Quicken Loans Mortgage Services (QMLS) has launched an automated valuation tool, QL Property Hub, for mortgage brokers, bankers, credit unions and corresponding partners, the company recently announced. QL Property Hub uses multiple machine learning algorithms to present property values using property details, recent comparable sales data and an interactive map with street level details.
“By providing the most accurate home data available, QLMS partners will have more certainty up front on property value and other critical information, and they can then use this information to advise their clients and grow their business,” says David Schroeder, vice president of QLMS. “Quicken Loans is the leader in mortgage innovation and we are obsessed with providing world-class technology to give our partners a competitive edge in the marketplace to attract and wow their clients.”
Today, most lenders cross-reference a number of home search websites, forcing them to rely on often outdated information to determine the value of a property. QL Property Hub provides information that is vetted and verified by technical specialists.
“Property data like square footage, room count and zoning can be outdated on popular home search websites, as the information is simply pulled from public record—there is no verification,” Schroeder says. “We have full-time data experts to review and validate the public property data that we collect.”
QLMS is offering QL Property Hub to partners at no cost. In addition, the tool is not limited to applications placed with QLMS.
For more information, please visit www.quickenloans.com.
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