Cooperative Data Corp. - CDC
Cooperative Data Corp., (CDC) is a data service firm providing comprehensive cooperative and condominium project & market information. CDC has the largest cooperative and condominium proprietary database in the country. CDC currently tracks in excess of 10,000 cooperative and condominium projects in Manhattan, the surrounding boroughs, and Westchester County. Through the affiliation with Mitchell, Maxwell & Jackson, the largest condominium and cooperative appraisal firm in the country, records in the CDC database are updated daily. As a result, CDC can provide its clients with a complete profile of current building statistics in a custom-tailored report.
CDC serves the lending community in three important ways:
- Aids In Maintaining Project Approval Lists
- Stores Physical Documentation Used to Evaluate Condo/Coop Equity & Financial Stability
- Consolidates the Information Collection Process, Dramatically Increasing Approval Time
Our document collection service acquires documentation to assist underwriters in the rapid evaluation of the equity side of each transaction. This allows for both a comparison of collected data to a specific appraisal and dramatic increase in the speed in which lenders can obtain the required documentation to meet any regulated representations and warranties.
For more information, please contact Ms. Jackie Carothers at 212.764.3382 x241.
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