MDA Lending Solutions Enhances, Renames Automated Valuation Model

SAN FRANCISCO--(BUSINESS WIRE)--MDA Lending Solutions, a provider of advanced information solutions to the mortgage industry, announced today at the Mortgage Bankers Association’s 95^th Annual Conference and Expo the upgrade of MDA DataQuick’s automated valuation model (AVM), which has been renamed as ValueSmart. The enhanced AVM generates accurate property values by automatically selecting and using the most appropriate valuation methodologies.

“By using both public and proprietary data sources, combined with the five modeling techniques, ValueSmart enables lenders to have the most accurate picture of a property’s true value available in an unbiased, fact-driven report.”

ValueSmart increases valuation accuracy and helps lenders better manage risk by creating values from five modeling methods and geo-spatial techniques. The enhanced AVM updates its data daily with sales data, removing the need to wait weeks or months for out-of-date transaction reports. As a result, lenders can improve the quality and speed of their valuations.

“During today’s market, sales prices are changing very quickly,” said John Walsh, president of MDA DataQuick. “By updating the data daily, ValueSmart not only has the most current information on the market, but the five independent models enable lenders to receive accurate valuations that stand up to new regulations concerning valuation methods. By reducing the cycle time from loan application to closing, we are saving our customers time and money while mitigating risk.”

In addition to estimated values, ValueSmart includes valuable property information, including recent sales within close proximity to the property. The reports can be presented in various formats to fit the lender’s business needs – batch reports, XML data, or graphical online presentation.

“ValueSmart enables lenders to produce valuations in any location in the United States,” Walsh said. “By using both public and proprietary data sources, combined with the five modeling techniques, ValueSmart enables lenders to have the most accurate picture of a property’s true value available in an unbiased, fact-driven report.”

ValueSmart is available as a stand-alone product or as a part of MDA Lending Solutions’ ePolicy® valuation decisioning suite, which replicates a loan underwriter’s logic to make decisions based on specific decisioning criteria. By automating the process, ePolicy allows for substantially more underwriting checks to be applied against each loan than in a manual environment.

About MDA Lending Solutions, Inc.

Wilmington, Del.-based MDA Lending Solutions provides advanced information solutions that can improve the decision making and operational performance of customers by reducing the time, cost and risks involved in real estate transactions. The company offerings include MDA DataQuick®, MDA MindBox® and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. For more information, visit www.mdasolutions.com or call (888) 299-8787.

MDA DataQuick® offers a wide range of information including property history and characteristics, sales and loan information, market valuation and neighborhood information. For more information, visit www.dataquick.com or call (888) 604-DATA.

MDA MindBox® is a leading provider of advanced decisioning solutions featuring automated rules-based decisioning technology that optimizes customer interactions and streamlines back-end workflow and business operations for the mortgage lending community. For more information, visit www.mindbox.com or call (877) 650-MIND.