CoreLogic RealQuest - Detailed Review
Real Estate Tools
CoreLogic RealQuest - Product Overview
CoreLogic RealQuest Overview
CoreLogic RealQuest is a comprehensive property and ownership search application that serves as a vital tool in the real estate industry. Here’s a breakdown of its primary function, target audience, and key features:
Primary Function
RealQuest is designed to provide professionals with a 360-degree view of properties, enabling them to make informed decisions. It streamlines research, valuation, and property intelligence by offering accurate and timely information on various aspects of properties.
Target Audience
The primary users of RealQuest include real estate brokers and agents, appraisers, lenders, title companies, and other professionals involved in the housing ecosystem. It is also useful for investors, property managers, and anyone needing detailed property data.
Key Features
Comprehensive Property Data
RealQuest draws from a vast repository of property and related financial data, covering over 150 million properties in more than 3,000 counties. This includes property ownership records, tax assessments, county documents, property characteristics, and lien information.
Search Capabilities
The platform offers advanced search tools such as map searches, parcel map searches, and custom searches. Users can filter properties by specific criteria like geographic location, property type, and other detailed parameters.
Reports and Analytics
RealQuest provides a wide range of reports, including property information, valuation models, mortgage analytics, and neighborhood information. Users can access transaction histories, document images, and automated valuation models (AVMs).
Foreclosure and Market Data
The platform includes data on foreclosures, preforeclosures, homes scheduled for auction, and bank-owned properties. It also offers market trends, nearby comparable sales, and other market intelligence.
Document Access
Users can search for official county records such as deeds, mortgages, liens, releases, and assignments. This feature is particularly useful for lenders and title companies.
Fraud and Risk Management
RealQuest incorporates tools like LoanSafe Fraud Manager and LoanSafe Risk Manager, which help in fraud assessment and risk management for lenders.
Customization and Integration
The platform allows users to personalize their preferences, including search settings, report formats, and comparable search parameters. It also integrates with other CoreLogic solutions and provides extensive data through its Market Portal.
Overall, CoreLogic RealQuest is an indispensable tool for real estate professionals, offering a wealth of detailed and actionable property information to facilitate their work.
CoreLogic RealQuest - User Interface and Experience
User Interface of CoreLogic RealQuest
The user interface of CoreLogic RealQuest is designed to be user-friendly and intuitive, particularly for professionals in the real estate industry. Here are some key aspects of its interface and user experience:
User-Friendly Interface
CoreLogic RealQuest boasts a comprehensive suite of features presented in a clear and accessible manner. The interface is structured to streamline research, valuation, and property intelligence, making it easy for users to find the information they need quickly.
Ease of Use
Users have reported that RealQuest is easy to use, even for those who have been using it for an extended period. The system provides a one-stop access point for all relevant property data, eliminating the need to search multiple sources for information such as legal descriptions, tax assessments, and property characteristics.
Comprehensive Features
The interface includes a wide range of features such as campaign management, email marketing, document management, listing management, and property management. It also offers advanced tools like client/property matching, lead capture, and transaction management. These features are organized in a way that makes it simple for users to manage various aspects of their real estate work from a single platform.
Data Accessibility
RealQuest draws from a vast repository of property and related financial data, covering over 150 million properties in more than 3,000 counties. This extensive database allows users to access detailed property reports, including ownership records, tax assessments, county documents, and demographic information. The system’s in-depth search capabilities enable users to match and append large batches of property, transaction, valuation, and lien details efficiently.
Customer Support and Accuracy
Users have praised RealQuest for its accurate and timely information, as well as its excellent customer service. The system is reliable, and any issues are addressed promptly, ensuring that users can trust the data they receive.
Overall User Experience
The overall user experience is positive, with many users appreciating the system’s ability to solve problems related to missing information and delayed data retrieval. RealQuest’s interface is designed to provide timely market intelligence, making it a valuable tool for making informed decisions in the real estate sector.
Conclusion
In summary, CoreLogic RealQuest offers a user-friendly interface that is easy to use, with a comprehensive set of features and extensive property data, making it a valuable resource for real estate professionals.
