   
About Us
Mortgage
Risk Assessment Corporation is a research and consulting firm
that tracks information on residential property values.
MortgageRisk provides portfolio evaluation, market planning,
appraisal review and credit risk services to financial
institutions, broker dealers, and the mortgage banking
industry. Our base of over 300 customers includes leaders in
the capital markets, mortgage insurance and mortgage lending
sectors.
 Our
services are based on the nation's largest property database.
This database includes monthly sales information on
approximately 50 million properties in over 1,000 counties
within 46 states (plus Washington DC). From this data, home
price indexes are constructed using the repeat sales
methodology. These indices give an accurate picture of what
has happened to the value of an average unit in a particular
price range and geographic area (county and zip code).
 In addition, from our second mortgage
database, all new production can be searched to identify
"silent" or "hidden" second mortgages undisclosed to the first
mortgage originator. Research has indicated that silent second
mortgages have a significant impact on the incidence of
defaults and delinquencies.
MortgageRisk's services can provide many benefits:
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Loan-to-Value (LTV) ratios
based on actual changes in home values.
-
Reliable and timely
estimates of current property values.
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Mini title search for the
existence of junior liens.
-
Identification of properties
that have gained/lost equity.
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Default modeling/loan loss
estimation of mortgage portfolios.
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Targeted mailing lists for
marketing.
-
Access to MortgageRisk's
services is provided on CD, magnetic tape or hard copy.
Internet transmission is available for more timely
delivery.
Basis100
Acquisition
Basis100 Inc. (TSX:BAS) completed the
acquisition of 100% of the shares of Mortgage Risk Assessment
Corporation (MRAC) on May 31, 2002. With over 1,700 customers,
Basis100 is the leading provider of automated property
valuations (AVM) to the U.S. mortgage lending market. With
this acquisition, Basis100 now has an estimated 50 percent
market share linking mortgage point-of-sale to the investment
community.
Learn more about this acquisition: Acquisition Press Release
Basis100's global technology solutions
suite is founded on its core technology platform -
POWERBASETM,
which includes:
-
Capital Markets Solutions for cash
and derivatives trading, and settlement and clearing;
-
Lending Solutions for consumer
credit, mortgage origination and processing; and
-
Data Warehousing and Analytic
Solutions for automated property valuations, property
data warehousing, data products and analytics support.
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