Companies Collaborate for Residential Asset Monitoring Module

""Smithfield & Wainwright"":https://smithfieldwainwright.com/ is teaming up with ""Marshall & Swift/Boeckh"":http://www.marshallswift.com/ to launch a new, automated solution for evaluating properties and resulting portfolios of mortgage loans. Releasing the Residential Asset Monitoring (RAM) module, the companies' initiative will give banks and lenders a more comprehensive, ""forward-looking"" method for assessing the value of residential real estate and, ultimately, their portfolio health and compliance procedures.

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Taking an intensive approach to researching and developing the program, S & W spent four years working with Florida State University and other universities to test and validate the RAM solution.

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Lenders tapping into the RAM tool will gain a fully automated service which allows for the entry of individual or batched properties in order to generate valuation reports for each address via S & W's proprietary LPV system.

In an official statement, S & W noted that the RAM process uses the ""three accepted appraisal valuation approaches--sales comparable, cost, and income"" to help companies ""monitor and value their mortgage loan portfolios.""

Elaborating on the RAM solution, S & W's chairman and CEO, ""Big"" Hogan E. Copeland II, stated, ""The RAM solution allows for an objective view of valuation and provides a standardized valuation approach for dealing with Tier 1 Capital requirements and capital impairment. The ability to provide a concise view of assets provides assurance that the institutions holding real estate portfolio assets provide a transparent picture not only for regulators but also for rating agencies and shareholders. This paradigm of the RAM solution will help stabilize the U.S. real estate markets.""

Adding his commentary, MSB's VP of real estate-government business, Todd Eyler, noted, ""We're pleased that MSB's trusted re-construction cost data is an important part of the RAM solution. Our collaboration with Smithfield & Wainwright provides a solution to help banks value residential mortgage collateral using multiple forward looking approaches to value.""