CoreLogic RealQuest - Key Features and Functionality
CoreLogic RealQuest Overview
CoreLogic RealQuest is a comprehensive real estate tool that offers a wide range of features and functionalities, making it an invaluable resource for professionals in the real estate, mortgage, and related industries. Here are the main features and how they work:
Search Capabilities
Map Search
Map Search: Users can search properties using an interactive map. This feature includes foreclosure and for-sale flags that appear when the map is zoomed in to at least 600 yards, indicating pre-foreclosures, auctions, REO, and short sales. You can also select the “For Sale” option to view properties listed for sale.
Subject Search
Subject Search: This allows users to search for specific properties or owners by address, owner name, APN (Assessor’s Parcel Number), or tax mailing address. You can input up to 10 addresses, owners, or APNs in a single search.
Custom Search
Custom Search: This is the most comprehensive search tool, enabling users to find properties based on specific criteria such as property type (residential or commercial), geographic location, and other filters. Users can export the search results, print labels, or pull one-line reports and foreclosure activity.
Property Reports and Data
Property Information
Property Information: RealQuest provides detailed property reports that include property characteristics, ownership information, and historical data. Users can view the APN, owner, and CLIP ID for the property, as well as nearby sales and property valuations.
Valuation Models and Mortgage Analytics
Valuation Models and Mortgage Analytics: The platform offers various valuation models and mortgage analytics, helping users assess property values and risk. This includes access to over 200 proprietary analytical models.
Data Export and Reporting
Export Search Results
Export Search Results: Users can export search results into Excel, CSV, or TXT format, and also generate mailing labels. For up to 10 selected properties, users can pull additional property reports through the “Multiple Report Options Summary”.
Report Customization
Report Customization: Users can customize how their reports are displayed, including the format and the number of records to display on the Property List page. This includes options for summary pages, cover pages, and comparable search parameters.
Parcel Map Search
Parcel Map Search
Parcel Map Search: This feature allows users to search a county’s parcel book, download multiple maps at once, annotate the maps, and export them. Users can view up to 50 parcel maps per page and annotate them using tools like highlighters, text boxes, shapes, and freehand markers.
Document Image Search
Document Image Search
Document Image Search: Users can search for official county records such as deeds, mortgages, liens, releases, and assignments. This feature provides access to a vast repository of document images.
AI Integration
AI Image Recognition
AI Image Recognition: While not directly integrated into RealQuest, CoreLogic has partnered with Restb.ai to use AI image recognition technology in other CoreLogic solutions. This technology automatically scans and classifies images for compliance with multiple listing rules, detecting prohibited content such as people, license plates, and contact information. Although this is not a feature of RealQuest itself, it reflects CoreLogic’s broader use of AI in enhancing data quality and compliance.
Personalization
User Preferences
User Preferences: Users can personalize the platform by configuring their preferences within the “My Preferences” section. This includes setting default search pages, mileage parameters, AVM (Automated Valuation Model) options, comparable search parameters, and report display formats.
These features collectively make CoreLogic RealQuest a powerful tool for real estate professionals, providing comprehensive property data, advanced analytics, and efficient search and reporting capabilities.
