With volumes and servicing requirements increasing, it’s critical to employ a full-spectrum of valuation products to address a wide variety of situations. When a well-supported, reliable property valuation is needed quickly—within a couple of days—a traditional BPO may be too comprehensive and an AVM may not be enough.
DATA ASSIST™ is the answer. It’s a quick, inexpensive, unbiased hybrid property value conclusion researched and supported by a valuation expert. DATA ASSIST allows you to make faster, more informed decisions so you can handle escalating volumes without increasing your property valuation costs in both loan decisioning and servicing. The solution is also available as a retrospective format, Retro DATA ASSIST™.
A Comprehensive Solution
DATA ASSIST includes:
- Verification of the property’s legal address and ownership
- Three recent comparable property sales selected from within the subject’s market area
- Analysis and adjustment of the value based on differences discovered between the three comparables and the subject property
An Ideal Solution For Multiple Applications
DATA ASSIST is designed for when you need:
- Fast turnaround in a valuation insight: usually within 24 hours
- Valuation support for early loss mitigation decisioning
- Principal write-down valuation support
- High-volume portfolio valuation targeted for acquisition, setting bid instructions and reserve setting
- Second lien holder equity analysis for pay-off decisioning
- Home equity valuation for low-risk situations
- Underwriting and quality control tool
Retro DATA ASSIST™
When you need an inexpensive option to determine a property’s value at an historic date, this solution delivers:
- Fast turnaround – within 24 hours
- Data-informed analysis that helps you determine the need to order more expensive, comprehensive retro appraisal BPOs
- A way to assess potential to successfully refute repurchase demands
