PASADENA, Calif. – Wescom Credit Union has teamed with Irvine, Calif.-based Basis 100, a provider of collateral valuation tools for the residential real estate industry, and has added a new Home Value Check feature to its eBranch electronic banking Web site, for members interested in refinancing or purchasing a home. By using Home Value Check, members can get a minimum and maximum estimated value on their home, as well as recent sales data on three comparable properties in the area. In addition to the estimated dollar value of the house, Home Value Check provides the member with the square footage, number of bedrooms and baths, year build and sales price. These features, says Wescom, will help those members who already own a home and are considering applying for a home equity loan, to find out the amount of equity they could tap into with a loan. Home Value Check is accessed from the Mortgage Center on Wescom's Web site – wescom.org. It is available exclusively to Wescom's more than 172,000 members. When the member clicks on the Home Value Check link, they are prompted to log in to eBranch. Once the member logs in with their account number and PIN, the Home Value Check page appears. The member then just has to enter the street address, city, state and zip code of the house and submit the information. The Home Value Check report is delivered within minutes to the member. Wescom points out that Home Value Check also provides the credit union a cross-selling opportunity. Members who access Home Value Check are asked if they would like to be contacted by a Wescom real estate representative regarding buying, selling or refinancing.
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