Fort Worth, Texas-based eMortgage Logic, a provider of residential real property valuations, data and analytics, said it has integrated nationwide multiple listing service data into its online valuation management platform.
While the vast majority of property valuations, including appraisals and broker price opinions use MLS data, eMortgage Logic said its new integration allows brokers and appraisers to access MLS data directly through eMortgage Logic’s online platform, which automatically populates the data input fields with information on comparable properties chosen by the broker or appraiser.
It also provides a statistical scoring of the relative fit for each comparable property to verify that the broker or appraiser has chosen the most appropriate comps for the subject property and, if necessary, question why certain comps were chosen.
EMortgage Logic unveiled the new integration during the Mortgage Bankers Association mortgage servicing conference under way in Orlando, Fla.
