LoanLogics Unveils Index-Based Automated Valuation Model – NMP Skip to main content

LoanLogics Unveils Index-Based Automated Valuation Model

NationalMortgageProfessional.com
May 28, 2014

LoanLogics is offering clients an affordable index-based automated valuation model through Home Junction, a provider of real estate and mortgage data, as part of its LoanHD AppQ Network. The result is the availability of Home Junction AVM data through the LoanHD life-of-loan performance management platform, a single source solution designed to gauge and monitor risk in mortgage portfolios. “Our clients now have access to accurate valuations that are affordable enough for them to perform an AVM on every mortgage loan they are originating,” said Don Smith, LoanHD senior product manager for LoanLogics. “We wanted to provide clients with a low-cost option to value properties, while still providing a sophisticated, accurate valuation, and we have done that.” Lenders have the option to rely solely on the valuation from Home Junction, or they can order an additional valuation from multiple other vendors through the LoanHD AppQ Network. “LoanLogics sees this offering as a way to ensure that clients can value the homes in a mortgage transaction with precision. That has always been important, but is of particular importance in the new regulatory environment,” said Smith. “Costs are increasing for many lenders, so it is great to find a way to minimize expenses and still provide a superior service to the mortgage industry.”
Published
May 28, 2014
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