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Dattar Systems Teams with
DataQuick® Information Systems to Integrate Freddie Mac® Home Value
Explorer(SM) with AppraisalTrac™ |
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CONCORD, CA - September 5, 2001 -
Dattar Systems, Inc., an e-commerce solution provider, announced today the
integration of AppraisalTrac™, its web-based collateral services workflow
application, and Freddie Mac® Home Value Explorer (SM) provided by
DataQuick® Information Systems.
The integration enables
AppraisalTrac, used by lenders and appraisal companies to improve workflow, to
seamlessly interface with the HVE (SM) valuation model provided by DataQuick.
This new interface allows AppraisalTrac clients access to Freddie Mac's
proprietary valuation tool as one of their AppraisalTrac workflow options.
"The HVE valuation tool gives AppraisalTrac clients another valuable
resource to help in the appraisal review, risk assessment and quality control
process," said Dattar Vice President Leslie Hurlburt. "Instead of having to go
to various systems to order collateral services, our clients can order the
services they need right from their workflow application. This helps keep all
of the related information archived with the appraisal order."
AppraisalTrac™ is a collateral services workflow application that
offers the benefits of a collaborative Web workspace for Lenders, Appraisal
Companies and their service partners. Dattar Systems' dynamic delivery
methodology makes it possible for Lenders and Appraisal Companies to have their
own customized workflow application and database operating in as little as one
week.
With over 10 years of model development and data, Home Value
Explorer provides immediate access to accurate value estimates that can be used
in many phases of the loan process such as quality control, loss mitigation and
portfolio valuation. HVE provides valuations along with confidence scores and
recent sales information and was designed to enhance users knowledge of the
market surrounding the subject property.
DataQuick® is a leader in
providing real property and land data to real estate professionals. DataQuick
offers an assortment of solutions for the mortgage industry. For more
information, visit their website at
http://www.dataquick.com.
Freddie Mac is a
stockholder owned corporation and purchases single-family and multifamily
residential mortgage and mortgage-related securities. Over the years, Freddie
Mac has opened the doors of homeownership to millions of Americans. To learn
more about Freddie Mac, visit their website at
http://www.freddiemac.com.
Dattar Systems,
Inc. is located in Concord, California. The company provides information
technology to the financial, communications and software sectors. For
additional information on AppraisalTrac or Dattar Systems, Inc. visit their web
sites at http://www.appraisaltrac.com and
http://www.dattar.com.
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© Copyright 1996 - 2007 Dattar
Systems, Inc. All rights reserved. |
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