CoreLogic RealQuest - Performance and Accuracy
Performance
RealQuest is renowned for its comprehensive suite of features and user-friendly interface, which streamlines research, valuation, and property intelligence. Here are some highlights:Extensive Data Coverage
RealQuest draws from the nation’s leading property dataset, covering over 150 million properties in more than 3,000 counties nationwide. This includes detailed information on property ownership records, tax assessments, county documents, property characteristics, and more.Timely Updates
CoreLogic updates millions of property data records daily and processes over 150,000 transactions, ensuring the data is current and accurate.Batch Processing
The platform allows users to match and append property, transaction, valuation, and lien details in batch files up to 20,000 records at a time, which is highly efficient for large-scale data needs.Accuracy
The accuracy of RealQuest is a significant strength:High Accuracy Standards
CoreLogic maintains a 99.5% standard of accuracy for its real estate data, which includes property characteristics, transactions, and geospatial data. This is achieved through comprehensive quality checks and proprietary transformation rules developed over decades.Comprehensive Quality Checks
The data goes through rigorous quality checks throughout the supply chain, from initial acquisition to loading, ensuring the highest level of accuracy.Extensive Data Collection
The platform covers 99.99% of the 152 million U.S. parcels for property characteristics data and actively captures recorded transactions for 99.6% of the parcels, providing a nearly complete view of the U.S. housing market.Limitations and Areas for Improvement
While RealQuest is highly regarded, there are some limitations and areas where it could improve:Cost and Accessibility
The service is only accessible through an expensive subscription with additional charges for certain features, and there are high barriers to entry, including a 12-month commitment and the need to sign up through a live call with a sales representative.Customer Service
There have been reports that the customer service could use some improvement, which might affect user satisfaction.Specific Data Gaps
RealQuest does not provide tax default data, which could be a significant omission for some users.AI Integration
RealQuest benefits from CoreLogic’s AI implementations, such as:Automated Data Monitoring
AI is used to automatically monitor property listings and identify anomalies in market data, enhancing the accuracy and timeliness of the information provided.Conversational AI
While not specifically mentioned in the context of RealQuest, CoreLogic’s use of conversational AI in other products could potentially enhance customer service and user interaction in the future. Overall, RealQuest stands out for its extensive data coverage, high accuracy standards, and efficient performance. However, its high cost and certain data gaps are notable limitations that users should consider. CoreLogic RealQuest - Pricing and Plans
Subscription Plans
CoreLogic’s RealQuest offers several subscription plans, each with varying levels of access to property data and features.
Silver Plan
- Cost: $49 per month
- Features: Access to data on over 1 million foreclosure properties, including preforeclosures, homes scheduled for auction, and bank-owned (REO) properties.
- Reports: One free CoreScore property report per month, with additional reports available for $15 each.
- Additional Information: Includes contact information for homeowners, listing agents, lenders, and trustees, along with comparable listings for similar properties.
Gold Plan
- Cost: $79 per month
- Features: Access to the same information as the Silver plan but for all properties in the RealQuest database, which covers almost every home in America.
- Reports: Two free CoreScore property reports per month, with additional reports available for $15 each.
Platinum Plan
- Cost: $149 per month
- Features: Access to “appraisal quality” data with robust comp filtering, allowing users to choose comparable properties by time, distance, and property characteristics.
- Reports: Three free CoreScore property reports per month, with additional reports available for $15 each.
RealQuest Professional
This is CoreLogic’s flagship product, targeted at real estate professionals such as brokers, agents, appraisers, lenders, and title companies.
- Features: Includes transaction history with links to document images, mortgage analytics, access to aerial maps with overlays, flood maps, property profiles, digital street maps, automated valuation models, and neighborhood information.
- Pricing: The pricing for RealQuest Professional is not explicitly stated in the available sources, but it is generally more comprehensive and likely more expensive than the consumer plans.
RealQuest Express CoreScore Reports
- Cost: After a free seven-day trial, users can subscribe to access various reports.
- Features: Reports include the property owner’s name, street address, lien information, and nearby comparable properties.
Free Options
- Trial: There is a free seven-day trial available for users to test the service before committing to a subscription.
While the specific pricing details for the RealQuest Professional plan are not provided in the sources, the consumer plans offer a clear tiered structure based on the level of access and the number of reports included. For more detailed pricing on the professional plan, it may be necessary to contact CoreLogic directly.
CoreLogic RealQuest - Integration and Compatibility
CoreLogic’s RealQuest Overview
CoreLogic’s RealQuest integrates seamlessly with various tools and platforms, enhancing its utility across different sectors of the real estate and financial industries.
Integration with Other Tools
RealQuest is part of CoreLogic’s comprehensive suite of real estate solutions, which means it can be integrated with several other CoreLogic products. For instance, it incorporates the LoanSafe Suite, which includes Fraud Manager and Risk Manager. These tools help lenders assess fraud risk and manage collateral risk, providing a holistic approach to mortgage risk management.
Additionally, RealQuest can be used in conjunction with Market Portal, which offers the latest MLS listing data, property photos, nearby schools, agent information, and comparable sales data. This integration enriches the user’s experience by providing a broad spectrum of property-related information in one place.
Compatibility Across Platforms and Devices
RealQuest is highly compatible across various platforms and devices. The RealQuest App, for example, is available on iOS devices, allowing real estate and mortgage professionals to access detailed property information, transaction history, and neighborhood sales data while in the field. This mobile accessibility ensures that users can perform searches, validate property values, confirm ownership, and research transaction histories on the go.
