Recent Enhancements

May 22nd, 2008

Dashed House Number Search

RealQuest Pro now supports Subject Search capabilities for a house number that contains a dash and/or a letter. This enhancement is available in the Address, Advanced Address, Range search, and APN search options.

• Address and Advanced Address Searches

  RealQuest Pro now returns a single property treating the address as a standard house number. Simply enter an address containing a dash and/or letter in either Address or Advanced Address search as well as the correct City, State or Zip Code to retrieve your subject property.



• Range Search

  The new Range Search feature makes it easy to locate subject property(ies) on a street when the exact house number is unknown. The Range search allows users to enter starting and ending house number ranges as well as the correct City, State or Zip Code to complete their search.



• APN Search

  The APN Subject Search option now includes the ability to specify the search with an Alternate APN number.

Retro dates now available

When choosing to run an AVM with a different valuation date for the same property, a new report will be generated. Now available in PASS, PowerBASE and HPA.

Mapping Improvements

Microsoft Virtual Earth v6.0 has been applied to all mapping components and provides the ability to perform cross street searches. Example: User submitted entry of 4th Street and Main Street with the correct City, State or Zip Code will navigate the map to that specified area.

Improved Usability and Messaging

Searching has been simplified through consistent messaging, design, and workflow.

• Verify your search criterion which is now displayed at the top of search pages.
• Refine searches quickly by selecting an option from the suggested list (i.e. “City”)
• Choose a property from the suggested list or use the “Start New Search” feature which retains your initial search criteria for review/refinement.

December 20th, 2007

ValuePoint 4 Default™ Valuation Tool

ValuePoint 4 Default™ is a new valuation tool which provides a more accurate representation, than existing automated valuation models (AVM's), for home values that are declining at a rapid rate due to economic conditions. 

• Available within the report options of Subject Search, in the Foreclosure Solutions section
• Less expensive and more timely than a BPO
• An essential workflow tool for early-stage delinquency valuations

ValuePoint 4 Default™ white paper
ValuePoint 4 Default™ sales sheet

Retro Valuations

Retroactive valuations are now available for the following automated valuation models (AVM's) in RealQuest Pro: PASS, PowerBASE and HPA.  This functionality was previously only available for ValuePoint 4.

• Access an AVM for a previous date
• Understand how property values have changed over time

Co-op Data

In New York City, 85 % of all apartments available for purchase are in 'co-operative' buildings.  This information has been traditionally difficult to acquire because property data was only available on the main building and not the individual apartments. 

RealQuest Pro now provides detailed property information on approximately 25% (and growing) of all co-op apartments in New York City.

October 25th, 2007

New Smart Search Retrieval feature
Returns a suggested Property List to dramatically increase hit rates in RealQuest.

• When the standard address search fails (formerly a "No Records Found" message would display), the Smart Search Retrieval executes and a relevant list of suggested properties is returned.
• Save time by not having to re-enter your search, when an incorrect address is accidentally entered.
• Quickly select your requested property from a list of potential candidates or simply refine your search, if you prefer.
• The Smart Search Retrieval feature has been tested and initial results suggest that relevant results will be returned 50% more often.

July 17th, 2007

Announcing On Demand Abstractor Service
Unable to find the document you require? Use our on demand abstractor service.

• Obtain a variety of documents including grant deeds, trust deeds, foreclosures, power of attorney, liens, assignments, releases or UCC using our network of expert field abstractors
• Receive email notification when your document is available for downloading

All this now conveniently available in RealQuest!

LoanSafe®

• Provides an integrated analysis of the borrower, broker and collateral in one step saving time and providing a full view of loan risk and potential fraud.
• Risk score quickly identifies high-risk loans.
• Proven ability to predict early payment default, loss severity and collateral risk.
• Used by top lenders and secondary market investors.

Report Archive Retrieval

• Report archives are easily accessible for previously ran IncomePro or LoanSafe reports.

For more information or to add these reports to your subscription, please call 1-800-345-7334.

April 19th, 2007

Announcing New Fraud Tools
IncomePro from CoreLogic.

