DataQuick, RentRange In REO-To-Rental Partnership

Posted by Orb Staff on November 30, 2012 No Comments
Categories : Mortgage Servicing

12836_reo DataQuick, RentRange In REO-To-Rental Partnership San Diego-based DataQuick and Westminster, Colo.-based RentRange have announced a new partnership to offer REO-to-rental and rental valuation intelligence to lenders, servicers and investors.

As part of the partnership, DataQuick customers will be able to access RentRange data as part of a DataQuick National Property Database file license. The company also expects to include RentRange content as part of its RiskFinder suite of portfolio management solutions. Â

‘When evaluating the suitability of a REO to purchase as a rental, the income potential of the property, vacancy rate and local market characteristics are all key metrics to be considered,’ says Walter Charnoff, founder and CEO of RentRange. ‘Our unique dataset provides authoritative, granular and timely rental market intelligence necessary for REO-to-Rental assessment.’

‘History shows us that recovery from every economic downturn our country has faced has been led by the housing market,’ says John Walsh, president of DataQuick. ‘A more traditional recovery stemming from a robust purchase market has not come about as quickly as most would have liked, so alternatives are critical. Maximizing the rental and occupation of REOs serves to benefit renters, lenders, servicers and investors and is a viable, attractive alternative.’

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