BOSTON—February 13, 2012—Collateral Intelligence has signed with FICO (NYSE:FICO), the leading provider of analytics and decision management technology, to provide valuation and support for FICO’s analytic solution that predicts borrowers at risk of strategically defaulting on their mortgages. Strategic default is the phenomenon whereby borrowers who have the capacity to make their mortgage payments choose…
Read MoreAnother top-tier servicer has awarded CI a contract to conduct reconciliations on BPOs and appraisals. The agreement means that the Servicer will be using CI’s two-step approach to value determination – combining local market valuation/analytics with desktop reconciliations. CI has similar agreements with several of the top five mortgage servicers.
Read MoreCI continued to branch out into valuations for Home Equity Lending with an agreement to provide AVMs, property condition reports and hybrid appraisals for home Equity Lending. CI’s focus is to work with the limited footprints of several clients before launching on a national scale
Read MoreThe new Home Valuation Report (HVR) has been revised to better meet our client’s needs and to further address new federal guidelines that now require home equity lenders to “assess the condition” of the subject property. Clients are moving away from an AVM-only approach to valuations for Home Equity. The HVR comes with an inspection…
Read MoreThe Federal Housing Finance Administration has once again awarded CI a sole source, multi-year contract to provide the FHFA, which oversees Freddie Mac and Fannie Mae, with local market valuations and analytics. CI won the contract after no other competitors were able to provide the same local market analytics that the FHFA required.
Read MoreUsing a combination of local market (MLS) valuation analytics and desktop reconciliations, CI completed a one-year pilot with a government agency that saved over $11 million by identifying high risk BPOs. CI was asked to use its proprietary local market approach to determine the risk of BPOs. The company then performed desktop reconciliations on over…
Read MoreThanks to several top lenders and government agency clients, Collateral Intelligence finished January with its highest volume ever of automated valuations and desktop reconciliations, doubling its volume of one year ago.
Read MoreCollateral Intelligence has signed a contract with a major mortgage insurance company to provide the CA Value AVM to the US based MI company . This is the second contract the company has entered into with MI companies.
Read MoreFor the past four quarters, the CA Value AVM has achieved the top hit rates and quality rankings in recent third party tests that compared our AVM model to its competitors.
Read MoreFor the third quarter of 2010, the CA Value AVM achieved the top hit rates and quality rankings in recent third party tests that compared our AVM model to its competitors.
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