Powered by MOMENTUM MEDIA
subscribe to our newsletter

CoreLogic launches property data mining solution

A newly launched product applies machine learning to a wide range of public and proprietary data sets to provide “deeper” property insights.

The US arm of CoreLogic has announced the launch of a new product, called PanoramIQ, which uses a combination of property data sets, a unique property ID, machine learning, and data analytics to generate “deeper, more accurate and complete property insights”.

The property data analytics firm noted that, traditionally, lenders and other mortgage industry professionals are required to compare property information across multiple sources to determine which is correct and reliable.

PanoramIQ, on the other hand, combines data from a range of public and proprietary sources and creates “a single-pane view of a property”, which CoreLogic said allows users to make faster and more timely decisions.

“PanoramIQ uses artificial intelligence to scan multiple sources of data, link the data to a unique property ID, analyse and interpret changes, and updates and uses advanced analytics to identify the most reliable information,” CoreLogic’s announcement states.

Advertisement
Advertisement

“This extensive process enables PanoramIQ to be a more complete, current and compliant view of property data.”

Commenting on the launch of the product in the US market, Shaleen Khatod, executive senior vice president at CoreLogic, noted the importance of having “instant and reliable information on a property” so that mortgage industry players can “identify high-quality leads and make timely and competitive underwriting decisions”.

Sherrie Clevenger, principal of product management at CoreLogic, pointed out that an error in data reporting can lead to poor lending decisions or missed opportunities.

“PanoramIQ is designed to turn data points into sales, change how property data is analysed, and improve decision-making. It’s about changing the way property data is analysed, so we can help lessen the amount of errors and build trust back into the system,” Ms Clevenger added.

*This story was updated on 20 March to reflect that this product is only available in the US market. 

PROMOTED CONTENT


[Related: Length of housing slump approaching historical levels]

CoreLogic launches property data mining solution
Aerial shot of houses
mortgagebusiness

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Reporter

If you have any news, ideas or enquiries for Mortgage Business - please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

Two more major banks have signalled both permanent and partial closures in their branch networks. ...

The corporate regulator has commenced civil proceedings in the Federal Court against credit assistance provider General Commercial Group and...

Sydney’s auction market has remained resilient despite the extended lockdown, returning a preliminary success rate of over 80 per cent, ac...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.