DataQuick Helps Lenders Respond to Ability-to-Repay Requirements, Qualified Mortgage Rules


SAN DIEGO – January 17, 2012 – (RealEstateRama) — The Dodd-Frank Ability-to-Repay requirements and the Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage (QM) rules present significant, new compliance challenges. DataQuick®, a provider of advanced real estate information solutions powered by data, analytics, and decisioning, has qualification and decisioning solutions available now to meet these new requirements and ensure ongoing operational stability.

DataQuick, through its MindBox® decisioning solution, has delivered qualification engines for more than 20 years to enhance operational efficiency and accuracy in most stages within the loan life-cycle.  MindBox’s decisioning capabilities can now be easily adapted to meet the expanded requirements of Dodd-Frank and the CFPB.

“The challenge for lenders is to meet these new compliance requirements efficiently and in a timely fashion,” said John Walsh, president of DataQuick“MindBox does this today and ensures a comprehensive, consistent and accurate review, so our customers have the confidence that every loan is decisioned to meet regulatory compliance.”

The company also offers DataQuick Credit Solutions, a National Property Database and income verification and fraud indication services to address not only the critical elements of ability-to-repay and QM, but also full risk analysis.

About 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, on LinkedIn or on Twitter at @DataQuick.

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