• This is a real-time, integrated income validation tool that provides lenders a fast, effective way to establish the soundness of a borrower's stated income.
• Combines the power of three industry-leading salary databases.
• Provides a more predictive and reasonableness test than any solution available, allowing lenders to get straight to the truth in income.
• Analyzes the rational progression of a borrower's salary, taking into consideration the pattern of employment and occupation - combined with neighborhood income averages - to determine predictable salary growth and establish the borrower's repayment capacity.

Announcing Forecasted Standard Deviation

• Forecasted Standard Deviation (FSD Score) is a new approach to valuation confidence that will be provided in addition to the AVM confidence score provided on FACL AVM report. FSD will be available for VP4, PowerBase, PASS, and HPA automated valuation models.
• FSD enables customers to make accuracy comparisons across FACL AVM brands and HVE.
  
  

We've enhanced our Comp Report to help you manage your internal processes.

Configure Comparable Criteria

• Modify Subject Living Area- the user can now modify or correct the subject property square footage
• The number of months back will now auto-populate with a date range-no more alerts!
• Edit and use "wild-cards" for searching in Geographic Options.
• Option to display search criteria at the top of the Comp Report.
  
  

Property List Report is enhanced to provide an option to choose how many records per page. (10, 25, 50, 100)

The file extension for exporting records will be able to be set to .txt file as well as the current .csv format.

Improved Foreclosure search with 2 new doc types Notice of Sheriff Sale and Notice of Foreclosure added for enhanced coverage.

AVM Cascade Archive Report Retrieval is now an available option to retrieve previously ran Custom or Accuracy AVM Cascade reports.

February 13th, 2007

We've enhanced our Map-Based Subject Search to help you quickly locate your subject property or specified homeowner:

• At-a-glance view of 100 closest candidates matching a property address, owner or APN
• Purchase reports directly from the map interface saving you valuable time
• Helpful hints to increase the likelihood of finding your subject property
  
  

The RQ Maps search page has added more search filters to choose from. Additional filters include:

• Basement Area
• Land Use (Numeric)
• Map Reference
• Parking Space
• Seller Name
• Site City
• Site Unit/Apt #
• Site Zip Code
• Subdivision
• Township-Range-Section
• Tract (CA only)
• Units (Total)
  
  

For more information, please call 1-800-345-7334.

December 21st, 2006

First American CoreLogic is pleased to provide a Subject Search Upgrade:
We have upgraded RealQuest Subject Search to give you more choices about how you can search properties. You now have the option to search for properties via our new Map-Based Search or through our Classic Text-Based Search.

Map-Based Search

Take advantage of our dynamic Map-Based Subject Search option to quickly locate properties:

• Search for a property or group of properties by using an address, or simply by entering the city, state or zip code.
• Navigate a neighborhood by clicking directly on the interactive map interface and instantly verify ownership and address information through assessor parcel boundary overlays* and convenient pop-ups.
  
  

*Assessor parcel boundary overlays available in select counties only.
For more information, please call 1-800-345-7334.

October 17th, 2006

First American CoreLogic is pleased to provide the following upgrades:

Street Map Plus Report:

• Interactive Street and Aerial Map interface with minimized screen refreshes and a "tiling" map display
• Aerial Map overlay included in your Street Map Plus Report for no additional charge
• Quickly view lot boundaries compared to relative parcels in the area including vacant land, parks, schools, and other points of interest (select counties)
  
  

Parcel Map Viewer Update:

• The First American parcel map viewer software has been updated. Please download the ActiveX control when prompted. Follow these steps:

Note: IE default settings will show a pop-up blocker message and information bar.

• Right-click on the Internet Explorer yellow information bar.
• Select 'Installation Blocked' and then 'Install the ActiveX Control'.
• Select to install the First American map viewer.
  
  

For more information or to add the Street Map Plus or Parcel Map Report to your subscription, please call 1-800-345-7334.

September 12th, 2006

First American CoreLogic is pleased to announce these new features in RealQuest:

RQ Maps lets you click on a property to get an at-a-glance view of ownership and property address information (select counties)

• Link directly to best-in-class property characteristics, ownership and last sales information via the Property Detail report
• Quickly view lot boundaries compared to relative parcels in the area including vacant land, parks, schools, and other points of interest
• Research vacant land and other development opportunities through an aerial and street map search interface
  
  

For more information or to add any of these features to your subscription, please call 1-800-345-7334.

