RealtyTrac announced Wednesday it has entered the tax, deed, and mortgage data licencing business, making it the first new entrant in the business in more than a decade.
While RealtyTrac has long been known for its proprietary foreclosure database of more than 20 million current and historical foreclosure records, the new expansion will offer a nationwide property-level dataset for tax, deed, and mortgage records.
"For nearly 20 years RealtyTrac has been a market leader in B2B and B2C applications for comprehensive real estate data, and we are excited to expand our data footprint and continue our mission of bringing more data to more people," said Jamie Moyle, CEO at RealtyTrac. "We are expanding the horizons in every direction when it comes to leveraging real estate data for personal, business and policy decision-making."
RealtyTrac also hired industry veteran Brian Mushaney to head its rapidly growing file licensing division. Previously with Lender Processing Services for 11 years as SVP of Sales, Mushaney has been in the industry for over 28 years.
"This move marks the first new entrant into data licensing since FNF purchased IDM Corporation in 2001," Mushaney said. "RealtyTrac now offers a third option to Value Added Resellers or licensees in the industry. The main difference is our lack of channel or client-specific conflict with our potential license partners. We look to be a business partner and enable our partners with the data that is the foundation to making smart business decisions."
The new data available for licensing from RealtyTrac include sales transaction data, detailed mortgage activity data, estimated market value data, and property characteristics data. The new data offered complements RealtyTrac's current data offerings.