Market Intelligence provides data analytics and insight to identify trends and opportunities
If you had the chance to use technology to increase your odds of success, why wouldn’t you.
Cultivating relationships with real estate agents through tried-and-true techniques remains a valuable pipeline for lenders. However, in today’s market it pays to use data to analyze real estate agent performance metrics.
With each passing year, it seems like transaction timelines are speeding up as the mortgage market accelerates. Therefore, having access to property data encompassing more than 150,000 daily transactions and U.S. mortgages is a wise addition for lenders looking for a comprehensive view of the housing market that is backed by trusted data analytics and insights.
Leveraging Real Estate Data Analytics and Insight to Boost Origination Volume
Lenders can use mortgage business intelligence solutions to track loan sales and find opportunities to strategically build relationships with successful real estate agents and expand their market reach. By using a data-driven approach to building referral networks, lenders can become trusted partners and the preferred choice for borrowers, boosting loan sales and promoting sustainable growth.
Already, over 75% of the market employs tools that connect loan officers with high-performing real estate agents. Using these tools, which give location-intelligent insights about real estate agent trends, can turn current listings into successful loan applications.
However, not all tools are created equal. The different lies in the data. CoreLogic’s Market Intelligence tool has property listing data on 80% of real estate transactions. This allows lenders and loan originators identify and pursue high-quality relationships that can lead to assuming the lion’s share of transactions in local markets.
By intelligently targeting opportunities for collaboration, lenders can set themselves up to tap into a pipeline of qualified leads and boost origination volume.
Plus, lenders who leverage Market Intelligence gain a distinct advantage. With this solution, lenders can effectively align their loan product offerings with specific and targeted demands from the market.
Analyzing Property Data Sets to Ensure Future Success
Getting real-time, accurate insights into trends within the real estate market can help guide lenders toward future success in the property market. The use of sophisticated real estate data analytics can transform raw data into actionable intelligence, allowing lenders to identify emerging threats and opportunities, predict market movements, and fine-tune their origination strategies accordingly.
Although the future is never certain, lenders can position themselves to see and take advantage of opportunities before the competition. From tracking and evaluating real estate agent and loan officer partnerships to using unrivaled data coverage to analyze past trends, current performance, and forecast of future opportunities, Market Intelligence offers lenders the key to develop high-potential referral relationships with top agents, optimize their strategies, and outshine the competition.
Interested in unlocking the power of Market Intelligence? Contact us today to schedule a personalized demo and embark on a journey to mortgage success.