BUFFALO, N.Y./ Feb. 13, 2018 (STLRealEstate.News) — Real Info, Inc. (http://www.real-info.com) has been authorized as the latest distributor of the Freddie Mac Home Value Suite of products, which includes Home Value Explorer® (HVE®) and Home Value Calibrator®. As an approved distributor, Real Info, Inc., can provide AVM services to a broad sector of the mortgage industry via direct connection with Freddie Mac and the ability to offer the products directly to lenders and reseller clients.
HVE is an Automated Valuation Model (AVM) tool that generates an estimate of property value in seconds using Freddie Mac’s unique proprietary algorithm. HVE provides extensive coverage of all 50 states and more than 3,100 counties with its database of approximately 100 million property records. In nationwide tests, HVE consistently performs at the top in the areas of coverage, accuracy, and reliability.
Home Value Calibrator (Calibrator) is a quality control tool that measures the risk that an appraisal, or other estimate of a property value, exceeds the actual market value by at least 10 percent. It assists in identifying loans for further evaluation and prioritizing workflow. According to Freddie Mac, Calibrator combines the precision of an Automated Valuation Model (AVM) with a statistically based scoring model to deliver a score that can help identify loans with potentially inflated collateral valuations.
“Real Info has a long history of connecting clients with HVE. Becoming a Direct Distributor opens new channels, both for Real Info and our clients who access Freddie Mac analytics on behalf of others,” said Bill King, Real Info’s president. “This relationship adds an additional option for clients who consume AVMs, and enables us to help Freddie Mac increase adoption of its models through our extensive network of resellers.”
About Real Info, Inc.
Real Info, Inc. has been providing Automated Valuation Models (AVMs), automated real estate analytics and property inspection/damage assessment services to national clients since 1995. Real Info analytics leverage comprehensive databases containing assessment, ownership and sales data on over 110 million properties. This database serves as the foundation for the company’s real estate reporting, home price indices, neighborhood & sales analytics, and proprietary Automated Valuation Models Contact: William King, President [email protected] 701 Seneca St, Suite 641
Buffalo, NY 14210 716-608-4370