DSNews The homepage of the servicing industry
""eMortgage Logic"":http://www.emortgagelogic.com/ (EML), a national property valuations provider based out of Texas, is taking the guesswork out of determining the neighborhood for the subject property with the release of new proprietary interactive polygon mapping functionality.
[IMAGE]Establishing the specific subject property neighborhood and where the comparables are located in comparison is a fundamental component of the valuations process, according to EML. While specific property attributes are always taken into consideration, values are almost always
[COLUMN_BREAK]foremost influenced by the neighborhood with which they are located, the company explained.
EML's new tool will allow brokers to draw custom polygon shapes to accurately outline the subject's specific neighborhood. The company says this transparency will enhance internal and external quality analysis and will provide clients with the confidence that the comparables are not only similar in characteristics, but also in location.
""We created this functionality because our clients want to know the boundaries and streets of the subject's neighborhood,"" said Hilary Waters, project manager. ""This feature will not only provide a visual map identifying the subject's neighborhood, but will also show the neighborhood in relation to the comparables used in the property valuation.""
Ralph Sells, president and CEO of EML, says the new polygon mapping is just one of many tools the company is developing to assist both its clients and real estate professional partners.
""EML is making substantial investments in resources, tools, and data to enhance our product offerings, providing our clients with a higher level of confidence today and in products to come,"" Sells said.