August 2nd, 2006

First American CoreLogic is pleased to announce the following changes in RealQuest:

LoanIQ™ model updates:

• Loan IQ is a predictive model which scores loans for the likelihood of default using collateral characteristics. Loan IQ has now established advanced analytics to establish the quantitative relationship between Collateral Valuation and Default Risk. Loan IQ generates a loan-level probablity of default used by holders of mortgage risk to mitigate potential losses due to collateral overvaluation.
  
• Score interpretation:
• Old - Score is a quantitative indication of collateral risk.
• New - is the probability of early payment default based on the subject property's collateral characteristics.
• Score segmentation changed:

• Old - Unsatisfactory: 0-499. Marginal: 500-549. Satisfactory: 550-1000
• New - Unsatisfactory: 0-159. Marginal: 160-399. Satisfactory: 400-1000
  
  

Retirement of ValuePoint and ValuePoint Plus automated valuation models:

• Customers who used the ValuePoint or ValuePoint Plus AVM have been automatically upgraded to our ValuePoint®4 AVM.
• ValuePoint®4 offers many superior features, such as:
  • Improved accuracy and increased hit rate
  • Combines site data from appraisers, historical appraised values from multiple sources and local MLS providers
  • Supports OCC compliance
  • Retro-valuation capability
  • Flip indicators
  • Valuation score directly correlates to accuracy

March 22nd, 2006

First American CoreLogic is pleased to announce these new features in RealQuest:

Spanish Reports:

• Consumer-friendly marketing tools (individual reports and report packages) provided for our Spanish-speaking consumers
• Toggle to Spanish language field names via select RealQuest® reports
• Set "Preferences" one-time to view Spanish reports for all subsequent report retrievals in Realquest®
• Translated reports include: Property Detail, Comparables, Street and Aerial Maps, Transaction History, Flood Map, Legal & Vesting with Transaction History, Neighborhood Information, ValuePoint®4
  
  

Real Info, Inc. i-Val™: Access to an additional AVM for your business needs

• Configure your own AVM cascade at an individual county level
• Access i-Val™ via a stand-alone AVM request

To include i-Val™ in your subscription, please call 1-800-345-7334

February 7 th, 2006

First American CoreLogic is pleased to announce these new features in RealQuest:

• Insured LoanIQ™- Faster loan processing, greater protection against risk
  • LoanIQ™ - An insurance option provides protection from an A+ carrier.
• Document Image Enhancements
  • Additional counties now available to meet your business needs
  • More targeted search criteria to locate the document you are looking for
    
• A more robust Street Map search
  • Now you can download up to 10,000 records per search in this powerful, map based search
    
    

For more information or to include any of these features in your subscription, please call 1-800-345-7334

October 18th, 2005

First American CoreLogic is proud to announce the following new features:

• Mapping Solutions quickly identifies prospects and speeds research time through an easy-to-use street & aerial map interface
• Filter your lists and prospects by key property characteristics, recent sales or loan specifics
• Link directly to multiple reports including document images, transaction history details and foreclosure information
  
• The Qualified AVM Program reduces exposure to re-purchase risk through an optimal property evaluation tool
• Time-tested methodologies on best-in-class methodologies
• Pre-defined rules for AVM use
  
• Enhanced home page provides easy links to training services, product information, and live chat features for real-time answers to your questions
  
  

For more information or to add any of these features to your subscription, please call 1-800-345-7334.

August 30th, 2005

We've enhanced Vector™ to help you manage your underwriting rules no matter how simplex or complex they may be:

• Upgrades to our "Accuracy Optimization" package developed by First American CoreLogic
• Configure your own AVM cascade at an individual county level
• Access to an additional AVM: AVMax®
  
  

To include AVMax® in your subscription, please call 1-800-345-7334

July 26th, 2005

First American CoreLogic is pleased to announce these new features in RealQuest:

• Quickly identify prospects through an easy-to-use street & aerial map interface
  
• Customize your search and find properties by drawing any shape/polygon
• Locate properties by their proximity to area schools, freeways and points of interests
  
  

To include this feature in your subscription, please call 1-800-345-7334

• Expanded export options for your subject search detail and comparable report.
• A Preference option to disable the display of the comparable "summary statistics" information.
• You have questions? Need help? We've added a live chat feature to get you answers real-time.
  
