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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
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