Explained: Mortgage Data

IMAPP collects Mortgage data from public records via multiple government agencies and data vendors, and ties this data to property records where available. We also collect and integrate mortgage release data, to clear out mortgages from properties when they have been paid off or refinanced. The Mortgage data on a Property Report in located with the sales and deed information, as often a mortgage is associated with a sale. You can usually find a link to the original mortgage recording by clicking on the link in Document Number or Book and Page.

Most of the data on a Mortgage record is keyed in directly from the public record recording for the mortgage. Mortgage rates for mortgages do not actually appear in the recorded documents in some areas and for some mortgage types. In those cases we utilize an estimated mortgage based on prevailing rates, load type, loan term, loan amount, equity amount, lender, etc. These rates are usually reliable, but some individual mortgages may vary.

Notes:

• For Lines-of-Credit, we cannot know the actual balance of the loan. Usually our Loan Amount value in those cases is the for the maximum possible amount, even though it is likely the full line has not been accessed.
• Lender names are entered at the time of mortgage origination. Often mortgages are sold to or serviced by third party companies. We do not normally have access to records of the current owner/servicer of mortgages.
• We do not have access to loan payment information on loans. On some places, we reference an estimated loan balance based solely on the included rate, amount and term, presuming the mortgage holder has made payments as required. We cannot verify actual loan balance or payoff amounts.