The Psychology Behind the Recovery

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8 | Th e M Rep o RT INSIDE THE INDUSTRY MIS Integrates Service Offerings with Ellie Mae's Encompass360 The companies uniTe To enhance The borrower experience. I n Ohio, Mortgage Information Services (MIS), a provider of title insurance, loan settlement, and valuations, announced the successful integration of its full line of products and services into Ellie Mae's Encompass360 origination and loan management system. With the integration, Encompass360 users who have an account with MIS will be able to see all their available real estate information without hav- ing to submit an order or move to an external website. Users are also now able to securely upload documents, including real estate contracts and authorization forms, to MIS' internal manage- ment system, ProductionLink. "One of our primary goals has always been to forge partnerships that are not only mutually ben- eficial to MIS and our clients, but are also enhancements to improve the borrower's overall experience," said David Stroop, regional VP at MIS. "The integration with Encompass360 is the latest example of our commitment to that ideal." DataQuick Enhances Valuation Model to Boost Accuracy The company improves iTs avm by building on To iTs currenT meThodologies and daTa sources. D ataQuick, a San Diego- based real estate information company, announced the addition of major enhancements to its automated property valuation model (AVM), CMV-Portfolio. The upgrade builds on CMV- Portfolio's "submodel" system, which features different models Tech Talk Training and enhancing industry professionals' skill sets is of main concern for the tech segment of the industry. using their own methodologies and data sources to estimate property values. Enhanced submodels in the AVM include: • The Appraisal Emulation model, which uses a comparable sales approach to estimate market values based on the values of similar properties in an area; • The Inflated Sale Price Model, which estimates market value by multiplying a prop- erty's most recent sale price by how much the company's Neighborhood Housing Price Index has changed since then; • The Tax Assessed Value Model, which estimates the ratio of a property's assessed value to the sales price of sample prop- erties in the area; and • The Hedonic Model, which uses a set of property char- acteristics to construct a local property value regression model based on recent sales nearby. on the web

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