Residential Property Data Store
Built a centralized AWS-based platform for property comparison and analysis across localities.
Case Study
Smart Property Solutions
First American Financial Corporation is a leading American financial services company specializing in title insurance and settlement services for the real estate and mortgage industries. Data Template partnered with First American to develop a comprehensive Residential Property Data Store, integrate Employment/Income Verification Services, and optimize data extraction from external services. These efforts were aimed at improving operational efficiency, reducing costs, and enhancing the overall customer experience in the real estate industry.
Vision
Building a Residential Property Data Store that would allow realty agents to compare different properties in the same locality against a particular property for better decision-making. Integrating Employment/Income Verification Services provided by industry leaders like Equifax and Veritax to streamline the verification process for their clients and reduce dependency on external third-party services.
The challenge
First American faced challenges in managing and comparing residential property data across multiple locations while relying heavily on external vendors for employment, income verification, and property information services. These dependencies increased operational costs, limited efficiency, and made it difficult for mortgage and realty teams to access the data needed for informed decision-making.
The solution
We developed a centralized residential property data platform that enables realtors to efficiently compare properties within the same locality and access critical property insights. By integrating employment and income verification services directly into existing workflows and reducing reliance on third-party providers, we streamlined operations, improved data accessibility, and significantly lowered recurring costs.
What we did
Verification Services Integration
Integrated Equifax and Veritax services through APIs to streamline employment and income verification.
In-House Data Warehouse
Developed a scalable data warehouse using DynamoDB, MongoDB, and Redshift for centralized data management.
Data Automation & APIs
Automated XML data extraction and built Node.js APIs for seamless system integration and data access.
Key Features
Residential Property Data Store
Centralized repository for locality-based property comparisons.
Employment Verification API
Integrated verification services directly into workflows.
In-House Data Warehouse
Scalable platform for centralized data management.
API Integration
Seamless connectivity across enterprise applications.
The
Impact
1
Cost Savings
Reduced recurring costs by replacing external verification and property data services.
2
Faster Data Access
Enabled quicker access to accurate property information for informed decision-making.
3
Scalable Infrastructure
Established a robust in-house data platform supporting future growth and performance.
4
Improved Integration
Unified verification services through seamless API integration across applications.
5
Operational Efficiency
Automated data processing workflows to improve accuracy and reduce manual effort.