SAN DIEGO, CA – December 8, 2010 – (RealEstateRama) — MDA DataQuick®, a division of MDA Lending Solutions and the nation’s largest independent provider of property data to real estate and mortgage professionals, updated PropertyFinder 2G, the company’s flagship property and ownership research tool.
MDA DataQuick PropertyFinder® 2G gives real estate professionals and title companies access to a nationwide database of detailed property and ownership information, which includes property profiles, sales comparables, demographic information and property history. To support the increase in distressed properties on the market, PropertyFinder 2G now offers expanded property history details on distressed sales transactions. Users can more accurately track activities, such as notice of default, notice of trustee sale, or short sale as well as the transaction that led to the activity.
“In today’s economy and housing market, the number of properties in some stage of default is at historical highs,” said John Walsh, president of MDA DataQuick. “Whether the property is REO or in default, real estate professionals and title companies need a clear understanding of the property history. With PropertyFinder2G, users identify distressed properties and make quicker, more accurate decisions, while providing their clients with a professional, easy-to-read report.”
PropertyFinder 2G’s expanded history also adds loan assignment transactions and flags suspicious property transactions, such as unusually large changes in price or properties with multiple sales in less than 30 days. Instead of personally visiting county offices, users can search online for single or multiple properties with a diverse range of functions, such as text, document, or Google map search. Typeahead technology within PropertyFinder 2G makes search criteria entry quicker.
Real estate professionals manage their real-time search results in customizable, professional reports and sales comparables that can include a cover page, photos, Web links and notations. Report editing makes adding and modifying sales comparables, schools, or businesses easier, and report archive eliminates the need to reproduce a report. Reports can be e-mailed, opened as an Adobe PDF document, or downloaded to Excel.
About MDA Lending Solutions
Wilmington, Del.-based MDA Lending Solutions provides advanced information solutions that can improve the decision-making and operational performance of customers by reducing the time, cost and risks involved in real estate transactions. The company offerings include MDA DataQuick®, MDA MindBox® and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. For more information, visit http://www.mdasolutions.com/ or call (888) 299-8787.
MDA DataQuick® offers a wide range of information including property history and characteristics, sales and loan information, market valuation and neighborhood information. For more information, visit http://www.dataquick.com/ or call (888) 604-DATA.
MDA MindBox® is a leading provider of advanced decisioning solutions featuring automated rules-based decision technology that optimizes customer interactions and streamlines back-end workflow and business operations for the mortgage lending community. For more information, visit http://www.mindbox.com/ or call (877) 650-MIND.