The Chase Credit Cos., a unit of Fiserv, has introduced ValuStar, a product that combines a merged credit report with an automated property valuation score in a single report.
ValuStar, developed in conjunction with Fiserv Case Shiller Weiss, a provider of collateral valuation and scoring products, is designed for lenders, title companies and other real estate service providers.
ValuStar is based on Chase Credit’s WebStar credit-reporting platform, so it can be accessed through most major loan origination systems. The application also can be accessed via a Web browser. The property value assessment is provided through Fiserv CSW’s ValuScore technology, which delivers a “collateral risk meter,” along with an appraisal review recommendation, where applicable.
Many in the real estate industry say they could use a product that combines a credit report with a property valuation because it would fulfill two important pieces in deciding whether to begin the process of making a loan, Mark Nogaki, VP of sales at Chase Credit said.
Chase Credit and Fiserv CSW are part of Fiserv Lending Solutions, a suite of products and services provided to mortgage and consumer lenders. The comprehensive lending product suite from Fiserv includes mortgage and auto lead generation management and customer loyalty programs, automated valuation model (AVM) products, auto leasing solutions, mortgage banking software and services, appraisals, broker price opinions, credit reporting, closing services and default management.
Fiserv provides information management systems and services to the financial industry, including transaction processing, outsourcing, business process outsourcing and software and systems solutions.
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