ServiceLink Offers Warranted Collateral Valuations and AVM Reports
February 18, 2008
ServiceLink, a provider of origination and default services and the national mortgage services platform of Fidelity National Financial (NYSE:FNF), now offers warranted collateral valuations and automated valuation model (AVM) reports to protect against overstated valuations resulting in losses. These products are designed to reduce the buy-back risk between originators and investors due to inaccurate valuations by protecting the Lender from a financial loss resulting from default, foreclosure or rejection by the secondary market.
"The mortgage industry needs a higher level of confidence that valuations are accurate and reliable," said Kevin Gugenheim, executive vice president and chief strategic officer of ServiceLink. "The combination of this additional financial protection, our industry leading Vision(SM) automated valuation technology, speed of delivery and quality of our suite of products clearly positions us a leading provider for nationwide valuation services. "
"With this added protection to the lender, transferee or assignee against an actual financial loss, ServiceLink's offering of the warranted collateral valuations and AVM reports are intended to not only offer greater protection, but to boost investor confidence levels and secure loan approvals more quickly."