How accurate is RETR's real estate and mortgage data?

At RETR we understand the importance of reliable data, and pride ourselves on offering high levels of accuracy, and providing valuable business intelligence. We constantly work to improve our data collection processes, algorithms, and relationships with county offices to enhance the accuracy and timeliness of the information provided. Our commitment to improving data accuracy remains steadfast, and we encourage users to reach out to us with any further concerns or observations.

At RETR, our data comes primarily in two buckets:

1. Real Estate Transaction Details
2. Loan Details

Usually, you'll see real estate transactions populate in the system very quickly - within 0-3 days from the time the property was listed or closed. Loan information lags behind real estate data as explained below. That's why you'll see the "TBD" and "N/A" labels for loan information next to real estate transactions. 

Reasons for Missing Loan Information and Data Inaccuracies:

1. Data Availability:
   There is typically a 4-6 week delay in obtaining data from county records after settlement, but the data will be updated in our system as soon as it is received. This is usually how long counties take to process records and make that data public for us to source from. In rural counties, this delay may be even longer, especially when physical capture of data is required at the county office. We'll list loans as "TBD" for the first 60 days after a real estate transaction closes. After that, we'll switch it to "N/A" or "not available" until that information is populated, since we're not sure when we will receive that information.
2. Incomplete or Inaccurate Data:
   Sometimes, the data obtained from county records may be incomplete or contain inaccuracies. To address this issue, proprietary algorithms are applied to automatically correct mistakes where possible. Any remaining inconsistencies are manually reviewed and corrected.
3. Limited Access to County Records in Non-Disclosure States:
   In some cases, we may not have access to all county records, which can result in missing loan information, especially in states with non-disclosure laws. If patterns of missing records are observed in a particular county, we appreciate users notifying us so that we can work on improving our relationships and access to data in that specific area.
4. Cash Transactions:
   Loan information may be missing if the transaction was a cash transaction, as there may not be a loan associated with it. (These will show up as "N/A" in our system, but we're working on improving the classification to make it clearer when the transaction was cash only.)
   
   

Regarding Interest Rates:

The interest rates RETR displays are generally estimated, based on PMMS, since this information is not publicly available. RETR makes adjustments to account for other factors like loan term, purchase LTV, etc. We will continue tweaking our algorithms to give you the most reliable estimates we can. If you have accurate interest rates for your transactions, please feel free to hare them with us, as this helps better our estimates to provide closer rates.

NMLS Data & Contact information:

NMLS data, such an employment and license status, is updated on a weekly basis. LO Contact data is currently updated on a quarterly basis, but can be more frequent given data availability.