The web-based platform of RealQuest is also user-friendly and accessible from desktops and laptops, providing extensive and actionable property information. Users can match and append property, transaction, valuation, and lien details in batch files up to 20,000 records at a time, making it a versatile tool for both office and field use.
Data Integration and Batch Processing
RealQuest’s ability to integrate with large datasets is another significant feature. It can handle batch files of up to 20,000 records, allowing users to match and append various property details efficiently. This capability is particularly useful for professionals who need to process large volumes of property data quickly and accurately.
Conclusion
In summary, RealQuest’s integration with other CoreLogic tools and its compatibility across different devices and platforms make it a powerful and versatile tool for real estate and financial professionals. Its ability to provide comprehensive property data and support batch processing further enhances its utility in the industry.
CoreLogic RealQuest - Customer Support and Resources
CoreLogic RealQuest Customer Support
Customer Support
- For general customer service and technical support, users can contact the Customer Service department Monday through Friday from 5:00 AM to 5:00 PM PST. The phone number is (800) 345-7334, and you can also email them at Support@corelogic.com.
- For specific data-related issues, errors, or questions, users can reach out to the data inquiries team at csdatainquiry.res.ca@corelogic.com.
Sales and New Subscriptions
- If you are ready to sign up as a new RealQuest Professional user or need to add features to your existing subscription, you can contact the Sales Department at (866) 774-3282 or via email at Sales@corelogic.com.
Additional Resources
- User Guides and Documentation: RealQuest provides various user guides and quick reference materials, such as the LoanSafe Risk Manager™ and LoanSafe Fraud Manager™ guides, which help users understand and utilize the different features of the platform.
- Comprehensive Property Data: RealQuest offers extensive property insights, including property ownership records, tax assessments, county documents, property characteristics, voluntary and involuntary liens, and demographic data. This data is accessible through detailed and easy-to-use reports.
- Market Intelligence: Tools like Marketrac provide on-demand data, market share analysis, and performance trends, helping users make informed decisions with timely market intelligence.
- Lead Generation: ListSource is another resource that allows users to create highly targeted homeowner direct marketing lead lists based on property, homeowner, and demographic data.
These resources and support options are designed to ensure that users of CoreLogic RealQuest have the information and assistance they need to effectively use the platform and make informed decisions in the real estate industry.
CoreLogic RealQuest - Pros and Cons
Advantages of CoreLogic RealQuest
CoreLogic RealQuest is a powerful tool in the real estate industry, offering several significant advantages:Comprehensive Data Coverage
RealQuest provides access to a vast database covering over 150 million properties in more than 3,000 counties across the United States. This extensive coverage includes property ownership records, tax assessments, county documents, property characteristics, and demographic data.Data Accuracy and Currency
Users can verify the currency of the data through the “Latest Recording Date,” ensuring that the information is up-to-date and reliable. This feature is particularly valuable for ensuring the accuracy of property research and direct mail campaigns.Versatile Functionality
RealQuest offers a wide array of functionalities, including property research, valuation, and property intelligence. It allows users to match and append property, transaction, valuation, and lien details in batch files up to 20,000 records at a time.User-Friendly Interface
Despite its extensive features, RealQuest has a user-friendly interface that streamlines research and valuation processes, making it easier for professionals to find the information they need.GIS Parcel Mapping
The tool includes GIS parcel mapping data, which is useful for locating properties and conducting detailed property research.Disadvantages of CoreLogic RealQuest
While RealQuest offers many benefits, there are also some significant drawbacks to consider:High Cost
One of the major drawbacks is the high cost associated with using RealQuest. The subscriptions are expensive, with prices starting at around $150 per month for the basic package, and users are required to commit to a 12-month subscription.Subscription Commitment
The requirement for a 12-month commitment can be a significant barrier to entry, especially for smaller businesses or individuals who may not be ready for such a long-term financial commitment.Limited Access to Certain Data
Some users have noted that RealQuest does not provide tax default data, which could be a limitation for certain types of property research.Customer Service
While customer service is available, some users have reported that it could be improved, which might affect the overall user experience.Geographical Variations
Although RealQuest covers a wide geographical area, the comprehensiveness of the data can vary by region, which might impact its utility depending on the user’s location. Overall, CoreLogic RealQuest is a powerful tool for real estate professionals, but its high cost and specific limitations need to be carefully considered before making a decision. CoreLogic RealQuest - Comparison with Competitors
CoreLogic RealQuest
CoreLogic RealQuest is a comprehensive property and ownership search application that provides a 360-degree view of properties. It offers:- Access to a vast repository of property and related financial data, covering over 150 million properties in more than 3,000 counties.
