DENVER--(EON: Enhanced Online News)--As real estate and mortgage professionals look for ways to ensure that homes have the value to lead to successful purchases, they are turning to technology. Les Pfenning, one of Colorado’s most successful Realtors with ReMax Alliance, is calling Cloud Real Estate Network (CRN) Lite the best valuation tool he has used in his more than 30 years in real estate. He is so impressed with the technology that he and his partner Tom Witzel plan to share its virtues with every real estate office in the state.
“Regression technology is the next and most logical step toward value transparency, which is the foundation of solid originations.”
CRN Lite is one of several valuation products from EMC2 Data, a developer of automated regression analysis-based valuation technology. Some of CRN Lite’s features include easy comp selections, neighborhood stratification trend analysis and adjustments at a 95 percent confidence level. Properly using the right technology to obtain accurate home values early in the process can prevent surprises later on.
“To have an interactive tool where you can share information with all the parties in the process is key,” said Pfenning, who has used the technology since June and plans to extol its values to his colleagues throughout Colorado. “This technology allows us to change the way we approach selling homes for the better because it changes how we look at real estate and how we can better help consumers. We can now give much more accurate value information to consumers so that they are able to make an intelligent buying decision.”
Real estate professionals in California have used EMC2 Data’s technology for more than two years. In addition to introducing the technology to Colorado real estate and mortgage professionals, the company has caught the eye of industry experts who understand its potential.
“As the industry continues to focus on rebuilding, more companies want to establish measures to prevent the same valuation issues that plagued us during the last industry meltdown from resurfacing,” said Mike Larssen, CEO of EMC2 Data. “Regression technology is the next and most logical step toward value transparency, which is the foundation of solid originations.”
In addition to improving the way real estate professionals look at valuations, Pfenning said he will share the technology with consumers, appraisers and mortgage underwriters so they too can understand its value. “This technology is another step in the direction of having a truly paperless mortgage, a goal of the industry for more than a decade now,” Pfenning explained. “EMC2 Data’s technology will allow us to make the process easier for everyone involved.”
About EMC2 Data
Denver-based EMC2 Data provides enhanced statistical mathematically-based automated regression analysis for property valuations; with its proven technology, the company has created a collaborative platform that brings together real estate professionals, appraisers and lenders early in the process, in order to improve valuation methodologies and more efficiently increase the number of transactions. For more information, contact Michael Larssen at firstname.lastname@example.org.