Prior to the expansion, only 156 U.S. counties were able to utilize this solution.
DataQuicks preforeclosure intelligence includes broad details on notice of default, notice of trustee sale and lis pendens transactions. By integrating this information into the companys existing national property database, users will have an end-to-end view of distressed activity from preforeclosure all through to REO transactions.
According to DataQuick, the addition of preforeclosure intelligence to general property and market data nearly doubles the number of transactions currently available to property evaluators. This will allow them to deliver more accurate valuations for both distressed and nondistressed properties.
The expansion also streamlines the origination, lending and servicing process by providing enhanced predictive valuation models and a more comprehensive local market appraisal analysis.
Our goal is to provide the most convenient access to the highest level of property data in the market, said John Walsh, president of DataQuick. By structuring the new content in the same format as our existing pre-foreclosure data, we are ensuring seamless integration into existing for easy access to more of the quality property data and analysis our customers have come to expect from DataQuick.