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Broker Price Opinions (BPOs)

CoreLogic Launches PoolTrack Service for BPOs

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CoreLogic announced that it is adding a new online pool tracking service to all of its data validated broker price opinions (BPOs), providing up-to-the-minute status, broader access and transparency for capital markets and servicing clients.Click to continue

Akcelerant and FirstClose Team Up for New Services

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Akcelerant has announced a partnership with FirstClose where mutual customers will have the ability to order real estate services from nationally recognized vendors directly from the Akcelerant Framework. The Akcelerant Framework’s industry leading collection solution supports integration with best-of-breed service providers to reduce delinquency and streamline processes like bankruptcy and foreclosure.Click to continue

Clear Capital Examines QC and Risk With New ClearQC Offering

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Clear Capital, a provider of data and solutions for commercial and residential real estate asset valuations, has announced the availability of ClearQC, a fully-hosted service to automate the review of broker price opinions (BPOs) and appraisal reports. The system brings new levels of speed and intelligence to the valuation review process, with refined business rules and multiple data perspectives to create the most progressive automated review service available from any vendor. ClearQC finds the “needles in the haystacks” for internal review teams.Click to continue

LPS Releases New AVM and BPO Product

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Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, has announced that its LPS Applied Analytics division has released a new product to provide default servicers with an alternative to broker price opinions (BPOs) for evaluating residential real estate in their portfolios. LPS' Distressed Asset Review will combine the accuracy and consistency of an automated valuation model (AVM) with property condition information.Click to continue

Real Property Insight Chooses Mercury Network for Distressed REOs

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a la mode inc. has announced Real Property Insight has chosen the Mercury Network Vendor Management Platform (VMP) to manage the valuation portion of their new product, the Real Property Insight (RPI) Report. The report gives asset managers, banks, mortgage insurers, investment funds, and their front line staff the information they need to extract maximum return through the best disposition strategy for a particular property.Click to continue

Veros Meets New GSE Requirments With VeroSELECT Platform

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Veros, a provider of collateral valuation technology, enterprise risk management and predictive analytics, has announced that its VeroSELECT valuation management platform is ready to provide lenders with complete capabilities for ordering, managing and delivering their appraisal in compliance with the government-sponsored enterprise (GSE) requirements announced for the the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal (UCDP).Click to continue

Freddie Mac Partners With REO Training Solutions to Provide HomeSteps Broker Training

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Freddie Mac has announced that it has hired REO Training Solutions Inc. to instruct new listing brokers and other vendors on HomeSteps' policies, procedures, business guidelines, and best practices. HomeSteps is the real estate sales unit of Freddie Mac and markets a nationwide selection of Freddie Mac-owned homes.

"REO Training Solutions' has the front-line experience with foreclosure sales to give our new HomeSteps listing brokers the training and insight they will need to excel with today's buyers," says Chris Bowden, vice president of HomeSteps.Click to continue

Veros Adds Appraiser Panel Management Capability With Module for VeroSELECT Platform

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Veros, a provider of collateral valuation technology, enterprise risk management and predictive analytics, has launched Appraiser Panel Management, a functional component within its VeroSELECT platform giving lenders the flexibility to include appraisers from their own approved panels while remaining compliant with Dodd-Frank and FHA appraiser independence rules.Click to continue

Bradford Technologies Enhances Its CompCruncher Appraisal Software

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Bradford Technologies, a provider of valuation tools and solutions for residential appraisers and parent of the AppraisalWorld online community for appraisers, has enhanced its CompCruncher computer-aided appraisal software to produce statistically supported appraisals that now include exterior property inspections.Click to continue