HOUSTON (Feb. 17, 2004) - REI Data Inc., a subsidiary of Stewart Information Services Corp. (NYSE-STC), announces the rollout of Listing Checker, a new service that enhances the data quality of MLS systems.
"There is no other service of this kind on the market," said Tom Abbate, senior vice president, strategic business development for REI Data Inc. "The greatest challenge for MLS administrators is to keep the information accurate and consistent. Listing Checker makes it possible for administrators to provide the best quality data."
Listing Checker helps MLS systems check the data in listings for irregularities and missing information. Such information includes missing or incorrect addresses or tax identification number (TIN) not matching the property, as well as information that should not be included in remarks sections, such as phone numbers and instructions such as "call first." If missing or extraneous information is found, an e-mail is sent to the person who posted the listing with items that need to be corrected. Listing Checker checks listings posted each night and also re-verifies modified listings.
"It is important for MLS data to be consistent and accurate. If it is not, Realtors® have to spend time tracking down correct information and consumers may not be getting complete information," continued Abbate. "Ultimately the biggest benefit for the MLS, Realtors® and consumers is that Listing Checker assures that an MLS provides high quality data on the listing."
Business inquiries should be directed to firstname.lastname@example.org.
About REI Data Inc.
REI Data Inc. provides comprehensive information solutions to title agents; lenders; real estate agents and brokers; federal, state and local governments; and other markets with related needs.
Stewart Information Services Corp. is a technology driven, strategically competitive, global real estate information company. Stewart provides title insurance and related information services through more than 7,200 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, document preparation, property reports and background checks. Stewart also supplies post-closing services to lenders, automated county clerk land records, property and land ownership mapping, and GIS for governmental entities. Stewart provides expertise in tax-deferred exchanges. More information about Stewart can be found at www.stewart.com.
Realtor® is a registered collective membership mark identifying a real estate professional who is a member of the National Association of Realtors®.