Fiserv Unit Unveils Credit/AU Score Product

The Chase Credit Cos., a unit of Fiserv Inc., Brookfield, Wis., has created ValuStar, a product that combines a merged credit report with an automated property valuation score.The product was developed in conjunction with a sister company, Fiserv Case Shiller Weiss. Mark Nogaki, vice president of sales at Chase Credit, said people in the real estate industry have indicated that they could use a product like ValuStar because it provides two of the most important elements in deciding whether to begin the process of making a loan. "This product is unique in that it offers a graphic interface coupled to a narrative that provides for a very quick judgment on a property's value," Mr. Nogaki said. "ValuStar also will allow the user to obtain a full automated valuation, but this product gives the user fast decision-making power at a very reasonable price." Fiserv CSW's ValuScore technology provides the property value assessment portion of ValuStar.