Industry News

Credit report merges with home valuation score

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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, Ma...