Fresh from being acquired by CoreLogic, real estate information provider DataQuick announced it will integrate valuation software with Global DMS.
The integration will use DataQuick Collateral Validation to enhance valuations available from Global DMS. The new system will add metrics normally not accounted for in the valuation process.
This includes analyzing and making use of public data sources such as multiple listing service data, industry-leading automated valuation models, neighborhood-level house price indexes, inventory and sales trends metrics, foreclosure data, various housing analytics, and other relevant data elements.
“As the uses for property data expand from origination to servicing, lenders and servicers are leveraging a greater number of tools to validate collateral,” said Vladimir Bien-Aime, president and CEO of Global DMS. Bien-Aime added that his growing client base is hungry for unique valuation solutions, and the integration with DataQuick will fulfill that need.
CoreLogic (CLGX) recently purchased DataQuick as part of a mass purchase of data firms. At the time, the DataQuick database held more than 120 million U.S. residential properties and could easily analyze credit profiles, flood-zone risk, fraud and property values.
The Global DMS eTrac Enterprise platform, for its part, manages the entire appraisal management process from beginning to end.