Loan Releases

**Overview**
Loan Releases delivers property transactions that represent a mortgage release for a previously open mortgage, providing additional tracking of property mortgage activity.

When a lender releases a mortgage, this signals the loan balance has been paid. The loan balance can be paid as a result of a loan payoff, a refinance or a property foreclosure.

Loan Releases are used by mortgage lenders, researchers and others to track the life of a loan and provide insight on homeowner mortgage details, lender activity and mortgage history.

Product Attributes:
- Release recording date
- Document number
- Subject transaction data (usually deed of trust) to which the release applies

**Use cases**
- **Asset Valuation** - Financial institutions and investors can use Loan Releases data to verify the current status of a property loan. Understanding whether a loan has been released and the mortgage is paid off is crucial for accurate asset valuation.
- **Risk Analysis** - Loan Releases data can be used to assess the risk profile of a property or an individual. A history of successfully paid off mortgages indicates a lower risk profile, which can inform lending decisions and risk management strategies.
- **Customer Acquisition** - Mortgage lenders and financial institutions can use Loan Releases data to identify potential customers. For instance, a recently released loan might indicate a homeowner who has just sold a property and may be looking to finance a new one.
- **Data Quality and Cleansing** - Loan Releases data can be used to improve the quality of existing loan databases. By identifying discrepancies between the existing data and the loan releases data, institutions can correct errors, update outdated information, and ensure overall data accuracy.
- **Regulatory Reporting** - Accurate Loan Releases data is critical for financial institutions to maintain compliance with regulatory reporting requirements. This data can help in providing accurate reporting to regulatory bodies.
- **Market Analysis** - By analyzing Loan Releases data, market analysts and economists can gain insights into trends in the mortgage market. For instance, an increase in loan releases might indicate a robust housing market, while a decrease could suggest economic downturn.

**Product details**
- Datasets represented include RELEASES_V1_VIEW.
- Sample fields include CLIP, FIPS_CODE, UNFORMATTED_APN, RELEASE_RECORDING_DATE, RELEASE_DOCUMENT_TYPE_CODE, SUBJECT_TRANSACTION_RECORDING_DATE and SUBJECT_TRANSACTION_DOCUMENT_NUMBER.