FirstClose, First American CoreLogic Offer AVM

Posted by Orb Staff on December 06, 2007 No Comments
Categories : Residential Mortgage

FirstClose, a service of First Lenders Data Inc. (FLDI), an Austin, Texas-based provider of bundled mortgage settlement services, has signed an agreement with First American CoreLogic, a member of The First American Corporation family of companies.

The companies will now offer First American CoreLogic ValuePoint4 Default automated valuation models (AVM) and property verification reports to the network of FirstClose sales agents, resellers, credit unions, banks and mortgage lenders.

ValuePoint4 Default is a new AVM tool that provides a more accurate assessment of the value of distressed real estate owned properties than typical AVMs or more traditional broker price opinions, according to the firms.

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