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."

Source: ServiceLink


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.