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92 CoreLogic Introduces Total Home Value for Portfolio Monitoring CoreLogic, based in Irvine, California, re- cently announced the introduction of its Total Home Value for Portfolio Monitoring solution. Total Home Value for Portfolio Monitor- ing is a self-service, fixed-cost solution that, according to CoreLogic, will help mortgage lenders and servicers evaluate and understand the collateral value of their mortgage portfo- lios on a periodic basis. CoreLogic stated that this solution frees mortgage lenders, insur- ers, servicers, and investors from budgetary constraints that otherwise may have resulted in foregoing current valuation information. "Our clients needed an origination-quality AVM at a price point that allows them to be more proactive when it comes to monitor- ing collateral values," said Ann Regan, VP of Product Management and Collateral Solutions for CoreLogic. "We created Total Home Value for Portfolio Monitoring to be a flexible, self- service solution that empowers users to update valuations based on business and regulatory need, not cost. is unique packaging ap- proach enables even smaller organizations to gain access to high-quality CoreLogic AVM solutions with no integration costs. We believe this solution will change how organizations value their portfolios, delivering current, high- quality valuations for a fixed fee." COLORADO Mortgage Cadence Licenses FirstClose Platform Mortgage Cadence recently reached an agreement to license FirstClose's proprietary integration hub software platform, which pro- vides loan services throughout the mortgage origination process. e agreement will enable third-party service providers to integrate their services into Mortgage Cadence's existing end- to-end loan origination product suite more quickly, providing lenders with additional one-stop loan origination capabilities. Denver-based Mortgage Cadence de- termined FirstClose's vendor management system to be the most modern and robust suite on the market and will include FirstClose's technology in the first phase of its new third- party integration architecture known as Ser- Deltona-Daytona Beach-Ormond Beach, Florida, posted a 10-percent decline in mort- gage fraud risk but is still one of the riskiest metros, ranking at No. 8. Syracuse, New York, saw a 7-percent drop after its previous increase, and now sits at an index level of 180. HouseCanary Offers RE/MAX Agents Pricing Insights RE/MAX and San Francisco-based HouseCanary have partnered up to bring real estate professionals more information, more data, and more power to close deals. rough the partnership, RE/MAX af- filiates will now have access to HouseCanary Value Reports through the organization's Ap- proved Suppliers portal. Offering market and property-level data, as well as highly accurate home valuations and future pricing forecasts, Value Reports give real estate agents insights that can improve their client relationships and the value of their transactions. According to a joint release from the companies, "Accurate home values and three- year forecasts, in an industry where valua- tions have been suspect, are at the core of the reports." According to HouseCanary CEO Jeremy Sicklick, it's the platform's powerful algo- rithm that makes it unique. "Other home valuation methods are based largely on historical comparable sales," Sicklick said. "HouseCanary measures price movements on every residential block in the country, allowing for precise valuations today and three years into the future. Our algorithms combine 40 years of history, 1 billion residential transactions, and hundreds of proprietary calculations influencing home values, such as capital markets, jobs, traffic … even views from a property's backyard." e reports' ability to forecast pricing are their biggest competitive advantage—espe- cially in a market with tight inventory and rising prices. "In markets facing low inventory, rising prices, and interest rates, the ability to provide clients and leads with a three-year forecast of a home's value serves as a clear competitive advantage," Sicklick said. "Offering accurate market demand figures unavailable else- where, months of supply, and market rent by square foot for similar properties, the reports allow realtors to become a trusted source of information and 'prove their gut' on property prices." California Hilary Marks Woman Owned Business BRE# 01730451 www.WESALECA.com 909-529-3707 HILARYREO@yahoo.com CALIFORNIA Fraud Risk Increases Nationwide Mortgage fraud risk is up across the country, according to the CoreLogic National Mortgage Application Fraud Risk Index (FRI) for Q1 2017. e FRI is a measure of loan- application level fraud risk in the mortgage industry, based on residential mortgage loan applications processed by CoreLogic Loan Safe Fraud Manager. e index jumped 8 percent in Q1, up to 132 from 113 a year ago and 122 last quarter. Irvine, California-based CoreLogic noted that although this is the highest level for the Index since Q 3 2010, at that time, post-crisis controls against mortgage application fraud were tight. e CoreLogic Mortgage Fraud Consortium grew from 50 percent to 60 percent of applica- tions between Q 4 2016 and Q1 2017. Of the 100 highest populated Core Based Statistical Areas (CBSAs) covered by the index, Youngstown-Warren-Boardman, Ohio-Penn- sylvania, saw the largest increase in the index, going from an index of 90 to 272 (a 202 percent increase). CoreLogic noted that the previous quarter saw a similar growth in Syracuse, New York, where the Index jumped from 63 to 193. CoreLogic noted that the index movement in the Ohio-Pennsylvania CBSA was primar- ily driven by an increase in non local invest- ment loans. e relatively inexpensive rental properties in this area are drawing interest from investors in other states with less afford- able rental opportunities. Florida, where home prices are rising, and inventory is dropping dramatically, currently holds the highest fraud risk rank of Core- Logic's 100 CBSAs. e CBSA of Miami- Fort Lauderdale-West Palm Beach, Florida, is currently 274, up 5 percent from Q 4 2016's 261.

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