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HSBC Mortgage Services and
CoreLogic have teamed up to provide a new, geographically
customized AVM, the GEO-Select AVM, developed exclusively for HSBC
Mortgage Services business partners. This unique product provides
more reliable property valuation and collateral assessment data
for better lending decisions. The GEO-Select AVM accesses up to
15 different AVM models and delivers one concise report. Utilizing
sophisticated methodology, the GEO-Select AVM applies cascading
logic in selecting the predominant models for the specific geographical
area. HistoryPro© an added-value feature of the GEO-Select AVM,
pre-screens markets for flip and fraud risk, rural properties and
values outside of area norms. With the GEO-Select AVM, you only
pay for hits. If the property is identified "at risk" or an AVM
is not returned, you only incur a nominal charge for the HistoryPro
screening.
Available for appraisal verifications on 1st and 2nd liens and property
valuations on select 2nd mortgage products, the GEO-Select AVM is
Internet accessible 24/7 and offered at a value price. Just another
benefit of being a HSBC business partner.
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