Why should you consider using AVMs?
AVMs are increasingly used by mortgage lenders to determine what a property might be worth in order for them to lend against the valuation. In fact, many lenders use AVMs for prequalification of the borrower to see if the value is reasonable before they proceed with the loan.
What makes Data Analytics important?
Data Analytics products can help to automate the property value validation process, dramatically reducing the number of manual reviews – which can result in huge time and cost savings.
How do Collateral Review products help your process?
Collateral Review products are used by mortgage lenders to determine the probable valuation risk of a BPO or appraisal report. They provide a well-documented and standard process for appraisal and evaluation reviews to help organizations demonstrate regulatory compliance.
Why do you need a comprehensive flood product?
A comprehensive flood product helps lenders ensure compliance with a mandate that requires federally-backed mortgages to have an up-to-date flood status. In addition to satisfying this requirement, the product will also track the flood status for any changes throughout the life of the loan.
With accurate valuations accompanied by complete audit trails, lenders can achieve immediate cost savings while increasing their productivity.