How Mortgage Professionals Need Property Data to Make Informed Decisions
In today’s ever-evolving mortgage market, data is more important than ever. The good news is, companies can get data from a variety of sources. Of course, the bad news is, companies can get data from a variety of sources. Pulling information from disparate suppliers can mean discrepancies, inaccuracies, and more — and that’s before the issues that arise from compiling them all into the company’s database to make the data actually accessible and useful.
Fortunately, there are ways to access secure, up-to-date data without creating an entire department dedicated to the task. Data-as-a-Service (DaaS) is a powerful tool that can help mortgage companies get the information they need without destroying their budget. DaaS makes it easy for companies to access large property data sets without the hassle of loading, managing and integrating the information themselves. That means mortgage companies can access the vast array of property data they need while still keeping their business focused on clients.
Put property data in its place
Mortgage professionals work with property data on a daily basis, and accuracy is critical. With information culled from ATTOM’s industry-leading property datasets, mortgage companies can do everything from researching sales histories to analyzing foreclosure data. Regularly updated and verified, ATTOM’s property data is delivered in real time to users, so they can access the most up-to-date information available. ATTOM’s property data covers more than 155 million properties nationwide, accounting for 99 percent of the population in the U.S..
Managing and updating this data would be unwieldly for most mortgage companies, and that’s where DaaS solutions come in. With ATTOM’s DaaS Platform, mortgage companies can keep costs under control while relying on ATTOM’s commitment to data security and stringent compliance standards.
Focus your business
By using solutions like DaaS, mortgage companies can boost their business with streamlined data sourcing and analysis. Instead of regularly seeking out bulk downloads of massive amounts of property information, companies can access data directly from the cloud through DaaS. With this, mortgage companies can streamline the loan process from qualification through underwriting and processing by automatically populating key data points as the loan moves from prequalification to close. This not only saves time, but also reduces inaccuracies. In addition, mortgage lenders will see more accurate risk assessments if they supplement their credit data with ATTOM’s industry-leading property data.
ATTOM’s Data-as-a-Service solutions provides access to a large amount of data in a convenient, flexible, and affordable way, and because it is all managed by ATTOM, mortgage companies will be free to focus on what they do best: mortgages.