Tweet this: Pre-foreclosure intelligence fuels lending, servicing and investment applications as @DataQuick expands property valuation coverage from 156 to 872 counties
SAN DIEGO, – August 13, 2013 – (RealEstateRama) — DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded the availability of its pre-foreclosure intelligence from 156 US counties to 872 counties—significantly enhancing distressed property analysis capabilities for originators, risk managers and servicers.
DataQuick’s pre-foreclosure intelligence includes comprehensive details on Notice of Default, Notice of Trustee Sale and Lis Pendens (LP) transactions. The addition of pre-foreclosure intelligence to general property and market data nearly doubles the number of transactions currently available to property evaluators which will allow them to deliver more accurate valuations for both distressed and non-distressed properties. The expansion also helps streamline the origination, lending and servicing process by providing enhanced predictive valuation models and a more comprehensive local market appraisal analysis.
“Distressed properties still have a huge impact on property valuations as well as the strategies lenders, servicers, and investors deploy to make effective loan-level and portfolio management decisions,” said John Walsh, president of DataQuick. “Our expanded pre-foreclosure content helps further fuel these strategies and better provide the information needed for making the most accurate property valuations.”
Integrated into the existing structure of DataQuick’s National Property Database, the expanded pre-foreclosure coverage will also be combined with the company’s extensive database of REO transactions to provide an end-to-end view of distressed activity. As with all DataQuick property data, the expanded pre-foreclosure intelligence is subject to stringent quality control requirements to ensure the highest level of accuracy.
“Our goal is to provide the most convenient access to the highest level of property data in the market,” continued Walsh. “By structuring the new content in the same format as our existing pre-foreclosure data, we are ensuring seamless integration into existing systems for easy access to more of the quality property data and analysis our customers have come to expect from DataQuick.”
San Diego-based DataQuick, a Decision Insight Information Group company, delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick’s integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, Title insurance and property information, property research portals and marketing tools. For more information, visit the company’s website at www.dataquick.com, on LinkedIn or on Twitter at @DataQuick.
About Decision Insight Information Group
Decision Insight Information Group, located in the U.S., Canada and Europe, delivers a comprehensive range of information, infrastructure and decision support products and services for financial and legal professionals. Operating at the heart of the property industry, Decision Insight Information Group manages complex information solutions and provides clarity on decision making for buying, selling, conveyancing, financing and insurance. Decision Insight Information Group companies include MSB and DataQuick in the U.S., Access Point Information Canada, SearchFlow, xit2 and Decision Insight Hub in the UK, Millar & Bryce in Scotland, Rochford Brady Group in the Republic of Ireland, Wertweiser, a joint venture with HVB Bank, in Germany, and Decision First, a joint venture with First Title, in the UK. Decision Insight Information Group has 1,100 employees in 16 offices. For more information, visit www.decisioninsightgroup.com. Decision Insight Information Group is a TPG Capital portfolio company.
Andrew McCaskill, APR