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Fidelity Aims to Save Time and Money.(Brief Article)

Mortgage Servicing News

| April 01, 2002 | COPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Fidelity National Information Solutions, a provider of real estate-related information and technology services, has added a number of new collateral valuation and risk management products to its menu.

The new services are part of ValueSure Plus, a suite of collateral valuation and risk management products designed to speed up the residential appraisal process while providing higher quality information to reduce risk, Fidelity said.

The ValueSure suite consists of three products: FNIS' proprietary automated valuation model, a standardized property inspection report with photo, and life-of-loan insurance.

Eric Swenson, president and chief operating officer of FNIS, said, "ValueSure Plus will reduce lenders' total appraisal costs and dramatically improve the speed of collateral assessment, while mitigating the risks connected with property evaluations."

He said this was "the next logical step in offering appraisal alternatives" in the marketplace.

ValueSure draws on what ...

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