The RVM – From Real Estate to Mortgage Collateral and RPR’s National Launch Update

For the past four weeks RPR’s communications have focused on the REALTOR’S® important connection to the mortgage industry through a series of articles written by RPR Vice President of Analytics-Patricia McClung. Tricia has used her 23 years of experience with Freddie Mac to describe how the REALTOR’S® market level role in the housing market is vital to accurate property valuations for the mortgage industry, but also how the Realtor Valuation Model® (RVM®) assists the mortgage industry in underwriting decisions, which have the potential to make capital more fluid in real estate transactions.

RPR’s latest article released on Tuesday, October 2, 2012 is titled, “How Everybody Wins, Starting with the Consumer.” This article is designed to bring focus to closing the gap between the point-of-sale (the REALTOR®) and the investor by using a common set of market analysis tools throughout the real estate/mortgage value chain.

As RPR expands its coverage to all of NAR’s one million REALTORS®, the opportunity to create and support a REALTOR® driven, property valuations database takes on an extremely important component of rebuilding a healthy and sustainable real estate market. As Tricia states in the article, “The REALTOR’S® use of RPR’s capabilities and the mortgage industry’s access to RPR’s Realtor Valuation Model® (RVM®) are important components of rebuilding a foundation of trust into the housing process.”

This ultimately is the vision for RPR, to provide REALTORS® with advanced technology tools and features. This technology that can be utilized to provide their clients and customers with dynamic reports and advanced analytics that can assist them in making better informed decisions when buying or selling properties. The creation of these analytics can in turn be of tremendous benefit to the mortgage industry, within the REALTOR® brand.

If you haven’t had a chance to read Tricia’s insightful articles, go to:

RPR’s National Launch-Coming November 1, 2012

In preparation for RPR’s National Launch to all REALTORS® on Thursday November 1, 2012, the RPR team has created a number of enhanced resources on the RPR blog to assist practitioners in getting the most from this NAR member benefit system.

  • RPR’s National Launch Landing Page – Go here for a quick introduction on what the National Launch and what it means to you. Check if your market is already live or sign up for a class and mark your calendars for November 1, 2012.RPR National Launch
  • RPR’s New Training Resource page – Here you will find comprehensive training tools and a full schedule of online classes. Staff trainers for MLS/CIE’s, Associations and Brokerage firms will benefit from expanded Train the Trainer courses and support, as well as PowerPoints, videos and handouts to assist members with information on the latest RPR release features, tools and reports.
  • Enhanced MLS and Association Landing pages include a new marketing resource tab, which includes quick access to logos, graphics, videos, printed material and “badges” which can be placed on your website to offer easy navigation for members to go directly to RPR’s support systems.RPR Badges
  • The expanded RPR Commercial landing page now includes updated videos designed to assist REALTORS® in getting the most from the RPR Commercial system

Look for your invitation to RPR’s all member webinar on Thursday October 25, 2012, and mark your calendars for RPR’s National Launch one week later on Thursday, November 1, 2012.

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