CoreLogic to Expand Building Permit Database

According to a recent press release, CoreLogic, Inc., a leading global property information, analytics, and data-enabled services provider, announced that its nationwide building permit database has reached over 28 million residential, commercial, and industrial building permits. It also now tracks more than 35 permit types, covering 65 percent of the U.S. residential and commercial market.

CoreLogic combines data from public, contributory, and proprietary sources includes over 3.5 billion records spanning more than 40 years, according to the company. It provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk, and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector

The building permit database provides users with access to comprehensive improvement data in a standardized format, according to CoreLogic. The database also uses industry norms for property identification such as, assessor parcel numbers (APN) and standard addresses and latitude/longitude to easily link to other CoreLogic property and mortgage datasets. This form of integration allows users to gain visibility into all relevant properties and transaction details related to a specific building permit or property improvement.

CoreLogic says that the database along with all of the linkage throughout it gives appraisers, direct marketers, homebuyers, lenders, realtors, property insurers, servicers, and secondary market participants’ property intelligence necessary to assess risk and opportunity to a variety of industry stakeholders.

“Building permit data can provide critical insights into a variety of purchasing, marketing, financial, and risk decisions,” said Randy Wussler, VP, product general manager at CoreLogic. “Our database and standardized reporting makes accessing and consuming the information easier. It can also be validated and enhanced by integrating with other public property data to deliver customized solutions.”