Constellation1, a provider of technology and data services to the real estate and mortgage industries, has been selected by Fathom Holdings Inc. to provide nationwide data aggregation and compliance services.
Prior to its partnership with Constellation1, Fathom managed data services in-house.
Like many others that have identified the need for third party data services management, Fathom said it’s determined that bringing in a dedicated team of experts to manage data services would help focus resources on delivering best-in-class tools to agents, simplify Multiple Listing Service (MLS) management and build long-term data quality and reliability.
“In seeking a provider that could take over data management we conducted a thorough analysis comparing our data aggregation and normalization processes to that of Constellation1 – field by field,” Marco Fregenal, Fathom Holdings CEO, said in a release. “The assessment analyzed data richness, data saturation, update frequencies, update times, and much more, in comparison to their own platform. Constellation1's foundation in data services and nearly three decades of experience in managing comprehensive data services, MLS relationships and complex compliance requirements were the deciding factors for Fathom to partner with Constellation1.”
In the fall of 2022, Constellation1 announced it was taking the lead on implementing Real Estate Standards Organization’s (RESO) latest standard: webhooks, allowing clients to receive automated push notifications whenever new data became available on the MLS, such as a new listing or a price change.
Leaders said that enabling this new standard in its data feeds gives Fathom agents a competitive advantage of up-to-the-minute listing change notifications, improving their ability to service clients and provide the best and fastest service related to the availability of MLS information.
“As a leader, themselves, in MLS data aggregation, we’re thrilled to be working with the team at Fathom,” said Brant Morwald, president of Constellation1. “This partnership reinforces the investments we’ve dedicated to our data services business – cloud infrastructure, serverless architecture, data normalization – and the level of support Constellaton1 dedicates to its customers. We look forward to supporting Fathom’s continued growth.”
In addition to the partnership with Fathom Holdings Inc., Constellation1 recently partnered with Engel & Völkers, HSF Affiliates LLC, the parent company of Berkshire Hathaway HomeServices, and Redfin, to power their national expansions through data services.