SAN DIEGO--(EON: Enhanced Online News)--DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has enhanced its National Property Database to include expanded property transaction intelligence through the release of the new Derived Transaction Record (DTR). The company also announced the introduction of the Assessor History Database and enhancements to its Standard Record Recorder (SR) and Pre-Foreclosure coverage.
“As with all of our solution offerings, each initiative was designed to provide our customers with more actionable intelligence that can be used for a wider variety of applications to drive better bottom line results.”
DataQuick’s National Property Database, one of the most comprehensive resources of property data in the nation, currently has more than 125 million property records and more than 267 million transaction records. The enhancements to the database are designed to provide lenders, servicers, investors, government agencies and data resellers with enhanced intelligence to drive more effective and profitable business decisions. Specific details and benefits of each of the four initiatives are as follows:
Derived Transaction Record (DTR) – Identifies property transactions in jurisdictions that do not provide Recorder information and also identifies property transactions that are outside of historical depth in jurisdictions where Recorder data is available. The enhancement will add 33 million transaction records to the National Property Database and significantly expand clients’ ability to track relevant activity on a property over time to better determine risk on specific properties and homeowners/borrowers.
Assessor History Database – Provides an annual snapshot of Assessor data for millions of properties from 2003 – 2013. The database delivers a time series of comprehensive property characteristics for each property to identify critical changes that impact property values and neighborhood valuation trends over time.
Standard Record Recorder (SR) Expansion – Adds 36 new SR fields and enhances 36 current fields, impacting more than 100 million annual transactions. Specific highlights include the addition of loan term, reverse mortgages, quitclaims and loan modifications to the National Property Database as well as an expansion in coverage of interest rates, arms-length transactions, lender addresses, multi-parcel transactions and intra-family transfers.
Pre-Foreclosure Expansion – Expands coverage of Notice of Default, Notice of Trustee Sale and Lis Pendens filings from 156 U.S. counties to 872 counties. The addition expands the ability to track key distressed property activity and trends that are still having significant impact on property valuations in most U.S. markets.
“These four enhancements are some of the most comprehensive database initiatives deployed by DataQuick during the past five years,” said John Walsh, president of DataQuick. “As with all of our solution offerings, each initiative was designed to provide our customers with more actionable intelligence that can be used for a wider variety of applications to drive better bottom line results.”
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.