1. Data Co-op
1.1. Data Co-op FAQ
Question:

What is Data Co-Op?



Answer:
  • Data Co-Op (DC) is a central database that provides access to listings from all of the participants that have decided to sign an exclusive agreement with Corelogic’s InfoNet
  • Foreclosure and tax data is also provided, nationwide, through the Data Co-Op
  • Each MLS has the ability to choose whether they want to share their MLS data with other participating MLSs
  • Each MLS may also choose whether they want their members to be able to see those shared listings
Question:

What is the member benefit of the Data Co-Op?



Answer:
  • Access to additional reports that were previously not available through MLXchange
  • RealAVM (Automated Valuation Model)
  • Listing and Market Activity Report
  • Census Demographic Charts
  • Consolidated Property Report
  • Access to foreclosure data, nationwide – including what phase the property is in (Default, Auction, REO)
  • A new way to access MLS listing data
  • Ability to search for listings within proximity to “Points of Interest” and major employers like Universities, Hospitals, Schools, etc.

Question:

Why did MFR select Partner InfoNet instead of RPR



Answer:
  • This was a individual board decision, not MFR’s
  • All MFR associations/boards except RALSC have decided to go exclusive with Partner InfoNet
  • RALSC therefore will not have access to the Data Co-Op.Members whom primary Office is RALSC is the key indicator of whether or not the member will have access to the Data Co-op
Question: What is Partner InfoNet?


Answer:
  • Partner InfoNet is the Corelogic equivalent to RPR.They obtain data from various associations/MLS’s across the country for use in the same types of stat reports, AVM’s, etc.
Question: What is RPR?


Answer:
  • Realtor Property Resource (RPR) is a NAR product. RPR is a national database of assessor, recorder, and mortgage data, MLS content, foreclosure information, demographics, neighborhood data, and more.Various MLS’s from across the country have joined RPR and are sending their MLS data for use in reports and other products that NAR provides to REALTORS and may sell to financial institutions.
Question:

What’s the most important strategy to remember when searching in Data Co-op?



Answer:
  • The Data Co-op remembers your last search when you logon, regardless of the computer you use. This includes the last map location displayed before logging out.
Question: Why is there criteria already selected when I log in?


Answer:
  • The Data Co-op remembers your last search when you logon, regardless of the computer you use. This includes the last map location displayed before logging out.
Question: I don’t see fields that I normally search for.


Answer:
  • All Data Co-op users around the country utilize the same set of criteria. Your area’s specific listing format has been integrated into this standardized format. The Data Co-op consolidates numerous fields that contain external features into a common field call Exterior Features. Certain search fields in Data Co-op actually search a number of fields, for example the Remarks freeform keyword search field searches the Public remarks and the Agent Remarks fields at the same time. The same rule applies to the Features search criteria.
Question: I don’t recognize the areas listed in the region criteria list.


Answer:
  • When searching Region and County you will find that the list changes dynamically depending on your map view. The Pick list will automatically display the regions and counties that are currently being viewed on the map.
Question: What’s the second most important strategy to remember when searching in Data Co-op?


Answer:
  • Remember to click the “Update Results” button after changes have been made to your criteria.
Question:

After moving Gadgets around on the screen will Data Co-op remember my view the next time   I login?



Answer:
  • Rearranged Gadgets remain in their new position across sessions and computers until moved again by you.
Question: I have noticed that some listings are branded with a logo labeled “New”. What are the requirements for new?


Answer:
  • The “New” branding represents those listings that were added to the native MLS system within the last 30 days.
Question: The “Favorites” tab list ”Recently Viewed” listings. How does Data Co-op populate this list?


Answer:
  • Recently viewed listings are created automatically when you select the detail view for a particular property.
Question:

I receive 0 or no listings found every time I attempt to search.



Answer:
  • Remember to click “Clear Search” and enter your criteria again. In many instances a user will attempt a search with criteria, leftover from a previous search still entered (but not visible).
Question:

Why don’t I have access to see listings outside of our MLS?



Answer:
  • At this time MFR does not have agreements in place with any other participants of the Co-Op for sharing data.This might be a possibility in the future though.
Question: How is the auction information obtained? 


Answer:
  • The auction information is obtained directly from the county.
Question:

How often is each category (auction, reo) updated? 



Answer:
  • It’s dependent on each county’s schedule so it varies from county to county.
Question: Foreclosure Definitions


Answer:
  • Total Open Lien – The sum of all outstanding loans on the property.
  • Auction Amount – The beginning bid.
  • Auction Schedule Date – The date that the auction is scheduled to take place but it’s subject to change and the change is not recorded.
  • Action Recording Date – The date the auction notice was recorded.
REO Amount – The amount the bank purchased the property for