Overview
This module provides the foundational data about the properties in your portfolio, focusing on ownership status and foreclosure activity.
Reviewing the property-ownership dashboard
Total Count: The total number of properties in your portfolio.
Property in Association: The number of properties identified as part of a Homeowner’s Association (HOA).
Count by State: A heat map showing the geographic distribution of your properties. Darker shades indicate a higher concentration of properties.
Foreclosure Auction: Shows properties with a foreclosure auction date set at any time, grouped by year.
Beginning Foreclosure: Tracks properties where foreclosure proceedings have been initiated, grouped by the start year. Key document types include:
Lis Pendens: A public notice that the property's title is involved in a lawsuit.
Notice of Default: A formal notice filed by a lender indicating their intent to foreclose.
Property Foreclosure: Displays the most recent foreclosure stage for properties in the process, grouped by the year of the last known action.
Ownership Start: Identifies the ownership start dates for total assets/properties according to the deed recording date, matching the borrower-provided date.
Ownership End: Identifies assets/properties for which recording data suggests the matched borrower’s ownership has ended. The view separates the end of ownership as a result of a foreclosure or non-foreclosure recording.
Owner Occupied: Identifies properties likely to be used as the borrower's primary residence. This helps servicers vet compliance with owner-occupancy clauses in mortgage agreements.
Ownership Match: Compares your borrower information against public ownership records and categorizes the results:
Current Owner is Client Borrower: Your data matches the current owner on record.
Current Owner Associated with Client Borrower: The current owner is linked to your borrower but is not an exact match.
Current Owner not Client Borrower: Your borrower was found, but is no longer the current owner.
Client Borrower Not Found: Your borrower is not found in the property's recordation data.