New to Purview? Browse these FAQs to find quick answers to common questions.
Click on “Forgot your login? Click here for assistance” to the right of where you’d normally log in, and follow the system prompts. You’ll be able to receive a user ID reminder or password reset via email at the address you provided during registration.
The first time you log in to the new Purview application, you will be prompted to change your password if your old password does not meet the new security requirement. In addition, you will also be prompted to accept the End User License Agreement (EULA). You only have to accept the EULA once.
The End User License Agreement is the terms and conditions for using the product. As part of your subscription to the service, your company has already agreed to these terms and conditions. This window serves as confirmation that you have read and agree to the terms and conditions as outlined in the EULA.
Some new features that have been added to the new Purview include:
For more information on the new features, download the “New Features” document within the resources section.
Yes. To print your report you can:
No. Purview is a web-based application. There is no install requirement.
Purview is a web-based automated valuation and fraud detection service designed for Canadian financial institutions, mortgage lenders, mortgage agents, mortgage brokers, property and title or mortgage insurers.
Based on a proven, precise and accurate Automated Valuation Model, Purview provides Subscribers with a single optimal AVM value based on property location and company risk policies.
Unique to only Purview is its customizability. Subscribers can tailor 14 valuation and 18 fraud check parameters in order to suit their company’s lending policies.
Purview Subscribers have access to property information including ownership, sale history, neighbourhood sales, comparables, and exterior, aerial, and bird’s eye view images.
Through Purview, Subscribers can conveniently access POLARIS Parcel Registers* and Instrument Images* for specific properties within the Province of Ontario.
* An official product of the Ontario government pursuant to provincial land registration statutes.
Purview is designed for Canadian financial institutions, mortgage lenders, mortgage agents, mortgage brokers, property, title or mortgage insurers, and real estate portfolio managers.
Ontario data is updated regularly from The Province of Ontario’s Land Registry Information System (POLARIS), which contains the most current and accurate land information available. Data provided outside of the Province of Ontario is facilitated through agreements with both municipal and city assessment offices and third-party providers.
Purview is currently available in Alberta, British Columbia, Manitoba, Ontario, Quebec, Newfoundland and Nova Scotia (Greater Halifax).
Our services are available across Canada: British Columbia, Alberta, Manitoba, Ontario, Quebec, Newfoundland, and Nova Scotia (Greater Halifax) with the exception of Fraud Check, which currently is only available in Ontario.
In the Province of Ontario, Teranet has exclusive rights to POLARIS data pursuant to an agreement with the Government of Ontario. This exclusivity in turn allows for a data-enriched report. In general, ownership and mortgage information is only available in the Province of Ontario.
Fraud Checks, Sales History Reports, and Neighbourhood Sales Reports are also only available in the Province of Ontario.
Reports are generated in real time and available instantly.
Yes. Purview makes it easy to adjust the Fraud Check and AVM models to reflect your unique lending policies. Account administrators can customize both valuation and fraud models to your specific needs and add value and efficiency to your lending program.
Lenders and insurers can customize each of the 14 valuation parameters and 18 fraud check parameters to suit your company’s lending policies.
By customizing your models, you can tune Purview to address your specific requirements. This unique feature coupled with Purview’s configurable report views allows you to generate reports that zero in on the information that you need to know quickly.
If you are a lender or insurer and have a company that has created any custom Automated Valuation Models (AVM) or Fraud Check (FC) models in the old application, you will still have access to these models in the new application. Please note access to view, edit and adjust models is based on user rights.
Some common reasons for not finding a property are:
In the Province of Ontario, Teranet has exclusive rights to POLARIS data pursuant to an agreement with the Government of Ontario. This exclusivity in turn allows for a data-enriched report including ownership and equity information.
Google is our sole source provider of all street view and aerial imagery in Purview for Lenders. Google compiles information from many sources to bring you the best results, however, there may be instances where an image might not be available, is unclear, or is simply an approximation.
An Automated Valuation Model (AVM) is a mathematically based computer program that produces an estimate of market value of a residential property based on analysis of public record data, property location, market conditions, and real estate characteristics at a specified date.
Typically, the street address of the subject property is entered as input into the AVM system. The system in turn identifies the property, checks its location, size and other key features, and searches its systems database for the best set of comparables or indices to generate a value for the subject property.
Advantages to using an AVM include:
Valuations play a significant role in the lending process by assisting mortgage lending financial institutions throughout different stages within the lifecycle of a mortgage.
There are recommended tests for evaluating residential AVMs. These include:
Automated valuation may be based on one model or the combined outputs of multiple models. The most common types include:
The Purview Report is a real time estimate of the value of the subject property at a user specified date. The Purview Report is a comprehensive report that includes 14 valuation and 18 fraud queries that check for indicators of suspicious activity on the specific property.
The Report provides users with a summary for each applied Valuation and Fraud Check*. In addition, the Report includes the property address, legal description, ownership and mortgage information, neighbourhood statistics, and comparable sales – all enhanced with street view and aerial imagery.
*Fraud Check is only available to lenders and insurers
The Valuation Report is a real-time estimate of the value of the subject Property at a user specified date. The Valuation Report includes 14 configurable valuation queries that control how the estimate is generated. The Report provides users with a summary for each applied Valuation parameter. In addition, the Report includes the property address, legal description, ownership information, neighbourhood statistics, comparable sales, and street view and aerial imagery.
The Fraud Check Report is a real-time fraud check of the subject Property. The Fraud Check Report includes 18 configurable queries that check for indicators of suspicious activity on the specific property. The Report provides users with a summary for each applied Fraud parameter. In addition, the Report includes property address, legal description, ownership information, neighbourhood statistics, comparable sales and street view and aerial imagery. Fraud Check is only available to lenders and insurers.
The Neighbourhood Sales Report enables you to search for comparable sales in a particular area. This report details the sales in the neighbourhood in which the subject property is located. You can perform a search by radius, sales timeframe and price range. Reports also include an aerial view of each comparable property.
The Sales History Report provides a historical view of all the sales on record for that Subject Property. For each sale on the subject property, this report will provide the registration date, sale price, transfer type and party to information (where available).
A record containing property description and list of instruments registered against the property within the Land Registration System of Ontario as of the date of search. A Parcel Register is a real time, up-to-date report for a property.
A Parcel Register is an official product of the Ontario government pursuant to provincial land registration statutes.
Image of a registered document within the Land Registration System of Ontario. Instruments may include liens, mortgages, transfers and condominium declarations, among others. Subscribers to Purview must know the Instrument Number in order to order and view an Instrument Image.
An Instrument Image is an official product of the Ontario government pursuant to provincial land registration statutes.