Several new appraisal products include an automated valuation model, an appraisal ordering tool and a service that compares multiple appraisals.
Value Report is now being offered by Pittsburgh-based Independent Settlement Services, according to an Aug 8 news release.
The AVM provides instant property valuation, market risk assessment and real estate market data for a single property or entire portfolios.
Value Report leverages HouseCanary’s proprietary algorithms that reportedly draw on more than 1 billion home transactions.
“The Value Report provides lenders with supporting comparable sales data and other drivers of home value to make better, more confident real estate decisions,” Independent Settlement Services Senior Vice President, Director of Sales, Christopher Seymour said in the statement.
A new appraisal ordering
product promises to reduce the appraisal process from as long as 70 days to as few as 10 days, helping to reduce fallout, KeyStoneB2B announced last month. The product handles conventional and government programs.
The West Palm Beach, Florida-based firm offers a network of pre-qualified appraisers, though a lender’s preferred appraisal service providers or AMC can also be integrated into the system.
When the borrower pays for the appraisal,
KeyStoneB2B will schedule the appraisal at the same time. Compliance is tracked, and guidelines and information are organized for the AMC.
SharperLending LLC’s recently unveiled Appraisal Report Comparison tool compares the original appraisal report with any subsequently delivered appraisal report on the same loan file.
According to
Spokane, Washington-based SharperLending, the tool saves lenders, AMCs and appraisers hours reviewing reports.
A strategic partnership was recently announced between Pendo and The Mortgage Collaborative. Lee’s Summit, Missouri-based Pendo is a national AMC that will potentially increase its client base with access to TMC’s 122 lender members.
