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DataQuick Completes New Record to Track Property Transactions

NationalMortgageProfessional.com
Feb 18, 2014

DataQuick 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.” 
Published
Feb 18, 2014