EMC2 Data Offers Free Software to Mortgage, Real Estate Professionals; Appraisers

DENVER--(BUSINESS WIRE)--In effort to give all players in the residential mortgage process the best tools to serve consumers, EMC² Data, a developer of regression analysis-based valuation technology, is offering its Resilytics software to mortgage originators, real estate professionals and appraisers cost free. Access to the software will ensure every realtor is able to provide accurate valuations for any home residence in the country. 

“I have used this technology for a year and can honestly say it has helped me close more deals,” said Tom Witzel, a Realtor with Re/Max Alliance in Denver. “This tool will help the entire mortgage market because of the level of accuracy it provides on home values. I value this tool because it offers updated information and more importantly, it has the math to back up the values.”
Witzel, who has been in the real estate business since 1999, has used the technology in his listing presentations as well as to help returning clients better price their homes. It is a tool that is beneficial to home buyers and sellers alike, he explained.
Resilytics gives users an automated regression analysis with a 95 percent confidence level on adjustments. In addition to now being cost-free, the technology is backed by a $1-million guarantee on the mathematics behind the analysis.
“We know that having the right home values makes the difference in a deal closing for realtors and loans closing for mortgage originators,” said Jim Silva, founder of EMC² Data. “Unlike other regression technology, our application is automated and delivers users up to 250 comparables to substantiate the 95 percent confidence level in our analysis. Resilytics gives realtors the confidence they need to help their clients price and purchase homes, while giving originators the information they need for underwriting loans.
“We are giving this technology away because we are so confident in its ability to truly improve the way the industry approaches valuations,” Silva added. “Plus, with the proper technology, no one will be able to cite the valuation as the reason the process is not successful.”
About EMC² Data
Denver-based EMC² Data provides enhanced statistical mathematically-based automated regression analysis for property valuations; with its proven technology, the company has created a collaborative platform that brings together real estate professionals and lenders early in the process, in order to improve valuation methodologies and more efficiently increase the number of transactions. For more information, contact info@emc2data.com.