Tip of the Week – Renewed Urgency for Data Accuracy

Starting today (Jan. 26), Fannie Mae is making its new Collateral Underwriter program available to lenders. This automated model flags potential errors in an appraisal and scores it for the overall risk of inaccuracy. Depending on the results, lenders may slow down the loan approval process or deny the loan altogether. This has significant potential consequences for all parties involved in the home buying process, especially your clients.

So What Can You Do? More than ever, the accuracy of the listing data you input into NorthstarMLS affects the success of the appraisal and loan processes. You’ll be helping yourself, your seller/buyer, appraisers and everyone else using the NorthstarMLS system by ensuring each listing is as accurate, complete and up-to-date as possible. Ensuring the most accurate and clean data for our customers is challenging and an ongoing process. If everyone using the MLS takes the responsibility to ensure their listings are as accurate as possible, everyone benefits. Remember: We’re all in this together!


Take a Look at Data Accuracy Content We’ve Provided in the Past Few Years
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Big Data

How NorthstarMLS puts powerful information in your hands

“Big Data” is a popular buzz term. But it has been around for years and, more recently, with practical applications for real estate. NorthstarMLS’s latest core service, True Lifestyle Cost, is a powerful example in which data on utilities, commutes, taxes and more combine to give true cost of ownership estimates.

To learn more about Big Data—what it is and how it can help you via NorthstarMLS’s True Lifestyle Cost— check out our brief article, “Understanding Big Data”.

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Real Estate Rush Hour – “Measuring Up”

Remember, list your property accurately and completely. If you see a listing that has wrong information, report the listing to the NorthstarMLS Rules Department. You’ll be helping yourself, your seller/buyer, appraisers and everyone else using the NorthstarMLS system by ensuring each listing is as accurate, complete and up-to-date as possible. In our latest edition of Real Estate Rush Hour, Sheriff Polaris and Deputy Flicker demonstrate the proper way to measure a room.


Real Estate Rush Hour Comic Strips As we recently announced, we created a comic strip — Rush Hour Real Estate — to add an element of fun to the dry subject of NorthstarMLS rules & regulations education. Follow along with the adventures of our woodland characters as they navigate their own version of a world of MLS rules. See them all here.


Real Estate Rush Hour Animated Video In addition to Real Estate Rush Hour comic strips, we created an animated cartoon for your viewing pleasure. Watch the adventures of our woodland characters, Polaris and Flicker — don’t forget to turn your volume up! Watch it here.

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