate software systems, including solutions for broker business management, agent productivity, front and back-office management, and MLS data aggregation and distribution. For more information, visit www.marketlinx.com.
About First American
The First American Corporation (NYSE: FAF) is a FORTUNE 500® company that traces its history to 1889. With revenues of approximately $6.2 billion in 2008, it is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions. More information about the company and an archive of its press releases can be found at www.firstam.com.
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