DataQuick Offers Lenders and Investors Improved Ability to Identify and Position Loans through Precision Loan Model Enhancements
Advanced logic and positioning give clear picture of loan status to minimize risk
SAN DIEGO--(BUSINESS WIRE)--DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, has deployed enhancements to the underlying logic within its Precision Loan Model (PLM), providing a more accurate way for lenders and investors to identify and position all relevant loans on a property.
“Lenders and investors need a complete picture of their exposure on every loan, but if they only have loan origination data, they’re likely missing key details. PLM provides our clients with the insight they need, and with these enhancements, they’ll be in an even better position to evaluate their risk”
The advanced logic afforded by DataQuick’s PLM lets lenders and investors calculate combined loan to value (CLTV), quickly assess lendable equity, understand and manage changing risk in relation to property-level loan-to-value ratios and make accurate default management decisions. Clients are able to assess and monitor all additional liens on the property that may be ahead or behind their own loan. PLM also delivers a full profile of the other loans on the property over a regular time series which includes new lien dates, lender information and amounts. More advanced solutions from DataQuick can also provide insight on borrower performance on each of the loans on a property for a full view of loan-level portfolio risk.
“Lenders and investors need a complete picture of their exposure on every loan, but if they only have loan origination data, they’re likely missing key details. PLM provides our clients with the insight they need, and with these enhancements, they’ll be in an even better position to evaluate their risk,” said John Walsh, president of DataQuick. “Deploying our enhanced logic along with the other loan and property level intelligence included with PLM results delivers both the loan-level view needed to accurately evaluate individual borrowers as well as a more comprehensive overall portfolio review process.”
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.