InHouse Inc., an appraisal management company (AMC) and provider of appraiser management technology for banks, lenders, servicers, credit unions and other mortgage originators, has announced that its Connexions appraisal management system now features technology to manage multiple broker price opinion (BPO) vendors, including BPO companies, appraisers and individual real estate agents and brokers. Connexions provides ease of BPO ordering online and the ability to change BPO vendors with the click of a button.
InHouse’s software platform enables lenders and servicers to target BPO vendors based on geographic competency and it manages specific state credential guidelines for BPOs, ensuring compliance. There are no barriers to entry, upfront integration fees, or long-term contracts for companies to order BPOs on the Connexions platform. Lenders and servicers can manage the allocations and quality of their BPOs on one level playing field with Connexions and replace the use of excel spreadsheets for determining BPO rotation—a common practice in the industry. Connexions also enables lenders and servicers to configure their service level agreements in the system to better manage their BPO vendors.
“As more bank-owned REO properties come onto the market, lenders, servicers and investors require a system for ordering BPOs that is fast, accurate and compliant,” said Jennifer Creech, president of InHouse. “InHouse offers the only technology platform that empowers lenders, servicers and investors to make data-driven BPO decisions and appropriately allocate the use of their BPO resources. All of this can be accomplished in real-time with the click of a mouse.”
For more information, visit www.InHouseUSA.com.