First American Mortgage Solutions has integrated HouseCanary’s Home Price Indices (HPIs) into its solutions platform, the companies announced.
Mortgage lenders and servicers now can access HouseCanary’s HPIs and forecast models through First American Mortgage Solutions.
“We selected HouseCanary HPIs to further enhance our industry-leading real estate data offerings, allowing our lender and servicer clients to more accurately assess and forecast risk in their portfolios,” First American Mortgage Solutions President Kevin Wall said in a release.
“Mounting price dispersion within local markets and the ability of HouseCanary’s advanced analytics to deliver insight into these markets at the zip code level provides lenders and servicers with an opportunity to upgrade their risk management and forecasting capabilities,” Wall added.
HouseCanary’s valuation models process hundreds of inputs from capital markets to local crime, and include views from individual properties, allowing it to forecast home price appreciation or identify risk with precision and local granularity.
“By leveraging HouseCanary’s HPI forecasts as part of First American Mortgage Solution’s suite of products and services, lenders and servicers can catch market moves early and manage risk with improved confidence,” HouseCanary Chief of Research Christopher Stroud said.