Platinumdata Offers AVM Performance Testing

Platinumdata Solutions, a provider of collateral risk solutions based in Mission Viejo, Calif., has announced the launching of OptiVal, a patent-pending performance testing system for automated valuation models.OptiVal is an automated tool employing user-defined parameters to conduct rigorous AVM data analysis that will allow mortgage originators and investors to determine performance by each AVM, the company said. OptiVal serves as an objective AVM performance testing system and provides a framework for conducting those performance tests based on a lender's custom metrics. The announcement was made at the 93rd Annual Mortgage Banking Association Convention & Expo in Chicago. The company can be found on the Web at http://www.platdata.com.