MReport January 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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32 | TH E M R EP O RT PROPERTY VALUATIONS SPECIAL ADVERTISING SECTION // PROPERTY VALUATIONS GUIDE HouseCanary KEY PERSONNEL Jeremy Sicklick CEO and Co-Founder Chris Stroud Chief of Research and Co-Founder Paul Wehrley COO Jim Adams CTO Martin Morzynski CMO Chris Conway SVP and Head of Product STAFFING Approximately 110 CONTACT INFORMATION 201 Spear St. #1050 San Francisco, CA 94501 Phone: 855.218.9597 Email: Web: CORPORATE PROFILE HouseCanary is the authoritative source for accurate residential real estate information. HouseCanary's state-of-the-art models and data are revolutionizing the way real estate professionals and investors value and transact residential properties. COMPANY HISTORY Jeremy Sicklick and Chris Stroud founded HouseCanary in 2014, with the goal of helping peo- ple make better real estate decisions. The company has since grown to more than 100 employees, and has expanded its datasets to cover every residential property in the U.S. HouseCanary is revolutionizing the way homes are purchased, appraised, valued, and sold. With a team of world-class data scien- tists, HouseCanary has created the most accurate forecasting models in the industry, and has packaged its knowledge into easy-to-use software tools for ap- praisers, brokers, investors, and lenders. BUSINESS LINES, SERVICES, AND PRODUCTS Appraisers: HouseCanary has two products that are refining appraisers' workflow and optimizing their expertise: HouseCanary Appraiser and Agile Appraisal. HouseCanary Appraiser is an all-in-one cloud appraisal software that allows appraisers to complete reports start-to-finish without costly plugins. The platform simplifies a complex process by eliminating tedious data entry and automatically generating comparables with the smallest gross adjustments. Available on tablets and iPhones, HouseCanary Appraiser allows appraisers to complete reports on-site at the subject property. Agile Appraisal is desktop appraisal software that allows appraisers to complete reports in less than an hour with full USPAP and FIRREA compliance. By connecting investors and lenders to appraisers through our client AMCs, we empower appraisers to complete more reports than ever before at a higher per-hour rate than a traditional appraisal. Lenders: HouseCanary's Valuation Suite offers lenders objective collateral valuations for all levels of risk. From the industry's most accurate residential AVM (median error of 2.7 percent), to the unique Agile Appraisal (a faster, lower-cost alternative to BPOs, 2055, or 1004 appraisals), the suite allows lenders to qualify and underwrite with unprecedented speed and accuracy. Investors: HouseCanary's Valuation Suite allows institutional investors faster deal diligence, more accurate valuations, and the ability to optimize property and loan portfolios with data available on demand and in bulk. Real Estate Brokers and Agents: HouseCanary's Value Report provides brokers and agents with much more than a CMA and serves as a tool that helps agents give their clients the "why" behind their home's value. KEYS FEATURES AND BENEFITS By combining more than four decades of property data with an arsenal of proprietary calculations and analytics, HouseCanary accurately forecasts residential home val- ues and identifies market influences to help real estate professionals precisely value homes. Our mobile, web, and API products are trusted by leading appraisers, institutional investors, lenders, and real estate brokers. COMPETITIVE ADVANTAGE HouseCanary offers appraisers one stop and one solution for all their appraisal needs with no additional fees or add ons. Appraisers can utilize HouseCanary's regression analytics, neighborhood drawing tools, flood data, and plat map, all at one cost. ADDED VALUE TO CLIENTS HouseCanary offers the industry's most robust regression modeling program, allowing appraisers to make objective, data-driven comparable sales adjustments that are easy to defend against inquiries from Fannie Mae, their state boards, and their AMCs or lender clients. Built directly into both HouseCanary Appraiser and Agile Appraisal, HouseCanary's regression tool is the industry's first implementation of directly integrated multiple linear regression modeling at no additional cost, enabling appraisers to rapidly examine the effect that multiple property features have on a home's value simultaneously. KEYS TO YOUR SUCCESS HouseCanary's success starts with a talented, dedi- cated, excited team. They include some of real estate's brightest strategists, statisticians, and software engi- neers working every day to make sure HouseCanary's products are user-friendly and accurate. Ultimately, HouseCanary's success depends on its customers' success. If it can help them make better, faster real estate decisions, then everybody wins. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • Named one of the most innovative companies by HousingWire's Tech 100 over the last two years • Selected as Real Estate Partner for Google Cloud • Financed by notable investors including Hillspire (Alphabet Executive Chairman Eric Schmidt's family office), PSP Growth/PSP Capital (firm founded by entrepreneur and former Commerce Secretary Penny Pritzker), Alpha Edison, ECA Ventures, Raven Ventures • Released Agile Appraisal TM platform in September 2017

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