Collateral Intelligence

CI Signs up with Another Top Tier Servicer for Reconciliations

csullivan — Tue, 15 Nov 2011 09:51:22 PST

Another 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.

CI Signs up with another Home Equity Lender for Valuations

csullivan — Sun, 09 Oct 2011 10:50:59 PDT

CI 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

CI Launches Revised HVR to Address New Valuation Guidelines on Home Equity Lending

csullivan — Fri, 09 Sep 2011 10:50:32 PDT

The 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 of the property and a desktop appraisal completed by a licensed appraiser. CI also offers the CA Value AVM.

CI Renews Sole Source Contract with FHFA

csullivan — Tue, 09 Aug 2011 10:50:07 PDT

The 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.

CI Saves Client $11 million in revised Short Sale Risk Assessment Pilot

csullivan — Sat, 09 Jul 2011 10:49:38 PDT

Using 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 7,000 short sale properties. Of the 1,200 properties sold so far, CI identified numerous “low ball” offers and the client was able to retain an additional $11 million on the project – or, over $10,000 per file.

CI Completes Highest Volume Quarter Ever

csullivan — Fri, 25 Mar 2011 10:49:16 PDT

Thanks 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.

CI Signs New AVM Contract with MI company

csullivan — Wed, 12 Jan 2011 09:47:20 PST

Collateral 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.

CA Value AVM Again Ranks in Top Tier for Fourth Consecutive Quarter

csullivan — Sun, 09 Jan 2011 09:46:58 PST

For 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.

CA Value AVM Again Ranks in Top Tier – Q3

csullivan — Mon, 13 Dec 2010 09:46:28 PST

For 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.

CA Value AVM Again Ranks in Top Tier – Q2

csullivan — Thu, 09 Dec 2010 09:44:12 PST

For the second 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.