The need to know more about at-risk loans within mortgage portfolios has inspired new technology solutions like the i-Series™ feature from Integrated Asset Services, which
is described as a due diligence platform that allows clients the ability to more accurately evaluate the risk of acquiring or selling certain pools of loans.
i-Series offers IAS’s valuation services through its national network of “licensed brokers and appraisers combined with its new iAVM™ and iMVI™ technology.”
“As a whole, our industry is facing market volatility and risk we haven’t seen in decades; with 4.84-percent of all mortgages being delinquent, 1.3 million foreclosures predicted this year, inventories surging and few qualified buyers,” said David McCarthy, president and chief executive officer of IAS. “However, one must get to the neighborhood level to find the truth; and certain neighborhoods are maintaining and even gaining value while others are in a state of rapid decline. With i-Series, our clients have the advantage of drilling down to each subject property’s unique neighborhood for current, accurate, and verifiable data related to conditions that affect its specific value and risk.”
Clients who use the tool have the opportunity to view a complete i-Service report, which offers everything from market risk and subject value to the opinions from local experts.
Author: Kerri Panchuk
• Date: 06/24/2007