MLS United, LLC Teams up with Leading REALTOR® Associations in Mississippi to Provide FOREWARN® Services
- Partnership with major real estate associations in Mississippi
- Extension of FOREWARN® services to over 6,200+ MLS United customers at no additional cost
- Enhancement of agent safety and ability to work safely and guard against potential fraud
- None.
The integration of FOREWARN services into MLS United's offerings represents a strategic enhancement in the real estate sector, particularly for agent safety and fraud prevention. Given the nature of real estate transactions, where agents frequently interact with unknown individuals, the ability to verify identities and check criminal histories is a significant value addition. It could potentially lead to increased agent participation and customer trust, which in turn may influence the market attractiveness of MLS United's services.
From a market research perspective, this collaboration could set a precedent in the industry, potentially prompting competitors to seek similar partnerships or develop in-house solutions to match the safety standards set by MLS United. This move may also positively impact the parent company, red violet, by showcasing the applicability and demand for their data analysis solutions, possibly leading to an uptick in their stock performance as investors react to the expanded use case and market penetration.
FOREWARN's integration into MLS United can be seen as a proactive risk management measure. By enabling agents to conduct due diligence on potential clients, the service mitigates the inherent risks associated with real estate showings and transactions. This risk mitigation could result in fewer safety incidents, which not only protects agents but also reduces potential liabilities for real estate firms.
Furthermore, the availability of such services at no additional cost to individual agents could encourage wider adoption and standardize safety protocols across the industry. However, it is essential to monitor the effectiveness of FOREWARN in actually reducing incidents to truly assess its impact on risk management within the sector.
The technological aspect of FOREWARN's service, which leverages data analytics to provide real-time information, is an example of how Big Data is increasingly being utilized across various industries. By analyzing billions of data points, FOREWARN provides a sophisticated level of data intelligence that enhances operational efficiency and safety.
As a technology analyst, it is interesting to note how the application of such data-driven solutions can lead to new standards in industry practices. The ability to verify information quickly through a mobile application aligns with the broader trend of mobile technology adoption in business processes. It is also indicative of the growing importance of cybersecurity measures in the real estate sector, which has traditionally been slower to adopt such innovations compared to other industries.
Mississippi's Premier Multiple Listing Service, MLS United, LLC, collaborates with Northwest Mississippi REALTORS®, Central Mississippi REALTORS®, and Gulf Coast Association of REALTORS® to enhance agent safety with FOREWARN services.
BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) -- In a significant move to bolster real estate agent safety, FOREWARN, LLC, a subsidiary of red violet company (NASDAQ: RDVT) and a leader in real-time information solutions for real estate professionals, today announced that it has partnered with MLS United, LLC the largest Multiple Listing Service in Mississippi. This collaboration will extend FOREWARN® services to over 6,200+ MLS United customers at no additional cost to individual agents.
Available both online and through a mobile application, FOREWARN® analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN® allows agents to properly and safely plan for showings with a higher level of confidence.
“We are thrilled to provide FOREWARN to our customers, enhancing their ability to work safely and guard against potential fraud,” stated Joe Rogers, CEO of MLS United. “Real estate agents face various physical and fraudulent threats, and verifying the identity of unknown prospects is a crucial first step in self-protection. FOREWARN facilitates this process quickly and efficiently.”
Northwest Mississippi REALTORS®, Central Mississippi REALTORS®, and Gulf Coast Association of REALTORS® members will receive detailed instructions for activating their complementary FOREWARN® subscription. In the near future, FOREWARN® services will be available to MLS United's “MLS only” customers.
All other real estate agencies, agents, and appraisers can learn more about FOREWARN at www.forewarn.com.
About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
RELATED LINKS: www.forewarn.com
About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society. For more information, please visit www.redviolet.com.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address critical safety concerns and needs for MLS United customers and whether FOREWARN will be able to facilitate the process of quickly and efficiently verifying the identity of unknown prospects as a first step in self-protection for MLS United customers. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com
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