— Most comprehensive automated risk product on the market, now available —
AGOURA HILLS, CA, May 17, 2010 — Interthinx® announced the release of ValueGUARDTM, an automated collateral risk solution that revolutionizes the way property, neighborhood, and market area risk can be assessed by lenders and investors. ValueGUARD identifies potential risk associated with the current value of a property — and the potential risk of future value deterioration — by leveraging decades of company experience in appraisal and sophisticated data analytics. Comprehensive sales/listing data, which goes beyond the typical lagging indicators provided by comparable sales, is provided to support and validate ValueGUARD results. Interthinx is a leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry.
“Based on history and a meltdown none of us will forget, it’s important for lenders and investors to reevaluate current collateral risk mitigation processes and embrace innovation,” said Mark Chapin, chief valuation officer for Interthinx. “ValueGUARD considers risk associated with the subject, neighborhood, and market — not just a single value. Only ValueGUARD incorporates MLS data, offers retrospective capabilities, and provides a transparent scoring model. With these exciting developments, the industry no longer needs to accept antiquated collateral risk tools.”
The collateral risk solution provides revolutionary analytics within a layout optimized for ease of use. Along with the option of integrating iAVM Plus, a market leading AVM (automated valuation model), the state-of-the-art “alert-based and transparent scoring” streamlines collateral evaluation by identifying high-risk properties and guiding further underwriting processes. The solution also enables servicers to gain a better understanding of the valuation risk associated with their portfolios.
“ValueGUARD transforms the collateral risk market,” said Kevin Coop, president of Interthinx. “We are expanding our expertise in collateral risk mitigation by offering a critical solution with valuable data and intelligent design. I look forward to the market’s reception, as early feedback indicates the product addresses a growing need for more accurate collateral risk analysis using both historical and current market conditions.”
About Interthinx
Interthinx, Inc., a Verisk Analytics subsidiary, is a leading national provider of proven risk mitigation and regulatory compliance tools for the financial services industry. At every point in the mortgage life cycle, Interthinx helps to assess risk and prevent mortgage fraud and compliance violations. More than 1,100 customers — including 14 of the top 20 mortgage lenders — employ the company’s products and services. Interthinx earned Mortgage Technology magazine’s prestigious 10X Award as “a diagnostic and corrective solution of the highest order,” for its technological expertise in predictive analytics, data mining, and risk scoring. The Interthinx suite of solutions sets the standard for the industry and directly increases the value of client portfolios. For more information, visit www.interthinx.com or call 1-800-333-4510.
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Contact:
Rick Grant
Telephone: 800-979-9049
Cell: 570-497-1026
Email: rick@rickgrant.net