iMVI provides risk mitigation for individual
properties, portfolios and loan pools. With iMVI you
can test 100% of your loan pool in a matter of
seconds — making better decisions with rich
intelligence down to the individual loan.
Rapidly analyzes thousands of properties.
Scores risk based upon your unique tolerance.
Drills down to the market segment for accurate risk assessment.
Compares loan level results to the County, MSA and State.
iMVI™ is a new micro-resolution house price index that provides a granular view of neighborhood market conditions. iMVI is capable of analyzing volatility nationwide by state, MSA, county and zip code. iMVI takes it one step further by analyzing to the individual house and its unique neighborhood for current, accurate and verifiable data related to conditions that affect value.
Unlike any other housing index, the iMVI is based upon the entire population of “arms length” sales including condos. Neighborhood segments are composed of demographically, economically, and socially similar micro-geographies with similar housing characteristics, located nearby one another and within the same county. Multiple, distinct indexes are created based upon property type (e.g., detached single family residence, condo, etc.).
The iMVI includes “non-conforming” and conventional sales and excludes refinancing mortgages capturing slower market adjustments.
The iMVI report represents median price per
square foot volatility based upon actual
recorded sales of greater than 1,500 sales within
a given iSegment each quarter. The subject
iSegment is comprised of the same type of home
(e.g., SFR versus condo) characterized by similar
attributes and price volatility. The report
provides two years of volatility data; 7 historical
quarters and one future quarter forecast.
iMVI may be configured to monitor and analyze
your portfolio routinely for performance and as a
risk mitigation measure. High risk properties may
be automatically escalated for valuation
services including AVM, BPO, appraisal and
reconciliation services.
Proactive risk mitigation.
Proactive portfolio risk mitigation.
High-risk property escalation.
Immediate loan volatility scores
provide immediate alert to high risk properties.
Designed for your operation.
User-defined index type; median square feet or median price.
Leverage your tolerance rules and escalation policies to quickly isolate high risk loans.
Available for individual properties, portfolios and loan pools.
The most accurate market volatility index.
iMVI uses the entire population of “arms length” sales, including condo sales, to establish its index. And, iMVI includes "nonconforming” and conventional sales capturing slower market adjustments not reflected in the OFHEO* index.
iMVI
OFHEO HPI
S&P
Purpose
Precise measurement of volatility to individual mortgages
Broad measurement of movement of SFD values
Broad composite of single family home price indices
Published
Real-time
Quarterly
Monthly
Lag Time
None
3 months
2 months
Data Source
All free market transactions from closed normalized and non-duplicated public and tax transactions
Conforming, conventional
mortgages purchased or securitized by Fannie Mae or Freddie Mac
County assessor and recorder
Property Types
All types separated to create unique indexes by property type
SFD
SFD with 2 or more recorded arms-length transactions
Refi's Included
No
Yes
No
Geographic Resolution
Neighborhood segments
CBSAs or MDs; never smaller than an entire county — 2/3 are comprised of two or more entire counties
9 US Census Divisions
Index
More than 15,000 individual indices segmented by property type and geography
Weighted price trends equally for all properties
Value-weighted; price trends for more expensive homes have greater influence
Coverage
100% National
381 large geographic areas covering 1,092 of 3,294 county or county equivalent entities
Missing 13 States
iCDA™: Expert default professional services combined with innovative new technology, key partnerships and alliances make iCDA your single source for full-service, end-to-end credit diligence.
iAVM™: Intuitive, powerful and fast, our iAVM produces Intelligent Property Reports that are accurate, supported, repeatable and traceable.
BPO: BPO's include a comprehensive and detailed
report outlining the listed and sold comparable real estate values supporting the Broker's opinion of value. The
BPO includes photographs of the subject property.
Appraisal Services: Performed by a licensed appraiser and in complete compliance with USPAP. And for even greater assurance, we offer an exclusive three-tier quality control check and final review completed by an onsite licensed appraiser.
Desktop Review with Final Tie-Value:Final Tie-Outs are based upon a Desktop Review of available BPOs, appraisals, iAVM and iMVI
results, and additional local market data. A narrative report provides a refined, well-researched
understanding of the property and its surroundings, resulting in a stated value recommendation.
*OFHEO index includes only transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Conforming refers to a
mortgage that both meets the underwriting guidelines of Fannie Mae or Freddie Mac and that does not exceed the conforming loan limit, a figure linked to an index
published by the Federal Housing Finance Board. The conforming mortgage loan limit for single-family homes in 2006 is $417,000. Conventional means that the mortgages
are neither insured nor guaranteed by the FHA, VA, or other federal government entities. Mortgages on properties financed by government-insured loans, such as FHA or
VA mortgages, are excluded from the OFHEO HPI, as are properties with mortgages whose principal amount exceeds the conforming loan limit. Mortgage transactions on
condominiums, cooperatives, multi-unit properties, and planned unit developments are also excluded.