""Interthinx"":http://www.interthinx.com/, an Agoura Hills, California-based provider of risk mitigation and regulatory compliance tools for the[IMAGE]
financial services industry, recently announced the release of ValueGUARD, an automated collateral risk solution that the company says will revolutionize the way property, neighborhood, and market area risk can be assessed by lenders and investors.
According to Interthinx, ValueGUARD identifies the potential risk associated with the current value of a property as well as the potential risk of future value deterioration by leveraging decades of company experience in appraisal and sophisticated analytics. In addition, the company said comprehensive sales/listing data, which goes beyond the typical lagging indicators provided by comparable sales, is provided to support and validate ValueGUARD results.
""Based on history and a meltdown none of us will forget, it's important for lenders and investors to reevaluate current collateral risk mitigation processes and embrace innovation,"" said Mark Chapin, chief valuation officer for Interthinx. ""ValueGUARD considers risk associated with the subject, neighborhood, and market -- not just a single value.""
Chapin said only ValueGUARD incorporates multiple listing service data, offers retrospective capabilities, and provides a transparent scoring model. With these developments, the industry no longer needs to accept antiquated collateral risk tools, he said.
Interthinx said its collateral risk solution provides revolutionary analytics within a layout optimized for ease of use. Along with the option of integrating iAVM Plus, a leading automated valuation model, the state-of-the-art ""alert-based and transparent scoring"" streamlines collateral evaluation by identifying high-risk properties and guiding further underwriting processes, the company explained. Additionally, Interthix said this solution enables servicers to gain a better understanding of the valuation risk associated with their portfolios.
""ValueGUARD transforms the collateral risk market,"" said Kevin Coop, president of Interthinx. ""We are expanding our expertise in collateral risk mitigation by offering a critical solution with valuable data and intelligent design.""