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Independent Settlement Services, HouseCanary Offer New Value Report
Independent Settlement Services, a Pittsburgh-based appraisal
and title management services firm, announced in August
that it will enhance its valuation products with Value Report,
an automated property valuation with an instant automated
valuation model (AVM) that combines the data and algorithms
of Independent Settlement Services and HouseCanary.
HouseCanary is a real estate valuation provider that leverages
decades of data and proprietary algorithms for its valuations.
e Value Report offers instant AVMs, risk assessments, and
real estate market data for individual single-family homes and
condos, as well as portfolios.
e Value Report ranks properties against their 10 closest
comparables, delivers a three-year value forecast, and offers a
"suitability score" based on sales history.
"Our algorithms analyze over 1 billion residential transactions
over the last 40 years against macroeconomic drivers of demand,
incorporating schools, crime, and other current drivers at the block
level to achieve this level of accuracy," said Martin Morzynski,
CMO at HouseCanary. "e result is a modern AVM that helps
lenders originate and close loans with confidence."
Christopher Seymour, SVP and Director of Sales at
Independent Settlement Services, said the Value Report helps
lenders "make better, more confident real estate decisions."
"HouseCanary is delivering a much more informative and
transparent automated property valuation to the real estate lending
industry," Seymour said.
e collaboration is a result of an increased demand for
accurate property valuations, according to Independent Settlement
Services.
"Working with Independent, HouseCanary is excited to offer
valuation models with unprecedented accuracy and coverage,
which is what ultimately appeals to lenders," Morzynski said.
