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realtorsfriend
169 Posts |
 Posted - 03/21/2008 : 5:19:45 PM
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How is the LTV/CLTV filter determined when purchasing a data list? Is it based on the most recent transation LTV at that time? Is it run against some sort of AVM?
My biggest concern is the LTV filter on live credit data.
Recently, I purchased some data from First Am Corelogic. It's expensive but the LTV/CLTV filters were almost dead accurate. I'd really like to go with live credit data - but w/o accurate LTV's it's difficult to make that investment. |
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darkstar
18342 Posts |
Posted - 03/22/2008 : 5:02:07 PM
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| You can get your data anywhere and have it appended by them, whether it's cost effective for you or not, you'll have to find out...They usually require a minimum amount of appends...Good luck! |
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realtorsfriend
169 Posts |
Posted - 03/22/2008 : 7:20:55 PM
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Thanks Stephen.
I still want to know where the LTV data comes from on live credit data.
When I request: "nothing over 75% LTV/CLTV" - how does the list provider derive that number? Do they use an AVM? |
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darkstar
18342 Posts |
Posted - 03/23/2008 : 3:25:27 PM
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| You'd have to ask them, but most probably go off of what the borrower tells them(lol)...Unless they append the list ahead of time, which would greatly increase their cost, they'd have no idea... |
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