Industry News

Stewart enhances AVM capabilities

Digital property photos delivered to lenders within 24 hours

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Stewart Mortgage Information is expanding its proprietary ValuLogix system by providing the ability to deliver digital photographs along with any of its AVM products. The single or multiple digital photographs can be delivered within 24 hours to the lender customer and includes a written inspection indicating the property condition and occupancy status of a subject property. Subject Property Photo is also available as a standalone product for use in servicing or the foreclosure process. SMI's ValuLogix platform allows a customer to use various AVM models based on customer-defined loan and underwriting criteria. "Subject Property Photo is another SMI collateral assessment product allowing lenders to leverage the speed of an AVM with the confidence level of a current photo and limited physical inspection," said Chris Boring, SMI senior vice president for operations. "These are not stored photos or listing photos from a Multiple Listing Service. These are actual photos by people, tak...