Chapter 17: Property Data & Analytics
IN THIS LESSON
What is it?
Lenders need a cost-effective means to assess the condition and conformity of a property concerning its broader neighborhood, especially when leveraging an AVM to indicate the value of an asset. Our Property Condition Report™/AVM bundle includes an exterior property inspection and an estimate of value. It's a cost-effective alternative to broker price opinions (BPOs) and appraisals often used by lenders to manage risk while maintaining compliance with federal regulatory guidelines.
Key Benefits
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
