HouseCanary, a real estate analytics company, and First American Mortgage Solutions, a subsidiary of First American Financial Corp. and a provider of lender and servicer solutions, announced a partnership that will make HouseCanary’s home price data available through First American Mortgage Solutions.
Through the partnership, mortgage lenders and servicers using First American Mortgage Solutions will now have access to HouseCanary’s Home Price Indices and forecast models.
“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,” said Kevin Wall, president of First American Mortgage Solutions.
“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.
Christopher Stroud, HouseCanary’s chief of research, added: “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.”