RealtyTrac launches file licensing business for sales deed, mortgage and tax data
First new entrant into the space in more than a decade
RealtyTrac is stepping into the tax, deed and mortgage data business, making it the first new entrant in the business in more than a decade, even as it also expands its reach in housing data.
RealtyTrac licenses its proprietary foreclosure database of more than 20 million current and historical foreclosure records and local & environmental data available through Homefacts.
On Wednesday, the company rolled out its newest product, a nationwide property-level dataset for tax, deed and mortgage records for U.S. parcels nationwide.
RealtyTrac is also stepping up its game with the pending access to DataQuick Information Systems, arising from a Federal Trade Commission settlement agreement related to CoreLogic’s (CLGX) $661 million acquisition of DataQuick.
“For nearly 20 years RealtyTrac has been a market leader in B2B and B2C applications for comprehensive real estate data, and we are excited to expand our data footprint and continue our mission of bringing more data to more people,” said Jamie Moyle, CEO at RealtyTrac. ”We are expanding the horizons in every direction when it comes to leveraging real estate data for personal, business and policy decision-making.
“We will continue to grow our aggregation department even further to make more data available to our customers, but this was a big step,” Moyle added. “RealtyTrac will bring the same creativity, flexibility and transparency to the market for tax, deed and mortgage data that it brought to the foreclosure data market more than 10 years ago and that it brought to the local and environmental data market two years ago with the acquisition of Homefacts.”
RealtyTrac also hired 28-year industry veteran and former Black Knight Financial Services senior VP of sales, Brian Mushaney, to head up its file licensing division.
“This move marks the first new entrant into data licensing since FNF purchased IDM Corporation in 2001,” said Mushaney, who was hired as executive vice president of data solutions for RealtyTrac. “RealtyTrac now offers a third option to Value Added Resellers or licensees in the industry. The main difference is our lack of channel or client-specific conflict with our potential license partners. We look to be a business partner and enable our partners with the data that is the foundation to making smart business decisions.
“Whether customers desire a bulk file license, custom API or a more creative solution, RealtyTrac has the internal knowledge and expertise to quickly enable innovative new products that continue to challenge the status quo of buying, selling and analyzing real estate,” Mushaney added.
According to the company, the newly licensable dataset includes hundreds of fields of information for each property parcel nationwide, including sales transactions data, detailed mortgage activity data, estimated market value (AVM) data, and property characteristics data.
RealtyTrac also unveiled a video for the announcement about its new division.