Using behavioral property settlement data to develop market indices
DataHex and data science, automated cloud index delivery
Challenge
A market-first index, from settlement behavior
PEXA, a world-first digital property settlement platform, wanted to provide the mortgage industry greater insight through a Refinance Index, helping lenders, securitization holders, and government agencies understand trends, benchmark market share, and spot emerging risks, and to license a unique market-insight data product.
Solution
An automated cloud index, in the PEXA portal
RoZetta’s data scientists used behavioral data to build a residential refinance index by geographic market, designed, developed, and delivered through an automated cloud solution with monthly updates at all levels of geography: national, state, metro and regional, and local.
The index is integrated into the PEXA web portal, tracking refinance value and volume historically with comparison across geographies.
What DataHex delivered
- A residential refinance index Built by RoZetta data scientists from behavioral settlement data, by geographic market.
- Automated cloud delivery Monthly updates at national, state, metro and regional, and local level.
- Integrated into the PEXA web portal Tracking refinance value and volume historically, with comparison across geographies.
Results
A new revenue line from data already held
- Accelerated speed to market for the index
- Benchmarking of mortgage portfolio changes against the market
- Visibility of underlying portfolio risks
- A new revenue opportunity from PEXA’s property data
- A foundation for future indices
- A market first in quantitative time-series trends at all levels of geography
Talk to us
Ready to build your own data marketplace?
We will walk your team through what a launch looks like, from catalog and licensing to delivery and managed service.