2 blog posts tagged "Property Data API"

If you’re reading this, you already know that real estate risk management is a fickle mistress. One second, you think you’ve figured out the perfect equation to ensure that the property you’re investing in is going to be a sound investment; the next, you’re crunching the numbers, finding new information, and questioning every financial decision you’ve ever made and wondering if you should actually start a career as a dog food taster. Put the spoon of dog food down. You’re doing just fine. Assessing real estate risk before purchasing a condo, apartment complex, brick and mortar location for your next retail adventure, or even when looking to insure said properties, is tricky.

According to a study by AIThority, the mortgage industry hasn't quiiiiiite caught the vision of property data analytics. More than a third of lenders (37%) are what we might call property data dabblers—they've got access to the basics but not much more. Another 36% of mortgage businesses have enough game to conduct descriptive, post-mortem analyses. Still, a mere 3% of companies are found worthy of wielding a property data API for effective prescriptive analytics. For mortgage, repair, and utility companies willing to put in the work, a proper analytics program fueled by address data APIs is a game-changer.