Skip to main content

Equi-Trax solidifies relationship with industry trade group

Jun 19, 2009

Equi-Trax Asset Solutions LP, a national collateral valuation provider offering a line of hybrid valuation products delivered under a meticulous quality control process to bridge the gap between BPOs and full appraisals, has adopted the Broker Price Opinion Standards and Guidelines (BPOSG), which are consistent with the company’s own standards for high quality collateral valuations. The company provides a range of BPO and hybrid collateral valuation products to servicers, loss mitigation specialists, hedge fund managers and other investors.  BPOSG: Broker Price Opinion Standards and Guidelines is a compilation of standards and best practices for BPO practitioners--real estate agents and brokers created by the BPO Standards Board (BSB), in conjunction with the National Association of BPO Professionals (NABPOP). The standards and guidelines contained in BPOSG are utilized in determining the probable selling price of residential real estate properties. BPOSG is intended to be a set of quality control measures that adhere to the fundamentals, techniques, procedures, and best practices for real estate price evaluations. “These standards are important for our industry, especially now,” said Guy Taylor, CEO of Equi-Trax. “We encourage the vendors we work with to follow these guidelines and because everyone we work with is quality-rated after each transaction, it quickly becomes clear which vendors are taking these standards seriously. It is no accident that many of our top rated vendors are members of NABPOP and have completed educational training and certification tailored around the same principles the BPOSG follows.” The document outlines ethical practices for BPO practitioners and provides guidance on conduct, disclosures, proper application of techniques and more. The guidelines contained in BPOSG allow for flexibility in order to meet a diversity of requirements that are needed throughout the valuation industry. For more information, visit www.equi-trax.com.
About the author
Published
Jun 19, 2009
Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid mounting pressure, frustration from President Trump

Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next

Xpert Home Lending, Executives Sanctioned in Washington Consent Order

Company led by former UWM account executive, Alysia Budd, faces sweeping sanctions

DOJ IG To Take Reins As Inspector General For The Fed And CFPB

Michael Horowitz to lead the Federal Reserve Board’s Office of Inspector General starting at end of this month

Rift That Could Shift The Housing Market

Trump-Musk breakup this week could have implications for federal economic policies as well as the housing and mortgage markets