Freddie Mac has approved Platinum Data Solutions as one of nine authorized distributors of Freddie Mac’s Home Value Suite to mortgage lenders, servicers and other third parties, Platinum Data officials announced.
Freddie Mac’s Home Value Suite includes Home Value Explorer (HVE), an automated valuation model (AVM), and Home Value Calibrator (Calibrator), a quality control tool that analyzes the relationship between key loan information, borrower information and collateral valuation data.
“We’ve been in discussions with Freddie Mac about our AVM calibration and testing program, and I believe our dedication to accuracy and suitability is a key reason they selected us a distributor,” said Phil Huff, CEO of Platinum Data.
Platinum Data is the largest independent reseller of automated valuation models in the country and the premier provider of collateral evaluation and quality technologies for the mortgage industry. As an authorized distributor, Platinum Data can now sell HVE to not only lenders, servicers and other direct users, but also third party resellers. Another distinction of being an authorized distributor is that Platinum Data is now able to provide Calibrator, which was not previously available through the company.
“Quality is very important to Freddie Mac, and Platinum’s OptiVal helps lenders and servicers ensure quality by determining the most suitable AVMs based on location and other risk factors,” added Huff. “With our mutual dedication to quality, this is a great fit.”