Property Valuation

TransUnion released a new portfolio management tool to help lenders manage risk for home equity loans. TruVision Consumer Property Insights for Portfolio Management was designed to calculate property value fluctuations as more homeowners tap into their accrued equity. The product offers new insights such as combined-loan-to-value. It links property lien data with the corresponding tradeline, allowing lenders to see the actual value for the amount owed on the property, not an estimate. It also provides data about up to five properties owned by a borrower, offering a more complete view of their overall financial health and any potential risk indicators. “Both macro and microeconomic conditions and fluctuations can dramatically impact the value of a property, putting mortgage and home equity…