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Article: Hometrack offers a safeguard against overvaluation risks.

Article from:
Lending Strategy
Article date:
February 11, 2009
Copyright

Automated valuation model provider Hometrack has launched Failsafe - a product aimed at safeguarding mortgage lenders against the risk of residential property overvaluations.

David Catt, Hometrack's chief operating officer, said: "By using our AVM which is impartial and supported by the country's most comprehensive comparable database, it is possible to derive objective and consistent valuations at all times, even under current market conditions."

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