Loqate and InspekTech Partner to Improve Address and Geocoding Accuracy During Inspection Process

InspekTech selects Loqate’s address verification and geocoding cloud solution to verify customer addresses for inspection reports
SAN MATEO, Calif. - May 27, 2014 - PRLog -- Loqate, a leader in international address verification, today announced that InspekTech, a leading residential and commercial inspection company delivering quality, leading edge risk management services, has integrated Loqate’s address verification and geocoding cloud solution into its online web portal to enhance the customer experience during the inspection and reporting process.

InspekTech's web-based client portal uses Loqate's cloud solution to enhance the customers’ experience when placing inspection orders. Loqate’s software helps to pre-fill address form fields with street and city names based on postal code.  Inspection risk addresses are automatically verified to check for correctness and the office is notified if any potential issues are detected so that remedial action can be taken. Previous to the integration of Loqate's cloud service, InspekTech’s billing system determined the region of each inspection using its postal code prefix. However, due to the overlap of some postal prefixes across multiple regions, this required manual supervision and corrections to ensure billing accuracy. Loqate's geocoding service provides InspekTech with a much more precise way to pinpoint the location of an inspection risk, thus helping to streamline the process of automatically billing inspections.

“Collecting accurate address data is an important first step in any customer-facing application,” said Martin Turvey, president and CEO of Loqate. “Loqate’s focus is on providing the high-quality address and geocoding data that the insurance industry relies on for assessing risk. We are proud to partner with InspekTech, which recognizes that address verification can play a vital role in this process.”

“By enabling Loqate’s cloud solution, we obtain a higher level of data quality with Loqate’s address capture, verification and geocoding technologies. This allows for further streamlining and optimization of risk management for our clients – and that’s smart for business,” stated Howie Jones, president, InspekTech.

InspekTech provides inspection services to the insurance and financial marketplace.  Its Total Property Valuation™ and TPC Condition Report™ services provide replacement cost calculations and condition reporting for the insurance industry. Lenders use InspekTech’s Rapid Appraisal Report (RAR)™ to verify conditions of a property for mortgage purposes. Services include an in-person inspection, a full set of property images and a report on the current state of the risk. All products are offered online via a secure website deliverable system.

The Loqate Engine and its components, Address Verify™, Address Powersearch™ and Address Geocode™ provide the ability to provide complete, accurate and in-depth global location information.  Many applications in the areas of Big Data, master data management, customer relationship management, location and market intelligence and customer analytics require the accuracy and intelligence that comes from great address quality. Loqate products are available as on-premises licenses or via the cloud.

About Loqate

Loqate Inc., the definitive source of everything location, can power applications with a combination of address capture, verification and geocoding – all for 240+ countries. Loqate corporate headquarters are in San Mateo, Calif., USA. The company, founded in 2009, sells its products as components that are leveraged by software vendors, service providers and systems integrators. Loqate has a focus on providing great technology along with unparalleled levels of support to clients and partners. The Loqate Engine enables software vendors to significantly enhance the functionality and capability of their own product offerings. For more information, see http://www.loqate.com.

Mary Hain
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Tags:Address Verification, Geocoding, Cloud, Loqate, Inspektech, Data Quality, Risk Management, Inspection
Industry:Internet, Software, Technology
Location:San Mateo - California - United States
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