Home / News / Technology / DataQuick Adds AVM Capability to Collateral Valuation
Print This Post Print This Post

DataQuick Adds AVM Capability to Collateral Valuation

San Diego-based ""DataQuick"":http://www.dataquick.com, an independent provider of real estate information, analysis, and solutions, now offers lenders and servicers access to Home Value Explorer (HVE) through the company's Collateral Validation solution.
[IMAGE] Access to this ""Freddie Mac"":http://www.freddiemac.com automated valuation model (AVM) is part of DataQuick's collateral risk management platform.

""For the last 15 years, Freddie Mac has invested in, updated, and leveraged AVMs as a way to identify loan risk and manage its portfolio,"" said John Walsh, DataQuick president. ""The result of that work and experience is HVE, which is now available through

[COLUMN_BREAK]

Collateral Validation. We continue to offer our customers a growing list of AVMs to meet their changing - and sometimes challenging - valuation needs.""

According to Freddie Mac's Web site, ""In nationwide tests conducted by large wholesale lenders, HVE consistently performs at the top in the areas of coverage, accuracy, and reliability. HVE actually encompasses several models rolled into a single product, for one low cost. When you use HVE you benefit from Freddie Mac's unique proprietary algorithm that blends multiple model estimates returned by the repeat sales model and the hedonic model.""

Collateral Validation, which is now fully XML-enabled, automates the valuation reconciliation process. XML enables lenders, servicers, and regulators to review individual loans and make decisions regarding origination, acquisition, and default management strategies.

It includes a 30-, 60-, or 90-day market value forecast of a property and utilizes DataQuick's proprietary Neighborhood Level Housing Price Index (HPI), which collects complete real estate and sales data from across the country.

A full Collateral Validation report includes multiple points of market values, HPI trending, and other property information.

About Author: Heather Cernoch

x

Check Also

Expert Insights: Maximizing Loss Mitigation Options

Donna Schmidt, Managing Director and Founder of DLS Servicing, discusses the intricacies and difficulties in administering the loss mitigation waterfall.