Real-time and bulk AVM delivery solutions, providing the ability to cascade top industry Automated Valuation Models. LenderClose offers the widest range of national AVM suppliers including Freddie Mac’s Home Value Explorer® (HVE®).
AVM back-testing; which represents the process of comparing AVM outputs against benchmark values to gauge the model’s performance, is a value added feature offered by LenderClose.
Access exterior and/or interior physical inspection and photos of a subject property. Property Condition Reports provide lenders the ability to assess the overall subject property condition rating and external factors. Property Condition Reports satisfy the Interagency Appraisal and Evaluation Guidelines. Inspecting the real physical situation of the property and market variables affecting its market value is essential to the management of risk.
A post disaster inspection plays a crucial role by estimating the damage and repair costs of a property after a disaster, bringing lenders peace of mind and reassurance.
Home equity and portfolio loans under $250,000, eValuations or Hybrid Valuations can serve as a great alternative to traditional appraisal products. Hybrid and eValuation reports include a site visit, along with comprehensive market analysis, comparable sales, county data and more producing USPAP compliant valuation solutions.
Integrated with top industry national Appraisal Management Companies (AMCs), the LenderClose solution provides national coverage built into a single solution. Valuation options include 1004s, 2055s, 1073 forms and more.