Denver, CO (PRWEB) February 5, 2008
With real estate volatility at record levels in markets across the country, Integrated Asset Services (IAS, http://www.iasreo.com), a leading provider of residential asset management services, announced today that it has unveiled a new state-of-the-art risk mitigation technology that, for the first time offers banks and other institutional, residential real estate investors the ability to analyze individual properties, portfolios and loan pools down to the neighborhood level.
The Intelligent Market Volatility Index (iMVI™) is a comprehensive quantitative model that compares more than 15,000 homogenous geographical segments utilizing over 400 unique attributes including tax assessor, geospatial, and economic data interpreting unique market conditions that affect value. It provides a micro-resolution median house price index that reports on residential real estate pricing throughout the US, precisely reporting on volatility occurring at a national level down to the neighborhood for a complete view of collateral risk.
"With mortgage delinquency and default rates surging, risk mitigation is critical," said Ryan Tomazin, CFO of IAS. "For the first time ever, iMVI allows the mortgage banking industry to have near perfect analysis of their residential holdings down to the neighborhood level instead of settling for MSA level data. It's like they have had their cataract's removed and can finally see clearly."
iMVI not only produces the most granular market analysis, but also the most timely, examining data that is unavailable from other indexes.
- iMVI uses the entire population of "arms length" sales including condo sales, separated by type, to establish unique indexes by property type.
- Unlike the Home Price Index (HPI), it also includes "non-conforming" sales from MLS, public and market data to more accurately reflect values and risk at the loan level.
- iMVI incorporates conventional sales that capture slower market adjustments not reflected in the Office of Federal Housing Enterprise Oversight (OFHEO) index
- The index also provides volatility information 8 quarters back and 2 future trending quarters.
"We have heard time and again from industry professionals that trends based on old data are virtually useless," said Tomazin. "Our technology delivers real time data and accuracy to accelerate the overall return on real estate portfolios."
iMVI is available as a quarterly index at a zip code level, or--for a more granular, neighborhood view of volatility--through the IAS portal. iMVI is a part of IAS's i-Series of due diligence products that provide distinct and critical data, and when combined, a complete view of market risk, local expert opinions and subject value.
- Broker Price Opinions
- Desktop Reviews with Final Tie-Out Value
About Integrated Asset Services, LLC.
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 volatility 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.