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Automated Valuation Models in 1-2-3

Automated Valuation Models (AVM) are becoming the norm with lending institutions across Canada. It is important that if you plan to integrate Automated Valuation Models into your workflow that you understand what an AVM is and what it is not. Often AVMs are confused with appraisals because they both deal with evaluating property value. However,... Read more

In the News: Governments Move to Restrict Shadow Flipping

pfl1Shadow flipping = a complicated and scary process that provincial governments are lifting the veil on and calling into the spotlight. How does shadow flipping work? Basically, when a property is listed for sale, the buyer has the right to ‘assign’ (this can be through selling the contract)... Read more

The Numbers Are In: House Prices Up 2.0% in July

HPI-

In July, the Teranet–National Bank House Price Index™ was up 2.0% from the previous month, the second largest July increase since the Index series began in 1999. The advance was not very broad-based; prices were up in only seven of the 11 metropolitan... Read more

When Sales Comparables Matter to You

pfl2 When a mortgage broker or branch brings forward a deal and the underwriting process takes place, one of the most important things you will look at is the property’s value. This, however, can also end up being a major area of contention that leads to disagreement. It... Read more

Mortgage Underwriters 101 – 7-Point Online Fraud Check

Mortgage fraud costs you big! The only way to mitigate it is to identify it and prevent it. Like a vehicle inspection, we have created this 7-point fraud check that your underwriters can use when working on a deal! purv2   Want to learn more about how you can identify and... Read more

The Numbers Are In: House Prices Up 2.3% in June

HPI- In June, the Teranet–National Bank National Composite House Price Index™ was up 2.3% from the previous month, the largest June increase since the Index began in 1999. Prices were up in 10 of the 11 metropolitan markets surveyed. Gains exceeded that of the countrywide index in six... Read more

Scheduled Maintenance for Purview

maintenance Please be advised that Purview will be unavailable on Saturday, July 16th from 8pm to 11pm for scheduled maintenance.  Please ensure you run any critical Purview reports in advance of this maintenance shut down. We apologize for any inconvenience this may cause.  ... Read more

How Much Do You Know About Real Estate and Mortgage Fraud?

We are putting your fraud knowledge to the test. Share this quiz with your underwriters to see just how much your team knows about identifying real estate and mortgage fraud. pfl1   Want more information about how you can help your underwriters identify fraud when underwriting a deal? Check out Purview For... Read more