Teranet launches competitive intelligence tool for Ontario mortgage market

Teranet Inc., a supplier of authoritative registration services, reliable market data, industry insights, and efficient, powerful software to the real estate community, announced the launch of LendView, a new solution designed to provide competitive mortgage market intelligence to mortgage lenders and financial professionals in the Ontario mortgage market.

In today’s lending environment, visibility into market share and competitive performance is key; until now, this data has been difficult to aggregate and expensive to analyze.

By using the existing market data through the Ontario Land Registry, Teranet offers mortgage lenders and financial professionals a strategic analytics tool that provides insight into performance against the overall market.

LendView addresses the industry’s need for real estate data that articulates competitive positioning, by providing users with dashboard views of mortgage registration data across Ontario’s multiple geographic reporting areas.

John Robinson, VP of Teranet, Commercial Solutions, said:”For the first time, the lending community will have up to the minute market share data to help them make better informed decisions. The LendView platform is intuitive to use and the configurable, visual dashboards  provide clear insights into the mortgage market in Ontario.

“Many of our Financial Services customers have expressed a keen interest in the LendView platform.”

LendView is available under Teranet’s Commercial Solutions Division for the Financial Services Industry.