MDA DataQuick Improves Collateral Valuation Review for Lenders, Servicers

Partnership with Collateral Analytics adds leading AVM and MLS data to DataQuick’s Collateral Validation

SAN DIEGO--(BUSINESS WIRE)-- MDA DataQuick®, a division of MDA Lending Solutions and the nation’s largest independent provider of property data to real estate and mortgage professionals, announced today it has partnered with Honolulu-based Collateral Analytics (CA) to add Value Range AVM to its Collateral Validation solution, a patent pending collateral risk solution that is part of MDA DataQuick’s Collateral Risk Management platform.

The partnership with CA provides users of Collateral Validation a more comprehensive view of the local market that includes active and pending listings, days on market, and other market data, resulting in better reliability of valuation decision made by the users and significantly increasing productivity.

“One of the biggest issues facing originators and servicers today is determining an accurate property value,” said John Walsh, president of MDA DataQuick. “Most firms have defaulted to manual reviews of most, if not all, appraisals and BPO’s. Collateral Validation is a transparent, lender driven, automated solution for valuation review. To give users even more control, we allow them to incorporate third party AVM’s. We believe Value Range will be uniquely valuable to servicers and lenders, because it incorporates the most recent available information and indicators on key factors affecting local markets.”

Collateral Validation automates the valuation reconciliation process, which enables lenders and servicers and regulators to more accurately review individual loans and make better-informed decisions regarding origination, acquisition and default management strategies. The addition of information derived from recent local market activity gives users a more complete picture of a property.

“As technological innovation fundamentally changes the structure of the real estate industry, our partners, investors and clients must have greater and faster access to information and the tools they need to make more informed property investment decisions,” said Dr. Michael Sklarz, president of Collateral Analytics. “The partnership between Collateral Analytics and MDA DataQuick combines the most up-to-date real estate data with a powerful analysis engine and now enriched content to confirm appraisals and forecast future trends.”

Collateral Validation also includes a 30, 60, or 90-day market value forecast of the subject property, which is particularly useful to servicers. The tool utilizes MDA DataQuick’s proprietary Neighborhood Level Housing Price Index (HPI), which collects complete real estate and sales data from across the country. The HPI drills the data down to the ZIP+1, providing lenders with trends and forecasts at the most local level, compared to the industry standard of county-level data.

A full Collateral Validation report includes multiple points of market values, HPI trending and other supporting property information to help automate the valuation review and reconciliation process. By incorporating industry best practices with MDA DataQuick’s property data, lenders can quickly evaluate individual loans and better prioritize and execute their default strategies and scorecard their vendors.

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. As technological innovation fundamentally changes the structure of the real estate industry, CA empowers our partners, investors and clients with greater and faster access to information and the tools they need to make more informed property investment decisions. For more information, visit www.collateralanalytics.com.

About MDA Lending Solutions

Wilmington, Del.-based MDA Lending Solutions provides advanced information solutions that can improve the decision-making and operational performance of customers by reducing the time, cost and risks involved in real estate transactions. The company offerings include MDA DataQuick®, MDA MindBox® and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. For more information, visit http://www.mdasolutions.com/ or call (888) 299-8787.

MDA DataQuick® offers a wide range of information including property history and characteristics, sales and loan information, market valuation and neighborhood information. For more information, visit http://www.dataquick.com/ or call (888) 604-DATA.

MDA MindBox® is a leading provider of advanced decisioning solutions featuring automated rules-based decision technology that optimizes customer interactions and streamlines back-end workflow and business operations for the mortgage lending community. For more information, visit http://www.mindbox.com/ or call (877) 650-MIND.

For MDA DataQuick
Media contactsElizabeth McMillan, APR, 678-781-7224
orDavid Jones, 678-781-7238

Source: MDA DataQuick