Collateral Expert® is a highly advanced, interactive, and automated fraud detection solution that can instantly identify what a subject property was worth at a specific point in time, as well as potential "flips" or fraudulent activities related to a specific property.
Since it’s an address driven valuation review solution, it can be used to analyze estimated market values provided within Evaluation products, as well as appraisals. With just a few clicks to designate criteria, the fully extensible and easily configurable tool scans relevant public records data for traditional indicators of fraud, while providing enhanced insight into the buyer-seller relationship.
This comprehensive solution is used for defense against buy back demands, for appraisal review, quality control and general property review, and provides wide-scale value for lenders, investors, banks, AMCs , and Compliance Agencies.
Collateral Expert® is processed as of the current date and includes interactive mapping capabilities and specific and critical details about:
- Nearby closed, open and pending sales
- Nearby listings
- Neighborhood trends
- County assessor data
- Property occupancy
- Local market trends
- Foreclosure activity
- Subject property market analysis
- Transaction history, including transfer and deed types
Collateral Expert® Retro is processed as of a retrospective date, such as the appraisal date, and provides unmatched retrospective property data. Collateral Expert® Retro includes interactive mapping capabilities and specific and critical details about:
- Past nearby closed and pending sales
- Past nearby listings
- Retrospective neighborhood trends
- Past county assessor data
- Retrospective local market trends
- Past foreclosure activity
- Retrospective transaction history, including transfer and deed types
Collateral Expert® is easy to integrate into any existing platform, providing workflow ease and efficiency while surfacing a robust and transparent view of the subject property and its local market.
Mercury Network acquired Platinum Data in August of 2016. For more details on the acquisition, click here.