Overview of our Black Knight
Home Price Index (HPI)
Designed to provide a more accurate picture of home prices in today’s market for all property types and conditions. Offers a cost-effective alternative to traditional property valuation methods. Its accuracy, coverage and treatment of short and REO sales allow for quick and reliable portfolio valuations.
Who needs it:
Mortgage Originators
Mortgage Servicers
Mortgage Default Managers
Risk Managers
Capital Markets Investors
Real Estate Professionals
Government Agencies
Property and Casualty Insurers
Why you need it:
- Determine values for properties even when limited property information is available
- Help ensure more powerful financial models by incorporating granular property price and transaction data down to the ZIP code level (E.g. housing forecasts and prepay/default/loss models)
Why it's better:
- Updated monthly
- Identifies new trends several weeks before other HPIs
- Offers greater accuracy
- Delivers high geographic granularity with more than 18,500 zip codes, which is more than double that of the nearest competitor
- Includes price tiers that allow for sub-ZIP code granularity
- Covers more than 75% of existing loans; 98% of these loans down to the ZIP code level
- Contains separate price series for REO sales and short sales
- Provides non-disclosure state information for a comprehensive view of market equity with minimal bias
- Measures REO and short sale discounts at ZIP code and price tier level
- Includes both single-family and condos
- Eliminates transaction-weighting bias by using a property-weighted methodology
- Offers experienced support desk to assist with implementation, use, and interpretation included during trial and subscription
How to get it:
- Text file for incorporation into client’s processes
- Third-party providers:
- Moody’s Analytics Data Delivery Platform
Receive a free sample geographical area of your choosing.
Send us a listing of your properties and we will send you a free current price.
Contact us today at 866.964.8343