SAN DIEGO--(BUSINESS WIRE)--DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded its Neighborhood-Level Home Price Index (HPI) to offer a more localized view of property valuation trends. Neighborhood-level coverage for the HPI has increased from 11,408 to 12,939 zip codes—more than twice the number of any competing HPI.
“HPIs that only track regional changes simply can’t identify the local market changes that can have a significant impact on lending, servicing and investment decisions. The increase in our zip-level coverage provides our clients with the most granular property appreciation metrics available.”
The Neighborhood-Level HPI provides a more granular view of valuation trends for millions of U.S. properties, an important advancement for professionals across the mortgage spectrum. Using a geospatial approach, DataQuick allows originators to understand local price trends for key lending decisions, gives servicers the intelligence they need for supporting the most effective loan modification and asset disposition strategies, and provides investors valuable local market trends in order to make accurate buying and selling decisions for whole loan and portfolio trades.
“Property valuation trends can and do vary from one neighborhood to the next,” said John Walsh, president of DataQuick. “HPIs that only track regional changes simply can’t identify the local market changes that can have a significant impact on lending, servicing and investment decisions. The increase in our zip-level coverage provides our clients with the most granular property appreciation metrics available.”
For more information about the benefits of Neighborhood-Level HPI, download DataQuick’s white paper here: http://www.dataquick.com/wp-content/uploads/2013/03/HPI-White-Paper_Final.pdf
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.