  

To include the map search feature in your subscription, please call 1-800-345-7334

June 14th, 2005

RealQuest is pleased to offer two new features designed for your business needs:

• Enhanced comparables report with interactive statistics:
• High, low, and average statistics on key data elements customized based on your knowledge and expertise of the regional area
  
• Quickly visualize and justify appropriate comparables through summary statistics:
  • Sale Price
  • Year Built
  • Lot Area
  • Square Footage
    
• Enhanced administrative options:
• Standardize export/download formats for your field representatives by using the administrative module to not only create but share download formats
• Avoid costly set-up time and decrease potential inaccuracies through a standardized export format created and modified by a single point of contact or office manager
  
  

To include the administrative module in your subscription, please call 1-800-345-7334

April 26th, 2005

We heard you! Based on your feedback, including suggestions made in the "Rate RealQuest" survey, the following features are now available:

• Extended the time before your session is logged out due to inactivity.
• Comparable feature improvements:
  • New Geographic Search Option to choose "Same Map Page & Grid" as the subject property.
  • New fields to select in the "Configure Display fields" option from the Comparable Summary page: Map Page & Grid, Document Number, Price per Sqft, Total Rooms, and Site Influence.
  • The Vertical Column report format now displays the "Price per Sqft" information.
• A new Custom Search tool to find properties by "Neighborhood Code" has been added. The Neighborhood Code information displays on the "2-Page Property Detail Report".
  
  

March 25th, 2005:

First American CoreLogic is pleased to announce new features in RealQuest. To include these features in your subscription, please call 1-800-345-7334

• LoanIQ™
  • The new standard that allows lenders to instantly determine loan integrity and quality for one loan or thousands
  • Comprehensive report with a fraud likelihood score, market risk score, sale history, map, aerial photos, and comparable sales
  • The report will also alert the user to double escrows, manufactured homes, and foreclosures in the area
  • Considers more predictors of fraud than any other fraud-scoring tool on the market today
• SafeCheck™ Report from Sysdome (available to lenders only)
  • Social Security Number verification tool that protects assets by early detection and prevention of falsified application information
  • Reduce origination and servicing costs through higher quality loans facilitated by more reliable decision-making tools
  • Avoid costly penalties through proactive notification of whether an applicant or a related entity is named on the OFAC list
• Aerial Map Overlays (free trial has ended)
  • Perform a local area analysis, including:
    • Aerial Map w/ local schools, shopping and traffic patterns
    • Waterways and major points of interest
    • Demographics and regional shopping areas

March 3rd, 2005:

New feature for RealQuest.com users:

• Multiple Property Search
  • Increase your productivity with the return of multiple properties in one easy search.

January 27th, 2005:

First American CoreLogic is excited to offer additional AVMS in RealQuest:

• ValueWizard
  • Based on traditional appraisal process, ValueWizard employs geo-statistical formulae to provide a highly accurate property value in over 1,100 counties throughout the U.S.
• CASA
  • Provides accurate, estimated market values powered by a dynamic market-specific database in real-time.

To include these options in your subscription, please call 1-800-345-7334

January 4th, 2005:

First American CoreLogic' (FACL) is excited to offer you a limited time, free trial of our aerial map overlays.

• Easy-to-use navigation between traditional street maps and 3-D aerial map overlays for visual analysis of:
  • Residential subdivisions
  • Commercial properties
  • Vacant land/agricultural sites
• Quickly visualize subject property and area analysis including:
  • Surrounding properties
  • Waterways
  • Access to freeways, highways, toll roads
  • Schools, shopping and traffic patterns

December 7th, 2004:

RealQuest now offers Freddie Mac's Home Value Calibrator® (HVC) report which provides underwriters, QC managers, portfolio managers, and appraisal review departments with an integrated, automated decision support tool to identify potentially overinflated collateral valuations. This enhancement streamlines the loan review process, reduces risk of potential defaults, and reduces operating costs.

To include this option in your subscription, please call 1-800-345-7334.

October 21st, 2004:

First American CoreLogic's Vector™ The ultimate AVM risk management platform standard edition is now available through RealQuest.

