When it comes to property data, the most critical question for lenders is: Can I trust the information I’m being provided?
The benefit to having access to the most authoritative source of truth for Canadian property data is that you can be confident in the data you’re provided through PurView, which can help lenders move faster, reduce risk and lend with more certainty.
The importance of accurate property data
With the increase in fraud within the industry, the need for fast but accurate data is essential throughout the lending lifecycle. Lenders can remain confident in the data they are using through PurView to validate title information, existing charges on the property, and expose inaccuracies in applications before the underwriting process.
Access to land registry data through PurView allows lenders to:
- Mitigate risk: By confirming ownership, existing charges and property details upfront, lenders can identify red flags early in the application process.
- Strengthen compliance: Using the most authoritative property data available can help mitigate risk and ensure compliance, meeting risk requirements.
- Optimize portfolio management: PurView data allows lenders to stay ahead of their portfolios and identify any changes to a property to ensure a more streamline renewal process.
- Move faster with confidence: Having access to this critical data at your fingertips is essential to streamlining business processes. PurView helps speed up the approval process without risking accuracy.
PurView gives lenders direct access to this verified land registry data, all within PurView, for confident decision-making when it comes to the lending lifecycle. In an industry where risk is on the rise, lenders who base their decisions on authoritative land registry data are more likely to protect their portfolios and reputation, strengthen relationships with borrowers and conduct business more efficiently and confidently.
Learn more about how PurView can benefit your business. Connect with one of our PurView account managers or book a demo with one of our experts today.