- Detailed reports on property ownership records, tax assessments, county documents, property characteristics, and demographic data.
- Advanced search capabilities and the ability to match and append property, transaction, valuation, and lien details in large batches.
- Integration with other CoreLogic solutions for market intelligence, such as Marketrac and ListSource.
Alternatives and Competitors
DataTree Online
DataTree Online is often cited as a top alternative to CoreLogic RealQuest. It provides property information and recorded land document images, making it a valuable resource for real estate professionals needing detailed property records.PropStream
PropStream is another strong competitor, offering a highly targeted property list generator and customizable marketing tools. It allows users to search thousands of properties using over 100 targeting criteria, providing comprehensive data and context for market insights. PropStream also integrates MLS sales records and county recordings for accurate and current data.BatchLeads
BatchLeads is a comprehensive property intelligence platform that helps generate leads, manage lists, and find on- and off-market deals. It includes advanced search filters based on property characteristics, household demographics, mortgage information, and major life events. BatchLeads also features built-in comp tools, calculators, and exportable reports, making it a versatile tool for real estate professionals.Entrata
Entrata is focused more on property management for the multifamily housing industry but still offers valuable property data and management tools. While it may not be as broadly applicable as RealQuest, it is a strong option for those in the multifamily sector.Crexi
Crexi is a commercial real estate platform that streamlines business operations for professionals in the CRE industry. It offers a marketplace with millions of users and over 500,000 commercial listings, making it ideal for those dealing with commercial properties.Unique Features and Use Cases
- CoreLogic RealQuest: Its strength lies in its comprehensive and integrated data repository, making it ideal for professionals needing detailed property and ownership information across a wide range of properties.
- PropStream: It excels in providing highly targeted marketing tools and accurate, current data from MLS sales records and county recordings, which is beneficial for real estate agents and investors.
- BatchLeads: This platform stands out with its advanced search filters and tools for lead generation, list management, and engagement with property owners, making it a go-to for real estate professionals, lenders, and property service providers.
- DataTree Online: It is particularly useful for those needing access to recorded land document images and detailed property records.
- Crexi: It is the best choice for commercial real estate professionals looking to streamline their business operations and access a large marketplace of commercial listings.
CoreLogic RealQuest - Frequently Asked Questions
Frequently Asked Questions about CoreLogic RealQuest
What is CoreLogic RealQuest?
CoreLogic RealQuest is an industry-leading property and ownership search application designed for professionals in the real estate industry. It provides a comprehensive suite of features and a user-friendly interface to streamline research, valuation, and property intelligence, offering accurate and timely information to make informed decisions.What kind of data does RealQuest provide?
RealQuest draws from one of the largest and most comprehensive repositories of property and related financial data, covering over 150 million properties in more than 3,000 counties nationwide. It includes information on property ownership records, tax assessments, county documents, property characteristics, voluntary and involuntary liens, demographics, and neighborhood characteristics.What are the key features of RealQuest?
RealQuest offers a wide range of features, including:- Property reports that include owner and location information, last and prior sales transactions, site and property characteristics, tax information, and transaction history.
- Automated Valuation Models (AVMs) for home origination and risk management.
- Search tools such as Map Search, Parcel Maps, Foreclosure & For Sale Flags, and Shape Search Tool.
- The ability to customize search parameters, report options, and comparable search criteria.
- Integration with other CoreLogic solutions like LoanSafe Suite for fraud and risk management.
How does RealQuest help in fraud and risk management?
RealQuest incorporates the LoanSafe Suite, which includes Fraud Manager and Risk Manager. These tools provide complete fraud assessment for borrower data, validate loan application information, and identify potential mortgage risks. They offer Fraud Risk Scores, alerts for further investigation, and detailed supporting information on borrowers, properties, and third parties.What is the pricing structure for CoreLogic RealQuest?
