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Platinum Data Focused on Risk Mitigation for Reverse Mortgages

California-based technology provider, ""Platinum Data Solutions"":www.platdata.com/, has announced a new reverse mortgage client partnership in San Diego. The company recently revealed that ""Plaza Home Mortgage Inc."":www.plazahomemortgage.com/ has implemented Platinum's RealView platform, targeting quality appraisal review for reverse mortgages across the U.S.

RealView gives companies like Plaza an advantage when evaluating the consistency and quality of appraisals for reverse mortgage loans by eliminating the ambiguity that often exists when lenders rely on more basic modules such as automated valuation models or desk appraisal reviews. Following Plaza's decision to engage Platinum's platforms in January, the company went on to tap RealView as part of its underwriting process on all transactions.

""RealView's consistent, objective evaluation allows our underwriters to make accurate decisions, knowing that the appraiser used the best comps available ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô and if not, they now


have data to rebut appraisers directly, in a methodical, scientific manner,"" said Mark Reeve, Plaza's reverse mortgage division manager. ""RealView helps us make our underwriting decisions with confidence. That's the bottom line.""


About Author: Abby Gregory


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