HOUSTON (Feb. 24, 2003) - Landata Information Services Inc. and Multiple Solutions have partnered to form Information Services of Illinois L.L.C. (ISI), which will provide real property information to the Multiple Listing Service of Northern Illinois, Inc. (MLSNI).
"We are excited about the numerous opportunities open to ISI as a result of partnering with the largest multiple listing service in the country. Jay Huffman's experience with MLSNI will be invaluable in moving ISI to the next plateau," said Tom Abbate, vice chairman and CEO of Landata Information Services, Inc. "Great things will come from this strategic partnership."
MLSNI is the Realtor-owned and operated listing service for the northern Illinois real estate market. More than 34,000 Realtors are affiliated with MLSNI, making it one of the largest multiple listing services in the world.
The Arlington Heights, Ill.-based ISI is the largest single-source provider of real property information in the greater Chicago area, with information for more than 2.5 million parcels. ISI covers seven counties in northeastern Illinois - Cook, DuPage, Kane, Kendall, Lake, McHenry and Will counties. Sales data from recorded documents is captured and updated weekly. ISI's comprehensive 24-hour online data-retrieval system offers searchable data, including property owners' names, property addresses, legal descriptions, past and current sales data, demographic characteristics, past and current property taxes, and changes in ownership.
"The Multiple Listing Service of Northern Illinois anticipates great things from this new partnership, and we are enthusiastically looking forward to working with ISI to provide ground-breaking products and services. MLSNI has worked with ISI extensively over the past nine years, and we have always been extremely impressed by the accuracy and timeliness of its products," said Jay Huffman, chairman and CEO of MLSNI.
"We are delighted to continue this relationship, providing timely real estate information to northern Illinois real estate professionals," said Don Wanke, general manager of ISI. "While this partnership change will be invisible to our end users, it gives us an opportunity to explore enhancements to our services and an expansion of our coverage area."
ISI's products allow users to search public records, obtain specific property information or combine searchable attributes to create target-market mailing lists and labels. Clients include accounting firms, appraisers, credit and collection agencies, insurance companies, mortgage lending institutions and brokers, private investigators, real estate consultants and developers, title insurance companies and utility companies. ISI will augment its product offering with the addition of a tax-map product for Cook County, followed shortly by a tax-map product for Lake County.
Landata Group Inc. is a wholly-owned subsidiary of Stewart Information Services Corp. (NYSE:STC), a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 6,400 issuing locations in the United States and several international markets. Stewart meets the needs of the real estate and mortgage industries through the delivery of information services required for settlement using e-commerce. These services include title reports, flood determinations, property appraisals, surveys, document preparation, property reports, background checks and online property auctions. Stewart also supplies post-closing services to lenders, automated county clerk land records and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at http://www.stewart.com.