Mortgage Lenders and Loan Originators
PropertyKey’s IMAPP platform provides mortgage lenders and loan originators with a comprehensive view of a property, its value, and general market conditions for easy analysis. The combination of tax and public record information with Real Estate listing data accessible in one tool is a real time saver and productivity driver.
Having integrated, accurate and reliable information within a single source is a game changer. PropertyKey’s IMAPP platform eliminates the need to search multiple systems for property and market information. Data is visualized in a clear and concise format and provides a different dimension to viewing property and market details. PropertyKey’s IMAPP platform can assist with the following:
- Market Analysis: Property data offers valuable insights into market trends, such as average sales prices, property turnover rates, and neighborhood characteristics. Combining this data with tax and public records allows lenders to assess the market conditions and the potential risks associated with a particular property or location, which helps lenders with decision-making.
- Prospecting and Market Research: Find property owners whose mortgage history indicate they would benefit from refinancing and track competitor mortgage activity in your activity area.
- Property Valuation: IMAPP data provides detailed information about comparable properties in a specific area, including recent sales prices and property characteristics. By combining this data with tax and public records, lenders can create a preliminary assessment of the property value and support decision-making earlier in the loan process.
- Risk Assessment: Tax and public records contain important information about the property and its owners, such as liens, judgments, foreclosures, open permits and code compliance, or outstanding taxes. If significant financial or legal issues are tied to the property, IMAPP has it identified.
- Verification of Ownership and Legal Status: Public records provide documentation related to property ownership, including deeds, titles, and mortgage records. By cross-referencing this information with property data, lenders can verify the legal status of the property and help ensure that the borrower has the right to mortgage it and determine other real estate and mortgage history for the owner.
- Due Diligence and Compliance: By leveraging tax, public record, and property data, lenders can verify borrower information and property details and ensure that all necessary disclosures and documentation are in order.
With PropertyKey’s IMAPP platform, mortgage lenders and loan originators can comprehensively understand a property’s value, associated risks, and market conditions. This information can help with the loan application process and making informed lending decisions.
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