Josephine Norton
Data providers can find mortgage information on a property through various means. Public records are a common source, with county recorders, clerks, or deeds officers maintaining property transfers, mortgages, liens, and other real estate transactions. Real estate websites also provide basic information such as assessed value and sales/listing history, while specialised web apps and tools offer more detailed insights, including transaction histories, valuations, and market trends. Mortgage data is crucial for professionals in the industry, aiding debt brokers, lenders, and investors in making informed decisions and generating revenue.
| Characteristics | Values |
|---|---|
| Sources | Real estate websites, county offices, public records, mortgage technology providers, mortgage data providers, personal record search websites |
| Information Available | Listing information, public-records data, third-party and derived data, property owner information, transaction history, valuations, mortgage data, assessed value, sales/listing history, photos, property owner contact information, mortgage records, mortgage closing date, financial information, property assessment information, mortgage transactions, mortgage history, mortgage loan data, risk scores, local school information, etc. |
| Tools | Reonomy web app, RealQuest, MarketTrac, HUD website, ATTOM, ICE Mortgage Technology Platform, SiteXPro |
What You'll Learn
Public records search
Public records are a great source of information on mortgages and property deals. They are maintained by the state recorder's office or are available through an online public records search. These records are updated soon after a homeowner closes a mortgage, and they remain accessible to the public for the duration of the loan. Once the loan is paid off, the lender is released, and the mortgage can no longer be sold to another lender.
Public records of mortgage data cover a lot of details, including purchases, loans, lenders, borrowers, amounts, interest rates, origination dates, and recording dates. They also include information on the property's legal description, address, lender, and mortgage amount. Public mortgage records can be a great help when making an offer on a home.
To conduct a public records search, you will need to assemble some basic information. This can include the property's address or the owner's name. If you lack this information, a real estate agent can help you gain access to it. Once you have the address, you can visit the county's clerk's office or public records website to locate the mortgage records. Some counties may charge a small fee for access or offer "premium" access for additional features.
It is important to note that public records have limitations and cannot provide all information about a property's mortgage. Certain details, such as account numbers and other sensitive information, are protected under seller privacy laws and are not available to the public.
ATTOM is another resource that provides comprehensive property data. It offers data on over 155 million U.S. properties, covering more than 3,140 counties. This data can be accessed through various flexible formats, such as webinars and industry insights.
Why Your Mortgage Payment Increased and What to Do
You may want to see also
Real estate websites
Public records are another valuable source of information. County clerk and public records offices maintain property tax records, mortgage records, and other real estate transaction details. Some counties provide this information for free, while others charge a small fee for access or offer "premium" access for more features. For instance, the Camden County Clerk's Office in Georgia provides free basic access to mortgage records from 1978 onwards, while premium access at $25 per month allows users to check for liens and print watermark-free documents.
Online tools and platforms, such as ATTOM, Reonomy, and CoreLogic, offer comprehensive property data. ATTOM provides mortgage loan data, including purchases, loans, lenders, borrowers, amounts, interest rates, origination dates, and recording dates. Reonomy's web app, powered by AI, provides access to property owner information, property records, and company data. CoreLogic's RealQuest tool offers property-specific data for 149 million parcels, including transaction histories, MLS data, and valuations. Another tool, MarketTrac, allows users to search for mortgage data based on market area, transaction type, and mortgage loan type.
To effectively utilise these resources, it is essential to gather basic information about the property, such as its address or the owner's name. This initial information can be obtained from real estate listings or by contacting the listing agent. Once you have this basic information, you can conduct more in-depth searches on real estate websites, public records, and specialised online platforms.
Understanding Mortgage Notes: How Corporations Issue Them
You may want to see also
Real estate agents
Additionally, real estate agents can leverage property data solutions like ICE's SiteXPro, which provides instant access to property reports and data solutions from a single platform. This includes ownership verification, transaction history, and identifying at-risk loans. Real estate professionals can also access mortgage data from providers like ATTOM, which offers comprehensive mortgage data, including loan data, recorder deed data, sales prices, and property transfers. The Warren Group is another provider of real estate data, including transaction records, mortgage data, foreclosure data, property ownership information, and sales prices.
In the commercial real estate space, Moody's Analytics offers mortgage loan data and insights into the impact of economic changes on the market. For multifamily properties, Reonomy's web app, powered by AI, helps users access property owner information, property records, and company data. CoreLogic's RealQuest tool provides property-specific data for 149 million parcels, including transaction histories, valuations, and MLS data. Its MarketTrac tool allows users to search for mortgage data based on market area and loan type. For HUD-insured multifamily mortgages, the HUD website provides a monthly Excel file with comprehensive mortgage data, including project name, location, mortgage origination data, interest rate, and servicer name.
Mortgage Bonds: Stable in Market Crash Turmoil
You may want to see also
Mortgage technology providers
Data Sources and Tools
Streamlining the Mortgage Process
Technology providers aim to streamline the mortgage application, authorization, and closing procedures. For instance, Encompass® by ICE Mortgage Technology offers a comprehensive loan processing software that links automation, accordance, and incorporation to facilitate lenders in providing a better borrower experience. It also integrates with appraisal providers, e-signature contributors, and document management systems. Calyx Software, on the other hand, provides an all-inclusive loan origination system specifically designed for mortgage brokers, lenders, and specialists in the mortgage business.
Analytics and Insights
Collaboration and Productivity
Technology solutions in the mortgage space also focus on improving collaboration and productivity. For instance, ICE Mortgage Technology's Encompass® eClose enables document ordering, borrower engagement, settlement agent collaboration, and eSignatures. Additionally, their MERS® system provides members with the technology and tools to achieve a streamlined, paperless process. These solutions help real estate professionals, MLSs, and title companies increase productivity, strengthen relationships, and gain a competitive edge.
Compliance and Efficiency
Mortgage-Backed Securities: Catalyst of the Financial Crisis
You may want to see also
Mortgage data tools
Mortgage data is a powerful tool for businesses, helping them to make informed decisions and improve efficiency. There are a variety of tools and platforms that provide mortgage data, which can be used by real estate brokers, lenders, investors, and other professionals.
Sources of Mortgage Data
Mortgage data providers pool centralized data from public records and digital databases, offering fast and easy access to the most recent and accurate information. This data is typically available at all geographic levels, from national to local. Public records of mortgage data cover a lot of details, including purchases, loans, lenders, borrowers, amounts, interest rates, origination dates, and recording dates.
ATTOM is a leading provider of comprehensive mortgage data, offering insights into over 155 million US properties. ATTOM provides flexible data delivery solutions, including bulk data licensing, real estate APIs, and marketing lists. It also offers Data Dynamics®, a solution that allows investors to evaluate the credit and prepayment performance of loans owned or guaranteed by Fannie Mae.
Mobility Market Intelligence (MMI) has assembled one of the most comprehensive real estate and mortgage transaction databases in the industry, with over 1.3 terabytes of transaction data. MMI's database includes over 220 mortgage data point variants, which are used to clean and standardize incoming data, allowing for consistent reporting and querying.
CoreLogic offers several tools that can be helpful for finding mortgage data, including RealQuest, which includes property-specific data for 149 million parcels, and MarketTrac, which allows users to search for mortgage data based on market area and/or transaction and mortgage loan type.
Experian is another notable mortgage and real estate data provider, integrating mortgage and real estate data with business credit, consumer credit, fraud management, and identity solutions. Using advanced analytics and predictive models, Experian is a valuable partner for mortgage lenders, real estate professionals, and financial institutions.
Aidium's Data Warehousing is a secure, cloud-based storage solution that helps businesses centralize and unify their mortgage data, enabling comprehensive and efficient reporting.
Other Sources of Mortgage Information
In addition to these data tools, there are other sources of mortgage information that can be accessed. Real estate websites often provide basic information about a property, such as its assessed value and sales/listing history. For more detailed information, individuals can conduct a public records search using the property address or owner's name. County records, which are typically stored with the county where the property is located, contain mortgage records, property transfers, and other relevant information.
Unlocking Second Mortgages in North Carolina
You may want to see also
Frequently asked questions
Data providers can find mortgage information on a property by using tools such as RealQuest and MarketTrac, which include property-specific data for millions of parcels, including transaction histories, valuations, and more. Public records of mortgage data providers also cover details such as purchases, loans, lenders, borrowers, amounts, interest rates, and origination dates. County recorder offices, deeds officers, and clerks are also sources of mortgage information on a property.
To find mortgage information on a property, you will need basic information such as the property address or the owner's name. If you have the name of the property owner, you can use personal record search websites to find out more information about the homeowner.
Mortgage information on a property includes data on individual loans, the properties and people involved with those loans, and the lending entities involved. This can include loan origination and maturity dates, loan worth, the length of the loan, specific loan type, interest rate, lenders, and the people behind property ownership, including the names and contact information of the borrowing party.
You can access mortgage information on a property by using real estate websites, which often display basic information such as assessed value and sales/listing history. You can also access mortgage records stored with the county where the property is located. Additionally, companies like ATTOM, ICE, and Reonomy provide comprehensive property data and mortgage information.
