DataQuick Launches Nationwide Distressed Property Analysis Tools

SAN DIEGO – One of the keys to the housing market’s recovery is managing and ultimately clearing out the inventory of distressed properties. DataQuick®, a provider of advanced real estate information solutions powered by data, analytics and decisioning, released RiskFinder Distress at the American Securitization Forum to provide investors, lenders and servicers the ability to search and analyze the risk levels of distressed properties nationwide.

            RiskFinder Distress enables users to track and analyze key distress events throughout the life cycle of the loan. This provides investors and lenders the information needed to evaluate risk, determine the impact of distress sales on loss severity estimates, drive loss mitigation strategies and identify markets that are starting to recover.

            “There is a significant opportunity in distressed properties if companies understand the risks and potential loss severity of each loan,” said John Walsh, President of DataQuick. “For buyers, the low cost of distressed properties provides attractive investment value, while servicers and owners need to understand how to mitigate their potential losses.”

            DataQuick’s RiskFinder Distress provides unprecedented capability to track foreclosure, short sale, real estate owned (REO) or for sale by auction trends. The trends can be analyzed by geographic level and time period, with coverage available nationwide and by ZIP code.

“The biggest challenge in clearing out the inventory of distressed homes is in identifying the best strategy for limiting losses or for a profitable acquisition,” Walsh said. “RiskFinder Distress gives users the information and analysis needed to not only track distress trends, but analyze their influences on home prices and predicting loss severity.”

About DataQuick

San Diego-based DataQuick 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.

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