Canada Guaranty selects Canadaâ€™s residential data and analytics leader to provide superior analytics on the housing market.
TORONTO, ON (February 20, 2014) â€“ Brookfield RPS announced today that Canada Guaranty Mortgage Insurance Company has added the Brookfield RPS House Price Index and Automated Valuation Model (AVM) to enhance the efficiency and accuracy of their current underwriting valuation solution.
â€œBefore selecting these products, we did our due diligence,â€ said Curtis Gergley-Garner, Chief Risk Officer at Canada Guaranty. â€œAfter extensive analysis and testing, we found that the Brookfield RPS House Price Index and AVM have broad national coverage with highly accurate results, which will deliver strong overall value to our underwriting process by complementing our current solutions.â€
The Brookfield RPS House Price Index is Canadaâ€™s most robust national view of house price trends and the Brookfield RPS AVM is the only statistically accurate and cost-effective automated home valuation tool that covers the country from coast to coast. Both solutions leverage the companyâ€™s unique data and proprietary analytics engine. Brookfield RPSâ€™ valuation suite is unique in both its ability to deliver valuations in highly specific markets and in its national coverage. These solutions provide mortgage insurers like Canada Guaranty, as well as lenders, rating agencies and other industry stakeholders with the information they need to make better and more informed decisions.
â€œCanada Guaranty is known as a leader in the industry for their customer service, innovation and strategic use of market analytics,â€ said Dave Lacey, President and CEO of Brookfield RPS. â€œTheir selection of our House Price Index and AVM is further validation that our solutions are adding real value in the marketplace.â€
The Brookfield RPS House Price Index and AVM are part of a complete suite of risk and valuation tools and products, including: traditional appraisals (full, drive-bys and desk-tops), portfolio analytics, consulting services, custom reports and more. For more information on the Brookfield RPS House Price Index and AVM, please visit: www.brookfieldrps.com.
About Brookfield RPS
Brookfield RPS, a subsidiary of Brookfield Asset Management Inc., is a leading Canadian provider of outsourced appraisal management, single-source home inspections, mortgage-related services and real estate business intelligence to financial institutions, real estate professionals and consumers. The companyâ€™s expertise in network management and real estate valuation (managing a network of more than 1,500 appraisers across Canada), together with its innovative technologies and services, has established Brookfield RPS as the industry thought leader and trusted source for residential real estate intelligence and analytics. For more information, please visit www.brookfieldrps.com.
About Canada Guaranty Mortgage Insurance Company
As the only 100% Canadian-owned private mortgage default insurer, Canada Guaranty Mortgage Insurance Company is backed by the leading financial strength of its ownership group, comprised of the Ontario Teachersâ€™ Pension Plan and National Mortgage Guaranty Holdings Inc. Working with industry partners to promote greater access to sustainable homeownership, Canada Guaranty offers mortgage and lending professionals with improved choice through a dedication to service excellence and a comprehensive suite of mortgage default insurance solutions. With headquarters in Toronto and a growing team providing national coverage, Canada Guaranty remains committed to meeting the diverse needs of homebuyers across the country. For more information, please visit: www.canadaguaranty.ca.
Yvonne von Jena
Head of Innovation & Marketing