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Credit Plus launches new valuation tool

RESPA compliance kit now available from Wolters Kluwer

Wolters Kluwer Financial Services has released a tool kit that can help users continued on page 42

NYAMS

New York Appraisal Management Services, Inc.

NYAMS is an Appraisal Management Company that specializes in residential/commercial appraisals covering ALL of New York State Principles and all appraisers are New York State certified HUD approved (as of October 1, 2009 all FHA appraisers must be certified)

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SRA designated principle (25 years experience). G

MAI on Staff (25 years experience) G

First American releases foreclosure database app for iPhone

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HVCC compliant

Approved with most lenders

Coverage of ALL regions of New York State by Local Experts G G G

203K specialists

Cutting edge technology

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CALL TODAY 516-241-1838

O OCTOBER 2009

WWW.NYAMS.COM

OREGON MORTGAGE PROFESSIONAL MAGAZINE

First American CoreLogic, a member of The First American Corporation family of companies has introduced RealQuest Home Value Pro, a free Apple iPhone application that enables individuals to view comprehensive market data on more than 140 million residential properties in the United States. Users of RealQuest Home Value Pro can view property values, foreclosure information and housing trends all from the palm of their hands. Features of RealQuest Home Value Pro, include: estimated home values for a given subject property and neighboring properties; nearby foreclosure data including pre-foreclosures, auctions and real estate owned (REO) properties; graphs of 12-month median home price trends, foreclosure rates and home sales trend activity; interactive maps to view

that require real estate and property data, the National Association of Realtors (NAR) and more than 600,000 real estate agents, more than 15,000 property appraisers, 500plus lending institutions and the national Multiple Listing Service (MLS) network. For more information, visit www.realquest.com/homevaluepro.

www.NationalMortgageProfessional.com O

Credit Plus Inc. has announced the launch of its AVM-Lite product, which allows users to obtain a snapshot of a property’s valuation without having to pay for a full automated valuation model (AVM) report or appraisal. AVMLite provides a property’s estimated value, estimated range and a confidence score within seconds of the request. “In this current housing market, AVMLite is a particularly valuable tool for customers and mortgage lenders alike,” said Steve Grant, president of Credit Plus. “The instant property valuation it provides helps mortgage professionals decide if it is worth moving ahead with a more expensive uniform residential appraisal report.” Credit Plus returns one or more of the best-performing AVM-Lite reports by cascading across six of the industry’s most respected AVM models. This impartial approach greatly increases hit rate and accuracy. AVM-Lite streamlines the property valuation process with an easy-to-use program. Users simply enter a street address and zip code and seconds later, the program generates optimum valuation results. For more information, visit www.creditplus.com.

estimated home values in a neighborhood; and tools that enable real estate agents and homebuyers to save, organize and share properties in real-time. “Our release of RealQuest Home Value

Pro is in anticipation of increasing consumer demand for anywhere, anytime access to the highest quality property information from mobile devices,” said George Livermore, chief executive officer for First American CoreLogic. “This application taps into the same databases and valuation analytics used by real estate and mortgage finance professionals nationally and additionally provides homeowners greater insight into what is often their most important asset.” First American CoreLogic data provided through RealQuest Home Value Pro covers 98 percent of all U.S. zip codes in 3,050 counties, located in all 50 states and the District of Columbia, representing 99 percent of the nation’s population with data on 140 million properties and 50 million active mortgages. First American CoreLogic data is used by all of the U.S. government agencies

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U.S. POSTAGE PAID NMP MEDIA CORP 11431 PRESORTED STANDARD 7 46 OCTOBER 2009 O

orMP_OCT  

U.S. POSTAGE PAID NMP MEDIA CORP 11431 PRESORTED STANDARD 7 46 OCTOBER 2009 O