DataQuick has completed the development of its Derived Transaction Record (DTR), a new property transaction record based on a methodology for extracting data from a variety of intelligence sources to identify property transactions in jurisdictions that do not compile recorder information.
The methodology also identifies property transactions that are not captured as part of traditional recorder data and coverage in jurisdictions where recorder data is available.
According to the company, 33 million DTRs will be added to DataQuick's National Property Database, bringing the overall number of property transactions available to 310 million.
DataQuick notes that the increase in property transactions resulting from the addition of the DTRs improves the ability to track transaction history, provides a more comprehensive picture of the loans and transactions on a property, enhances combined loan-to-value estimates, and offers better insight into distressed activity on specific properties and in specific markets.
