HomeValueBot now available with Value Insurance

Hopedale, MA, September, 2004— HomeValueBot^sm, the leading consumer web home value tool, is now available with an optional back-end solution that insures value estimates for home equity applications. The insured product combines HomeValueBot with ValueGuard^sm, a service offered by Integrated Loan Services (ILS), a business unit of Fiserv Inc.

Developed jointly by ClickRSVP and ILS, HomeValueBot provides financial institutions and lenders with a private-labeled service to offer home value estimates to their customers, members and prospects. More than three dozen lenders, ranging from top-tier lenders to community financial institutions, are currently using HomeValueBot.

The HomeValueBot/ValueGuard service is offered as part of the ILS lending services platform. Clients can select from a cascading menu of Automated Valuation Models (AVM’s), which includes the insured product. The service is ideal for lenders who want to improve turnaround time and reduce costs on home equity loans.

One national lender reports preliminary savings of nearly $100,000 per month by using HomeValueBot/ValueGuard. When combined with its front-end lead generation power, HomeValueBot delivers a compelling end-to-end solution for lender looking to retain or expand market share.

“Our mission is to connect home equity and refi prospects with their financial institution. HomeValueBot provides a powerful, proven mechanism to accomplish this,” said Joe Timm, VP of Sales for ClickRSVP.

ValueGuard is available for over 90% of U.S. homes and covers home equity loans up to $250,000.

For more information, or to schedule a demo, contact Joe Timm, ClickRSVP (877-807-2027 / jtimm at clickrsvp.com or Dave Stokes, ILS (800-842-8423 / dstokes at ils.com).