Skip to main content

UGC Rolls the Dice

National Mortgage Professional
Nov 14, 2002

First American Pumps Up the ValueMortgagePress.comFirst American Real Estate Solutions, ValuePoint 4, AVM, Connect2Data, MISMO, XML First American Real Estate Solutions has announced the release of ValuePoint 4, an automated valuation model (AVM) which employs proprietary logic and combines multiple statistical approaches with reconciliation stages to ultimately produce an optimized valuation and a statistically-valid confidence score. The program produces property valuations using real-time public record data, site-inspected property characteristic data obtained from appraisal and Multiple Listing Service databases, and historical sales/appraised value information. ValuePoint4 also features logic that analyzes the transaction history of the subject property and every comparable sale, to highlight valuations that incorporate repeated transfers in a limited period of time. With this information, customers can isolate and investigate valuations that may be relying on artificially-inflated market sales data. First American also launched Connect2Data, a full-featured XML solution built on the Mortgage Industry Standards Maintenance Organization's (MISMO) XML standards, and designed to provide mortgage data in a common format. Connect2Data simplifies the transaction process by organizing all transmissions into a common format, allowing developers to incorporate information into operational systems and products. Existing customers will be automatically mapped into the Connect2Data XML platform. For more information, visit www.firstam.com or call (800) 854-3643.
Published
Nov 14, 2002
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021