SAN DIEGO–(BUSINESS WIRE)–
DataQuick®, a provider of advanced real
estate information solutions powered by data, analytics and
decisioning, has expanded its automated valuation model (AVM) offering
to include CA Value, an online residential property valuation service
from Collateral Analytics, which develops real estate analytic products
and tools.
CA Value can be used to support every step of the lending or property
assessment process from origination, underwriting and quality control to
servicing, portfolio review and default management.
“As the uses for AVMs expand from origination to servicing, lenders and
servicers are evaluating a greater number of automated valuation
solutions and providers,” said John Walsh, president of DataQuick. “As a
result, we believed it was important to partner with Collateral
Analytics, adding the highly regarded CA Value product to our collateral
valuations offering.”
With more than 10 years of property data and transaction information for
much of the United States, CA Value generates instantaneous online
reports that provide a value estimate, comparable sales listing,
location map and confidence score of the value estimate as well as
supporting charts and detail on local and regional real estate pricing
trends.
The product will be added to DataQuick’s patented ePolicy™ automated
product selection platform and valuation workflow. The ePolicy platform
is designed to consistently deploy credit policy business rules,
supporting the need for regulatory compliance and better aligning
product usage to loan level risk. Combined with collateral valuations,
ePolicy supports compliance with Interagency Appraisal and Evaluation
Guidelines.
“DataQuick is known for their customer focus and for delivering
information solutions,” said Collateral Analytics CEO Mike Sklarz.
“Incorporating CA Value AVM into DataQuick’s valuations offering offers
Collateral Analytics with immediate distribution to a growing customer
base through a market leader with a capability to develop unique
solutions.”
About Collateral Analytics
Collateral Analytics (CA) develops real estate analytic products and
tools to support financial institutions, institutional and retail
investors, as well as property capital market activities. For more
information, visit www.collateralanalytics.com.
About DataQuick
San Diego-based DataQuick delivers advanced information solutions
powered by higher quality data, innovative analytics and automated
decisioning across a national footprint. The company drives better
decision making and improved profitability for the real estate, mortgage
lending and secondary investor markets. DataQuick’s integrated solutions
include property data and analytics, appraisals and non-appraisal
evaluations, flood determinations, mortgage credit reports, automated
valuation models, automated decisioning software, title insurance and
property information, property research portals and marketing tools. For
more information, visit the company’s website at www.dataquick.com,
on LinkedIn
or on Twitter at @DataQuick.
DataQuick is a Decision Insight Information Group (DIIG) company.
DIIG empowers financial and legal professionals to make better, faster
and more accurate decisions related to the purchasing, conveyance,
insuring and taxing of real estate property and related transactions
throughout the United States, Canada and Europe. For more information on
DIIG, its information solution companies and their risk management and
due diligence solutions, visit
http://decisioninsightgroup.com.
Article source: http://www.huffingtonpost.com/laura-lippstone/san-diegos-little-italy-t_b_809585.html
