|By Business Wire||
|December 5, 2013 09:27 AM EST||
DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded its Standard Recorder layout to create a custom bundle devoted specifically to key loan transaction intelligence, including, 12 million loan modifications, loan term on 4 million mortgages, interest rates on 600,000 mortgages and details on 525,000 reverse mortgages.
The Expanded Loan Transaction Record is fully integrated with DataQuick’s National Property Database, adding essential intelligence to its existing 305 million detailed property transaction records and 127 million assessor records.
The result of the expansion is a comprehensive view of transactions and properties to help drive business-critical decisions. The Expanded Loan Transaction Record gives originators better insight on interest rates to identify potential new customers and fuel demand generation campaigns. It provides servicers access to additional information for properties in their portfolios in order to gain a more complete picture of overall risk and opportunity. Finally, it helps investors develop more predictive pre-payment, default and loss given default models.
“Lenders, servicers and investors need as much loan-level intelligence as possible to be able to properly gauge the risk and opportunity associated with specific transactions, properties and borrowers,” said John Walsh, president of DataQuick. “DataQuick’s Expanded Loan Transaction Record is designed to provide the details needed to make the right decisions throughout the mortgage workflow.”
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.