Vector™ simplifies the process of using AVMs by providing a configurable, intelligent, and secure platform that allows you to manage AVM use according to your underwriting rules no matter how simple or complex they may be.

Vector provides the following capabilities:

• Ensure the most accurate AVM is utilized by selecting the "Best Accuracy" optimization option from "My Preferences" provided by FACL
• Or choose, to configure your own cascade at the state-level by AVM vendor
• Access to top industry AVM of:
  • ValuePoint®4
  • PASS - Property Analytical and Statistical Summation
  • HPA - Home Price Analyzer
  • PowerBASE 6.0
  • HVE - Home Value Explorer
  • VeroVALUE

To include these options in your subscription, please call 1-800-345-7334.

September 7th, 2004:

We are excited to announce the addition of two new reports on RealQuest.com.

• Foreclosure Report
  • Robust searching capabilities to target potentially undervalued properties involved in a pre-foreclosure event.
• View easy-to-read reports with multiple foreclosure prospects on one sheet.
• Voluntary Lien Report
  • Analyze lien positions and quickly understand a property's financial situation through our Voluntary Lien Report.
• Link to associated document images, view flood maps and street maps, and value properties through our best-in-class easy-to-use interface.

To include these options in your subscription, please call 1-800-345-7334.

June 23rd, 2004:

Now available on RealQuest is the ability to perform the below functions as a system administrator. To include this option in your subscription, please call 1-800-345-7334.

• Automated user maintenance tools: manage usernames and reset passwords.
• Set report permissions and quantity limits at the individual user and contracted geographic level.
• Access, print and export current and historical usage metrics at the group and individual level.
• Ability to easily load your logo for web site interface and reports.

The ability for all users to view their RealQuest report usage is now available.

Additional Custom Search output options are available, such as saving/retrieving multiple export formats as well as customizing mailing label owner names.

The Price Per Square Foot data element can be customized for calculation from the 'My Preferences' page.

March 24th, 2004:

• RealQuest has ehanced its output options by adding the ability to email and export data from the reports you've selected.
• An additional option to select an expanded two-page Property Detail report has been added in the 'My Preferences' page.
  
  

January 27th, 2004:

The RealQuest parcel map viewer has been enhanced. New features include:

• Resizing the map view to full screen.
• Navigation to the Next and Previous parcel maps within the viewer.
• Browse an index of the map book and page within the viewer.
• Highlight properties on a map.
• Place arrow icons on a map.
• Copy an image to clipboard and paste into other applications.
• Toggle from your selected map to the County Index map.

Customize your output by selecting which data elements to display in your One-Line report or in your Export format.

For searches conducted by Assessor's Parcel Number, help links are now available to view the format of the selected county.

The Custom Search tools of State Land Use, County Land Use, and Municipalities now offer easy table selections.

November 20th, 2003:

A new parcel map viewer unique to RealQuest is now available. Features included are provided for optimizing parcel map usage such as:

• Print a zoomed view
• Zoom in and out
• Rectangle zoom
• Hand pan
• Annotate
• Measure
• Rotate
• Magnified window

October 1st, 2003:

• Flood maps are now accessible with the subject property plotted and full text legends for key flood information.
• Access to parcel maps now available by an index of book and page in addition to current subject and custom searching methods.
  

July 17th, 2003:

• RealQuest® now offers Freddie Mac's Home Value ExplorerSM with coverage in over 2,400 counties. HVE® also returns a confidence score of high, medium or low based on the amount of data available and the quality of that data. HVE® can be ran in the second position after ValuePoint®4 our fourth-generation AVM or the reverse cascade, with ValuePoint®4 valuing any non-hits from HVE® as needed.
• You can now change your password from RealQuest.com from My Preferences.
• Comparables are now available for printing in a vertical URAR format. This option can be selected in My Preferences under Comparable Options.
  
  

May 14th, 2003:

• The already robust and feature rich RealQuest.com now provides even greater flexibility with new custom search capability that includes over 70 keyword criteria related to physical property characteristics, mortgage and sales, ownership status and location. Data output options provide the added benefit of enabling you to export up to 25,000 records in CSV and common mail label formats for the searches that you create.
  

To include Custom Search with export capabilities in your subscription, please call 1-800-345-7334, option 2 to register.