The Credit Check for Properties
November 26, 2020You run a credit check on mortgage applicants — but what about the subject property? Just as a credit check […]
Read More about The Credit Check for PropertiesQuickly adapt to market fluctuations and justify your lending decisions with access to objective property, ownership, and mortgage intelligence when and where you need it. Purview For Lenders enables you to process high-quality loans and reduce costs with quick, accurate property valuations and fraud detection tools.
Introduction
Use Purview For Lenders to monitor your risk exposure and strengthen your underwriting decisions with holistic property views, automated valuations, and supporting fraud checks that can quickly identify applications that warrant additional investigation. You can also use Purview to support enhanced portfolio management at the individual property level or throughout your entire portfolio at once. Lenders across Canada are literally using Purview to do more!
Why Do Lenders Use Purview?
Manage overall risk
Enhance mortgage underwriting
Flag problem deals sooner in the administration process
Prevent and identify mortgage fraud
Strategize where to place marketing dollars. Support stronger portfolio management
Identify trends and changes in the market
Who Uses Purview?
Banks
Monolines
Credit Unions and Trust Companies
Mortgage Investment Corporations (MICs)
Financing Companies
Private Lenders and more
Product Features
Property Details - learn legal descriptions, property identification numbers (PIN), property sizes, and more
Homeownership - validate registered owners on title who own a property
Sales History - view the sales history on a property
Property Value - accurately estimate a property’s value using our Automated Valuation Model (AVM)
Registered Mortgages - view registered mortgages on title
Sales Comparables - review the closest relevant comparable sales to the subject property
Fraud - uncover, identify, and prevent fraud deals
Aerial Imagery - virtually view a property and adjacent properties from the sky or street
Other Searches - Parcel Registers and Instrument Images for digging deeper
Other Solutions We Offer to Lenders
- Ontario Mortgage Insights
- PIN Monitoring
- Condo Solutions
- Custom Portfolio Analysis
- Customized Data Solutions
On the Blog
Tips for New Mortgage Agents and Brokers Entering the Mortgage Industry
November 23, 2020Congratulations! You are embarking on an exciting journey in the dynamic mortgage industry. As the mortgage industry in Canada continues […]
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The Strongest Index Rise for a Month of October
November 18, 2020November 18, 2020 In October the Teranet–National Bank National Composite House Price IndexTM was up 1.3% from the previous month, the […]
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