StreetLinks Lender Solutions has announced the launch of their new USPAP-compliant product StreetLinks LVR, a liquidation valuation report for mortgage servicers and asset management firms. LVRs will be performed by StreetLinks’ nationwide panel of licensed appraisers using a strict appraisal-like methodology based on property condition, comparables and local market trends to provide a thorough and objective analysis of the liquidation price around a strict 90-day marketing window. This fast, accurate valuation review is designed to deliver the assurance servicers seek in their appraisal values.
“Lenders use objective analysis to make a financial decision when funding loans—the same is used during servicing and default. A transaction’s ultimate financial decision requires an accurate and reliable value, which StreetLinks and the appraiser will stand behind,” said Ric Holder, director of StreetLinks’ Mortgage Services Division. “StreetLinks LVR is a versatile servicing tool that can provide relevant data to multiple sectors of the industry, from foreclosure bids to REO sales predictions and initial sales listing price. We’re excited to put a much-needed sense of confidence behind such appraisal values.”
Select StreetLinks clients have already purchased LVR reports and have been impressed with the results.
"As StreetLinks promised, the LVR left us more informed and more confident in our ability to perform a financial analysis of the collateral related to a seasoned mortgage loan portfolio," said Joe Huntzinger, VP of lending at the Indianapolis Neighborhood Housing Partnership.