Now more than ever, lenders require a cost-effective means of assessing the condition and conformity of a property in relation to its broader neighborhood; especially when leveraging an AVM to indicate the value of a given asset. Our Property Condition Report™/AVM bundle includes an exterior inspection of a property in conjunction with an estimate of value and is a cost-effective alternative to broker price opinions (BPOs) and appraisals that may be used by lenders to manage risk while maintaining compliance with federal regulatory guidelines.
The value to your business:
- Save time and money with a cost-effective alternative to BPOs and appraisals
- Streamline home equity underwriting, servicing and loss mitigation processes with intuitive order placement and flexible business rules
- Facilitate compliance with Interagency Appraisal and Evaluation Guidelines by considering the exterior condition of an asset when using an AVM
- Assess conformity risk associated with a given property by examining exterior photographs and comprehensive property characteristic data