CoreLogic and National Real Estate Form a Strategic Alliance to Offer the Most Reliable Warranted AVM.PITTSBURGH -- CoreLogic, a C & S Company, now offers the industry's most reliable and flexible Warranted AVM AVM 1 Acute viral meningitis, see there 2 Arteriovenous malformation, see there product through a strategic alliance with National Real Estate Information Services See Information Systems. (NREIS). CoreLogic plans to combine the NREIS Warranted AVM with built-in fraud and flip detection through their proprietary HistoryPro product. By combining NREIS Warranted AVM with HistoryPro, CoreLogic's newest AVM offering features maximum flexibility for setting criteria including tolerance for error, loan value and LTV LTV See: Loan-to-value ratio . Additionally, this AVM warranty covers overvaluation o·ver·val·ue tr.v. o·ver·val·ued, o·ver·val·u·ing, o·ver·val·ues To assign too high a value to: overvalued the painting. losses including 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. related expenses. "Combining the full featured flexibility of the NREIS Warranted AVM with HistoryPro creates one of the safest, most comprehensive AVM products in the market today," said David Keller, president of National Mortgage Systems, who worked with NREIS and CoreLogic to bring the two companies together. The HistoryPro analysis tool is an important feature when added to the NREIS Warranted AVM. HistoryPro runs a variety of risk analyses on the property, including potential for fraud or flip, and the program alerts the lender if the risk is considered very high. "National Real Estate offers a strong, flexible Warranted AVM product. When combined with the accuracy of our HistoryPro analysis, lenders can order the most comprehensive and secure valuation available in the market today," stated Kraig Clark, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , CoreLogic. About NREIS For more than 20 years, National Real Estate Information Services (NREIS) has supported residential and commercial real estate transactions through a custom service model, easy-to-use technology, and comprehensive products. National's products and services include title insurance and property reports, real estate appraisals Real estate appraisal An estimate of the value of property using various methods. and alternative valuation products, settlement and closing services, flood, default services, and property preservation. The company web address is www.nreis.com. About CoreLogic Sacramento, Calif. based CoreLogic is the leading provider of collateral risk assessment and fraud prevention solutions to the mortgage industry. Since 1997, the mortgage industry has relied on CoreLogic to enable risk management and workflow process support. For more information about CoreLogic, visit www.cscorelogic.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion