SAN DIEGO, Aug 02, 2012 (BUSINESS WIRE) — DataQuick(R), a provider of advanced real estate information solutions powered by data, analytics and decisioning, has expanded its automated valuation model (AVM) offering to include CA Value, an online residential property valuation service from Collateral Analytics, which develops real estate analytic products and tools.
CA Value can be used to support every step of the lending or property assessment process from origination, underwriting and quality control to servicing, portfolio review and default management.
“As the uses for AVMs expand from origination to servicing, lenders and servicers are evaluating a greater number of automated valuation solutions and providers,” said John Walsh, president of DataQuick. “As a result, we believed it was important to partner with Collateral Analytics, adding the highly regarded CA Value product to our collateral valuations offering.”
With more than 10 years of property data and transaction information for much of the United States, CA Value generates instantaneous online reports that provide a value estimate, comparable sales listing, location map and confidence score of the value estimate as well as supporting charts and detail on local and regional real estate pricing trends.
The product will be added to DataQuick’s patented ePolicy(TM) automated product selection platform and valuation workflow. The ePolicy platform is designed to consistently deploy credit policy business rules, supporting the need for regulatory compliance and better aligning product usage to loan level risk. Combined with collateral valuations, ePolicy supports compliance with Interagency Appraisal and Evaluation Guidelines.
“DataQuick is known for their customer focus and for delivering information solutions,” said Collateral Analytics CEO Mike Sklarz. “Incorporating CA Value AVM into DataQuick’s valuations offering offers Collateral Analytics with immediate distribution to a growing customer base through a market leader with a capability to develop unique solutions.”
About Collateral Analytics
Collateral Analytics (CA) develops real estate analytic products and tools to support financial institutions, institutional and retail investors, as well as property capital market activities. For more information, visit www.collateralanalytics.com .
About DataQuick
San Diego-based DataQuick delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick’s integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, title insurance and property information, property research portals and marketing tools. For more information, visit the company’s website at www.dataquick.com , on LinkedIn or on Twitter at @DataQuick.
DataQuick is a Decision Insight Information Group (DIIG) company. DIIG empowers financial and legal professionals to make better, faster and more accurate decisions related to the purchasing, conveyance, insuring and taxing of real estate property and related transactions throughout the United States, Canada and Europe. For more information on DIIG, its information solution companies and their risk management and due diligence solutions, visit http://decisioninsightgroup.com .
SOURCE: DataQuick