Skip to main content

DartAppraisal.com introduces new custom appraisal warranty

Jun 29, 2010

DartAppraisal.com, a national provider of residential real estate appraisals, has introduced the DartAssurance custom appraisal warranty. The warranty insures mortgage lenders, investors, banks and credit unions against potential loss from home loan default and foreclosure, helping lenders to underwrite collateral with confidence. "Our strength is in our experience and expertise," said Darton Case, president of DartAppraisal.com. "For nearly two decades, we have been the poster child for transparency, accuracy and quality control in the mortgage industry. We also understand the need for all types of risk mitigation amongst our clients. Our custom warranty is designed to help lenders underwrite collateral with confidence. We believe that our product will help stimulate the much needed private investors back into the mortgage market." DartAppraisal.com has partnered with an insurance company that is rated "A" for excellent by A.M. Best. The DartAssurance warranty is fully insured to provide up to $100,000 in coverage for loss tied to a valuation inaccuracy. For eligible loans, which include first and second mortgages, the appraisal is warranted for 60 months from the date of service and is fully transferable. DartAssurance warranty specifications include a maximum loan amount of $750,000, an LTV/CLTV that doesn't exceed 100 percent, and a minimum credit score of 620 for the borrowers on the loan. The warranty works in tandem with the company's industry leading $5 million errors and omissions insurance coverage. The custom warranty fees range from $20 to $30 per appraisal, covering errors in the property appraisal that result in a loss to a financial institution or transferee, through loan default or foreclosure. For more information, www.DartAppraisal.com.
About the author
Published
Jun 29, 2010
The Volume Is All The Way Up On 'Fed Speak'

Why Lenders Hang Their Hats On The Fed’s Every Word

Jul 15, 2024
The Sale, The Risk & The Trend

The chronicles of Norcom Mortgage

Jul 08, 2024
A Reading From The Book Of Kyle

A Texas coach and former pastor felt a calling, spawning a best-selling how-to for loan officers

Jul 08, 2024
Mortgage Applications Increase Slightly In Latest Survey

Applications increased 0.8% from one week earlier.

Jun 26, 2024
FHFA Approves Freddie Mac's Second Mortgage Pilot

The GSE's limited program will permit cost-effective cash-out refinances

Jun 24, 2024
Former Rocket Mortgage SVP Turned UWM Broker Partner

Zoom Home Lending, headed by former Rocket Mortgage executives, partner with their old wholesale rival, UWM

Jun 20, 2024