SMI Introduces AVM Photo Product

Stewart Mortgage Information, Houston, has announced the introduction of a digital photograph product on its ValuLogix automated valuation model platform.The product, Subject Property Photo, enables digital photographs to be delivered to a lender within 24 hours along with a written inspection indicating the property condition and occupancy status of a subject property, SMI said. It is also available as a standalone product for use in servicing or the foreclosure process. "By providing visual evidence, SMI provides an additional level of confidence for lenders currently using AVMs to speed up their closing process," said Kevin Gugenheim, SMI's president and chief operating officer. SMI's ValuLogix platform allows a customer to use various AVM models based on customer-defined loan and underwriting criteria. The company can be found online at http://smi.stewart.com.