Artificial intelligence combined with easy-to-use APIs (applicant programming interfaces) and big data have jettisoned the real estate industry into the digital universe. PropTech startups and data portals serve almost every need of real estate professionals, investors, lenders, and insurers.
ATTOM delivers custom real estate data and analytics to its clients. Its extensive range of property data — from property characteristics to geo local environmental risk data — make it a leading player in the real estate data market. This article looks at ten of ATTOM’s unique real estate data solutions and the industry professionals it serves.
10 Solutions from ATTOM that You Need to Know About
Every real estate portal has its unique features. Zillow boasts close to 20 APIs, among them a home loan functionality and a portal where landlords can find and screen potential renters. Homesage.ai runs computer vision models on all new listings in the US with property condition assessments. Google Maps is a tenured leader in geocoding, region localization, and real estate data mapping.
ATTOM’s differentiation is grounded in its wealth of real estate-related data, covering over 155 million U.S. properties and 99% of the U.S. population. Those data include ownership details, tax assessments, valuations, sales histories, climate and risk data, and property characteristics.
Here are 10 highlights of what you will find on ATTOM’s portal and how your industry is advancing thanks to these cutting-edge data products.
- AI-Ready Solutions
ATTOM incorporates its data in machine-learning models. For example, its automated valuation model (AVM) uses precision algorithms and other factors to value properties accurately. These valuations are used for business analytics and property assessment integral to the work of investors, appraisers, lenders, and insurers. ATTOM also offers their AI-ready solutions in multiple formats: APIs, bulk data licensing, cloud storage, and tailored property reports depending on the user’s needs.
- Property Navigator
Buyers and investors expect real estate agents to provide glossy and data-rich property reports instantly, often from a mobile device. ATTOM’s Property Navigator delivers print-ready reports that include property details, AVM valuations, ownership information, distressed property data, tax assessment, sales and mortgage histories, neighborhood and climate data, market analyses and more. Real estate professionals and investors can conduct map-based searches and create at-a-glance visuals with layered data to meet clients’ information needs.
- Neighborhood Navigator
Like Property Navigator, ATTOM’s Neighborhood Navigator is a comprehensive tool that provides detailed and hyperlocal data on neighborhoods and communities. Users can access neighborhood and community data points like demographics, school data, amenities, environmental data, crime statistics, and economic data at the zip code, city, and neighborhood levels. This type of information is particularly sought after by potential property buyers.
This tool is tailor-made for real estate agents and brokers because it can be easily integrated into existing websites as an iFrame or used as a standalone tool with custom branding. Agents and brokers can also use it on their own portals for direct visitors’ access.
- Automated Valuation Model (AVM)
ATTOM’s Automated Valuation Model (AVM) is an AI-ready solution for estimating the value of real estate properties. AVMs combine mathematical modeling with property and real estate market trends to calculate a property’s estimated market value. While AVMs are considered accurate, a physical inspection may still be required to meet appraisal compliance regulations. Still, this tool provides a science-based initial valuation for property appraisers and reduces the risk for investors, lenders, and insurers.
- Rental AVM
The Rental AVM, like the AVM, uses extensive data and advanced algorithms to provide accurate and timely estimates for potential rental rates and price estimates for properties. This model is particularly useful for landlords, property managers, investors, and financial institutions involved in the rental market. The rental AVM includes market trends and comparable rental properties and prices in its calculations.
- Transactions and Mortgage Data
Property lenders, investors, real estate professionals, and analysts seek historical data on past transactions, such as mortgages, sales, and foreclosures, for risk assessment. ATTOMs transactions and mortgage data include deed records, property characteristics, and geographic data, such as local neighborhood and amenity data. Mortgage data specifically show loan amounts, interest rates (fixed or adjustable), and loan terms. The more data included in a risk assessment, the better the business decision.
- Hazard Risk
Properties nationwide may be subject to hazards, such as floods, wildfires, earthquakes, hurricanes, tornadoes, hail, and environmental hazards like radon and lead. ATTOM uses historical and scientific data to calculate risk levels so that investors are informed, and insurers can plan for potential property damage and catastrophic events.
ATTOM seeks out the latest data from public records and environmental agencies and aggregates the data to create reliable property reports for risk mitigation. Providing accurate data can reassure investors and buyers that an investment is unlikely to be subject to natural or man-made hazards, or if they are, to take the appropriate steps to secure insurance or re-insurance in the case of insurance providers.
- Climate Data
The subject of climate change is front and center in today’s political and environmental discourse. Rising temperatures are affecting sea levels, which are impacting coastal property developers. Precipitation increases flooding or drought risk, storm intensity, and the risk of wildfires. ATTOM seeks out the latest climate change data from governments and researchers.
- Boundaries
Urban planners and commercial and real estate developers use boundary data to create maps and reports on land use and demographics for planning purposes. These data include boundaries and delineation for properties, neighborhoods, zoning, school districts and catchment areas, voting districts, municipal districts, and census tracts and blocks. These data are used by governments and researchers as well as property professionals.
- Building Footprints
ATTOM’s latest product is Building Footprints. This product uses satellite imagery to map detailed outlines of individual buildings on a property. The data show exact locations, dimensions, building attributes, and land use. These data can be useful in assessing hazard risk. For example, the building footprint might show that a building is close to a hazard like a wooden building or wetlands that could flood. Urban planners, insurers, and emergency response teams can use this critical information.
ATTOM Is Pioneering the Property Data Space
ATTOM is a data platform servicing property-related industries that rely on accurate and accessible property data for business decisions. Real estate professionals, insurers, proptech, home services, marketers, and financial institutions are just a few examples of industries that need property data for their analytics and risk assessments.
Building Footprints is ATTOM’s latest addition to its product range, but ATTOM will continue to develop and deliver cutting-edge and AI-ready data products for its broad user base.
To find out how ATTOM can serve you, contact a representative today!
Written by: ATTOM Team