The new, self-service, on-demand, fixed-cost solution, dubbed Total Home Value for Portfolio Monitoring, leverages CoreLogic’s suite of automated valuation models (AVMs).
The company claims its AVMs deliver the highest levels of accuracy, as well as excellent geographic coverage. Valuation hit rates of 97% have been achieved by early client adopters of the new portfolio monitoring solution, CoreLogic says in a release.
Using this new solution, organizations will be able to proactively monitor their entire mortgage portfolio, which, in turn, will help them properly set reserves. Users will also gain insight into changes in mortgage portfolio valuations. The solution will help them to identify trends and risky markets early and better align risk with business policy, the company says.