|By Business Wire||
|February 18, 2014 10:24 AM EST||
DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has completed the development of its Derived Transaction Record (DTR), a new property transaction record based on a methodology for extracting data from a variety of intelligence sources to identify property transactions in jurisdictions that do not compile recorder information. The methodology also identifies property transactions that are not captured as part of traditional Recorder data and coverage in jurisdictions where Recorder data is available.
Thirty-three million DTRs will be added to DataQuick’s National Property Database, bringing the overall number of property transactions available to 310 million.
The increase in property transactions resulting from the addition of the DTRs improves the ability to track transaction history and provides a more comprehensive picture of the loans and transactions on a property, enhances Combined Loan-to-Value (CLTV) estimates and offers better insight into distressed activity on specific properties and in specific markets.
“We’re constantly exploring how we can help our customers improve their ability to manage collateral and portfolio risk,” said John Walsh, president of DataQuick. “The DTR expansion provides more insight on more properties giving our customers the intelligence they need to make more informed decisions. While the DTRs are a separate offering from our standard property transaction records, both are offered in the same format, allowing for seamless integration of intelligence that isn’t currently available in many markets across the country.”
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.