Title and settlement data provider DataTrace has announced the release of a new market insights tool.

The Connecticut-based company launched MarketView to provide title companies with instant access to market insights, such as existing market share. This information helps them navigate through the challenges of market fluctuations without having to rely on property sale and mortgage origination reports to identify metrics that drive business growth.

Powered by a network of real estate title plants, tax data and recorded property data,  MarketView enables title firms to search nationwide by state, county, city, and ZIP code.

Additionally, the tool features a customer query engine that gives consumers a look into the title company’s specific areas of interest. MarketView also offers flexible delivery options, including automated report generation via email, allowing users to instantly share key metrics across their organization.

“MarketView equips our clients with critical market intelligence necessary to drive strategic business decisions, adapt to changing conditions and ultimately grow their business,” said Robert Karraa, president of DataTrace. “Our best-in-class reporting helps benchmark competitive positions and identify strategic opportunities and trends in new and existing markets.”