Freddie Mac has approved Platinum Data Solutions as one of nine authorized distributors of Freddie Mac's Home Value Suite to mortgage lenders, servicers and other third parties.
Freddie Mac's Home Value Suite includes Home Value Explorer (HVE), an automated valuation model (AVM), and Home Value Calibrator (Calibrator), a quality control tool that analyzes the relationship between key loan information, borrower information and collateral valuation data.Â
‘We've been in discussions with Freddie Mac about our AVM calibration and testing program, and I believe our dedication to accuracy and suitability is a key reason they selected us a distributor,’ says Phil Huff, CEO of Platinum Data, in a release.
As an authorized distributor, Platinum Data can now sell HVE not only to lenders, servicers and other direct users, but also third party resellers. Another distinction of being an authorized distributor is that Platinum Data is now able to provide Calibrator, which was not previously available through the company.