California Fire Claims Now Available on C&S Marketing's MSA Forecast; Damage Reports from National Disaster Now Accessible to Lenders.Business Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--Nov. 17, 2003 C&S Marketing, a leading provider of property valuation and collateral assessment data for the mortgage lending industry, has recently incorporated data from the southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, fires into their Metropolitan Statistical Analysis (MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. ) Forecast product helping lenders more accurately project future market conditions. MSA Forecast provides survey and other powerful data for 300 metropolitan statistical areas in the nation, covering 800 counties. In this unique report, top real estate professionals from the area report housing trends giving the user a good picture of the market and where it is heading. "Our goal with incorporating this information into MSA Forecast is to quickly help lenders identify the impacted areas so they can respond to those affected customers. Our contribution will be to run a lender's portfolio through this product at no charge," said Kraig Clark, CFO See Chief Financial Officer. and co-founder of C&S Marketing. "These fires have been deemed a disaster by the federal government. Our goal is to provide quick and thorough information that will help speed the recovery process. One way we can do that is through the comprehensive data MSA Forecast." The recent devastation in southern California has critically impacted the demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. of certain ZIP codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. . MSA Forecast is a unique product offered to lenders by C&S Marketing, the product provides a quick glimpse of the current landscape and happenings and will be updated weekly as more information is updated and gathered. MSA Forecast is offered as part of a comprehensive suite of C&S Marketing detection tools that consistently help alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied risk and reduce loss. The forecast data report includes market performance for low to high-priced housing, including a rating on foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. activity and housing demand. In addition, MSA Forecast offers a market price index and ZIP code and county profiles. About C&S Marketing Sacramento, Calif.-based C&S Marketing is committed to providing reliable information and automation services that drive the mortgage lending business. Since 1997, the mortgage industry has relied on C&S Marketing's knowledge and information tools to provide quality control, appraisal review and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. process support. The C&S Marketing family of property information tools provide the data, comprehensive geographic coverage, ease-of-use and accessibility lenders need. For more information about C&S Marketing, visit www.csmarketing.net. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion