LoanLogics, Platinum Data Raise the Bar for AVMs

""LoanLogics"":http://www.loanlogics.com/, a leader in loan performance and quality analytics, and ""Platinum Data Solutions"":http://www.platdata.com/, a provider of comprehensive collateral valuation technologies, announced a partnership to combine loan performance analytics, management, and monitoring with automated valuation models (AVMs).

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As part of the partnership, LoanLogics is integrating a set of best-performing AVMs from Platinum Data's independent platform into LoanHD, a single-source solution created to gauge and monitor risk in loan [COLUMN_BREAK]

portfolios with an AVM cascade that delivers unparalleled accuracy and a hit rate of up to 95 percent.

""With this partnership, LoanHD clients can generate AVMs from two providers and could receive an estimated market value, low- and high-value range, confidence score, and the forecasted standard deviation with each order, thus increasing confidence in their data,"" explained LoanHD product manager Don Smith.

""The combination of Platinum's OptiVal with LoanHD serves to further the goal of creating advanced solutions that address valuations, compliance, loan quality, improve profitability, and manage risk during the loan lifecycle,"" added Ira Artman, SVP of product management for LoanLogics.

""OptiVal provides the highest-quality and most accurate, efficient automated valuation offering in the marketplace,"" said Arturo Garcia, co-founder and COO of Platinum Data. ""Together we are delivering to the mortgage industry the most advanced quality control, risk mitigation and compliance offering combined with the best-of-breed automated valuation models.""

LoanLogics is based in Fort Washington, Pennsylvania. Platinum Data is headquartered in Aliso Viejo, California.