SOURCE: RealtyTrac

RealtyTrac

April 12, 2016 12:17 ET

RealtyTrac Launches Enhanced API Product With Streamlined Enterprise-Level Access to U.S. Public Record Property Data

Includes Property & Owner Details, Sales & Loan History, Plat Maps, AVMs & LTVs; Flexible Integration for API Powering Robust Property & Owner Search, Risk Mitigation, More

IRVINE, CA --(Marketwired - April 12, 2016) - RealtyTrac® (www.realtytrac.com), the nation's leading source for comprehensive housing data, today announced the launch of its enhanced Application Program Interface (API) product featuring streamlined enterprise-level access to its nationwide public record property data for more than 150 million U.S. parcels. 

Along with hundreds of property-centric attributes -- including property type, parcel number, legal description, square footage, number of beds and baths and lot size -- the RealtyTrac enhanced API delivers the following information for the 150 million U.S. parcels, updated daily:

  • Property status information - including occupancy status and owner mailing address
  • Property transaction history - including sales transfers and loan transactions
  • Detailed loan information - including original loan amount, loan type and interest rate
  • Sales comps and automated valuation model (AVM) - including an AVM range
  • Foreclosure recordings and history - including pre-foreclosure and foreclosure auction notices
  • Comprehensive neighborhood data - including schools, crime and demographics
  • Plat maps - including lot, block and tract numbers and parcel boundary information
  • Parcel-level risk data - including environmental risks and natural hazard risks

Flexible search options, pricing and integration

RealtyTrac's enhanced API product features flexible search options allowing end-users to search by owner name, property address, latitude and longitude or assessor's parcel number (APN), along with flexible pricing that allows a business to pay only for the data its end-users need -- rather than licensing the entire RealtyTrac real estate database.

"The RealtyTrac API product is a great fit for companies that need accurate real estate data to help make wise business decisions in real-time, but aren't interested in ingesting or managing a massive database in-house," said Rob Barber, RealtyTrac CEO. "Companies and their clients can still quickly access the relevant data they need at the critical decision-making moment they need it, but with an easier integration process and typically lower cost given that they are only paying for the data they actually access via the API."

"The enhanced RealtyTrac API also comes with flexible integration options and personalized account support that is part of the RealtyTrac commitment to all its data solutions customers," said Richard Lombardi, executive vice president and GM for RealtyTrac Data Solutions. "Our API is working effectively for a variety of clients in a variety of verticals, including appraisal, insurance, MLS, transaction verification, and risk mitigation."

Feedback from RealtyTrac API client: Foresight Information Services

"What really impressed me was the relationship accountability at the executive level as well as at the account level," said Jim Waters, CEO of Foresight Information Services, which provides risk mitigation and transaction verification data to mortgage reseller and banking clients via the RealtyTrac API. "It's a pleasure to do business with people who are easy to do business with. RealtyTrac delivers simple changes and complex solutions without having to beg for attention."

Foresight recently moved more of its business to the RealtyTrac API from another provider because of RealtyTrac's high level of customer service and willingness to adapt to what Foresight and its clients needed.

"You guys were able to adapt and overcome instead of you saying, 'Hey you need to do it this way,'" Waters said, adding that the feedback he got from the RealtyTrac team was, "Let us rebuild your stack so it works the way your customers need it rather than 'This is how your customers should use our solution.'"

When asked to compare his customer service experience with other API providers to his customer service experience with the RealtyTrac API, Waters said: "Not even a comparison. It's sitting on the wing of an aircraft versus sitting in first class."

About RealtyTrac

RealtyTrac is a leading provider of comprehensive U.S. housing and property data, including nationwide parcel-level records. Detailed data attributes include property characteristics, tax assessor data, sales and mortgage deed records, distressed data, including default, foreclosure and auctions status, and Automated Valuation Models (AVMs). Sourced from RealtyTrac subsidiary Homefacts.com, the company's proprietary national neighborhood-level database includes more than 50 key local and neighborhood level dynamics for residential properties, providing unrivaled pre-diligence capabilities and a parcel risk database for portfolio analysis. RealtyTrac's data is widely viewed as the industry standard and, as such, is relied upon by real estate professionals and service providers, marketers and financial institutions, as well as the Federal Reserve, U.S. Treasury Department, HUD, state housing and banking departments, investment funds and tens of millions of consumers. In January 2016, RealtyTrac announced the beta launch of its new consumer focused, mobile first, property report website, HomeDisclosure.com, which provides real estate consumers and professionals alike, detailed pre-diligence data for nearly 120 million U.S. homes.

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