DENVER, June 25 /PRNewswire/ -- Integrated Asset Services (IAS), a leading provider of residential asset management, today announced i-Series, a nationwide due diligence platform. IAS's i-Series features the Company's professional valuation services provided through their national network of licensed brokers and appraisers combined with its new iAVM(TM) and iMVI(TM) technology.
"As a whole, our industry is facing market volatility and risk we haven't seen in decades; with 4.84% of all mortgages being delinquent, 1.3 million foreclosures predicted this year, inventories surging and fewer qualified buyers," said David McCarthy, IAS President and CEO. "However, one must get to the neighborhood level to find the truth; and certain neighborhoods are maintaining and even gaining value while others are in a state of rapid decline. With i-Series, our clients have the advantage of drilling down to each subject property's unique neighborhood for current, accurate and verifiable data related to conditions that affect its specific value and risk."
With i-Series, clients can assign the level of due diligence service required for an individual loan, portfolio or loan pool based upon their business rules. Clients may select an individual service or product, a combination of services or the complete i-Series platform for maximum due diligence. Individually, each service provides distinct and critical data, and when combined, a complete view of market risk, local expert opinions, and subject value. Every i-Series report is succinct, clear and informative.
"Now more than ever, it's essential to accurately gauge risk before acquiring or disposing of loan pools, securities, and servicing portfolios, or making choices on individual loans," said McCarthy. "The market's growing volatility requires a more granular look at market conditions. i-Series is IAS's first due diligence platform combining high tech with high-touch. We combine our expert professional services with advanced technology for precise risk detection based upon industry-trusted data that is current, accurate, and verifiable in support of good decision making."
i-Series Due Diligence Platform:
-- iMVI (Market Volatility Index) delivers risk scoring to the individual
loan level for proactive risk assessment. iMVI rapidly analyzes
thousands of properties determining risk down to the neighborhood
segment level. Volatility data covers seven historical quarters and
one predictive quarter.
-- iAVM (Intelligent Automated Valuation Model) meticulously analyzes and
interprets tax assessor, geospatial, demographic, social, and economic
data to interpret market conditions producing accurate values on 77
million US homes. iAVM systematically improves accuracy through four
separate cascading valuation methodologies that produce independent
valuations and quantifiable confidence scores.
-- BPOs (Broker Price Opinions) are detailed, interactive valuation
reports prepared by a licensed broker and include detailed transaction
nuances that influence market factors. Every BPO considers property
condition and characteristics compared to recently listed and sold
comparable homes.
-- Desktop Reviews with Final Tie-Out value provides a well-researched,
analytically based narrative report with a clean, confident value
recommendation. Our licensed appraisers will objectively analyze two or
more disparate reports and research additional local market data to
support or question a recommended value.
i-Series features "NO EXCUSES(TM)" accountability and service with real-time monitoring for the most up-to-the-minute information on each property and portfolio. Its flexible automated ordering system accepts batch orders or single transactions through a simple computer-to-computer Web service.
About IAS
IAS is a privately-held Colorado-based corporation specializing in default mortgage services including valuation, reconciliation and full cycle REO disposition. The Company's advanced valuation and risk technology combined with its expert professional services help its clients reduce exposure while expediting the entire asset management process. Founded by REO industry experts, IAS provides services that go beyond industry expectations; from the level of integrity of its employees to the measurably better service it routinely provides. For more information, visit the company's Web site at http://www.iasreo.com/.
This press release contains various forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on InteliReal and IAS' current expectations, assumptions, estimates and projections about the company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of the success of IAS' branding and consumer awareness campaign and other marketing efforts; competition from existing and potential competitors; and IAS's ability to continue to develop and integrate new products, services and technologies.
Integrated Asset Services
CONTACT: Ryan Tomazin of Integrated Asset Services, 1-800-399-6417,
rtomazin@iasreo.com
Web site: http://www.iasreo.com/
