dv01, a platform that connects online lenders and investors with data management, announced on Thursday it has formed a new partnership with real estate brokerage HouseCanary. dv01 reported that through the partnership it will use the HouseCanary Home Price Index (HPI) to provide investors with a more detailed analysis of the non-QM and Credit Risk Transfer (CRT) datasets on the dv01 platform. dv01 also reported through this partnership, investors now have access to accurate home price appreciation data and updated loan-to-value (“LTV”) calculations to better assess underlying asset collateral.
“The HouseCanary HPI is a comprehensive and localized dataset that tracks home prices nationwide with over 40 years of historical data that covers more than 4 million census blocks in the US to ensure the most accurate and local forecasts. Integrating the HouseCanary HPI into the dv01 platform empowers investors to make more informed risk management decisions when purchasing mortgage-backed securities.”
Speaking about the partnership, dv01 Founder and CEO, Perry Rahbar, commented:
“Since a home’s valuation directly impacts a borrower’s payment behavior, investors can now harness critical post-origination data to make even better data-driven decisions. Working with a leading provider in real estate analytics ensures we continue to bring transparency to the capital markets ecosystem and put our clients’ best interests at the forefront of everything we do.”
Jeremy Sicklick, HouseCanary’s Founder and CEO, concluded:
“Our mission is to make real estate valuations transparent and provide actionable insights into residential property, so partnering with dv01 is a natural fit for us. By integrating our HPI forecasts with dv01’s platform we are able to drive better decisions across the residential real estate ecosystem.”