The pricing for CoreLogic RealQuest can vary depending on the plan and the number of seats included. The median annual price reported by actual buyers is around $12,000. Additional costs include per-report fees for various services such as Total Home Value reports, Finance History API calls, and Involuntary Lien API calls. For example, the Total Home Value report for consumers costs $0.65 per report, while the Finance History API call costs $2.30 per call.Can I customize my search and report preferences in RealQuest?
Yes, you can personalize the platform within “My Preferences.” This allows you to customize your default settings for searches, AVMs, general report options, comparable search parameters, and how your reports are displayed. You can select your preferred search page, set mileage parameters, and choose which report options to include.What kind of neighborhood and demographic data does RealQuest provide?
RealQuest offers detailed neighborhood and demographic data, including information on local demographics, schools, businesses, and crime statistics. You can research neighborhoods and access data on ownership and occupancy, mortgage age and balance, and other relevant demographic information.How accurate is the data provided by RealQuest?
CoreLogic maintains a high standard of accuracy, with a 99.5% accuracy rate. The company updates millions of property data records daily and processes over 150,000 transactions to ensure the data is comprehensive, current, and accurate. Quality checks are applied throughout the data supply chain to maintain this high level of accuracy.Can I access historical transaction data through RealQuest?
Yes, RealQuest provides access to historical transaction data. You can retrieve information on past sales transactions, property ownership history, and other transactional records for over 90% of homes nationwide.Is RealQuest suitable for various professionals in the real estate industry?
Yes, RealQuest is designed to be useful for a variety of professionals in the real estate industry, including realtors, investors, lenders, and more. It offers tools and insights that can be applied to different aspects of real estate, such as lead generation, property valuation, risk management, and market analysis. CoreLogic RealQuest - Conclusion and Recommendation
Final Assessment of CoreLogic RealQuest
CoreLogic RealQuest is a comprehensive and powerful tool in the real estate industry, particularly for professionals who need detailed and accurate property data. Here’s a breakdown of its key features and who would benefit most from using it.Key Features
Comprehensive Property Data
RealQuest provides a 360-degree view of properties, including ownership records, tax assessments, county documents, property characteristics, and lien information. It covers over 150 million properties across more than 3,000 counties in the U.S.
Advanced Search Capabilities
The platform offers various search tools, including map searches, parcel map searches, and custom searches, allowing users to filter properties based on specific criteria such as location, property type, and other characteristics.
Valuation and Analytics
RealQuest includes advanced valuation models and mortgage analytics, enabling users to assess property values, transaction histories, and market trends accurately.
Integration and Reporting
The tool integrates with other CoreLogic solutions and provides extensive reports on property information, including neighborhood details, sales transactions, and demographic data. Users can also manage and export large batches of data.
Fraud and Risk Management
RealQuest includes tools like LoanSafe Fraud Manager and LoanSafe Risk Manager, which help lenders assess and mitigate mortgage risks and detect potential fraud.
Who Would Benefit Most
Real Estate Agents and Brokers
These professionals can use RealQuest to access detailed property information, market trends, and client data, which is crucial for creating targeted marketing campaigns and advising clients effectively.
Lenders and Mortgage Professionals
The platform’s fraud and risk management tools, along with its comprehensive property data, make it an essential resource for lenders to evaluate loan applications and manage collateral risk.
Property Managers and Investors
RealQuest provides valuable insights into property characteristics, market trends, and financial data, helping property managers and investors make informed decisions about their portfolios.
Local Governments and Researchers
The extensive data on property and demographic characteristics can be beneficial for urban planning, policy development, and research purposes.
Overall Recommendation
CoreLogic RealQuest is highly recommended for any professional in the real estate industry who requires accurate, comprehensive, and timely property data. Its user-friendly interface and extensive features make it an invaluable tool for research, valuation, and risk management. The platform’s ability to integrate with other CoreLogic solutions and provide actionable insights ensures that users can make well-informed decisions.
For those considering RealQuest, it is worth taking advantage of the free demo to see how the platform can specifically address your needs and enhance your workflow. With its rich history of data collection and advanced analytical models, RealQuest stands out as a leading solution in the real estate tools category.