Real Property Decisions has released its new Default Reconciliation Report, a valuation analysis service which provides mortgage servicers and investors with critical valuation information to supplement a broker price opinion (BPO) or appraisal. The Default Reconciliation Report meets the growing industry demands for a higher level of valuation diligence for non-performing and real estate-owned (REO) assets.
“This innovative new valuation analysis service is powered by a unique combination of geographically optimized third party data and desktop appraiser expertise,” said Eric Taylor, president of Real Property Decisions. “It delivers an accurate and defensible means for residential property servicers and investors to make better acquisition, pricing, and disposition decisions.”
Desktop value reconciliation services are performed against two client-supplied baseline property valuations, which may include any combination of listing BPO, independent BPO, or real estate appraisals. Two additional automated data sets are also incorporated into the analysis and reconciled accordingly. They include a cascading Intelligent Valuation Report and an advanced property rental report from RentRange. These key additions deliver a wealth of new knowledge to the appraiser and the end user, effectively bridging the information gap present in traditional valuation products.
The Default Reconciliation Report also includes:
►A narrative analysis of the client-supplied and automated valuation reports
►Identification of positive and negative factors affecting value and/or marketability
►A repair and/or rehabilitation cost estimate review
►An owner-occupied versus investor target audience determination
►A recommended listing and sales strategy (as-is, repaired, or occupied rental option)
►Detailed observations and conclusions
►The appraiser-derived quick sale and standard marketing time value estimates
The Default Reconciliation Report is a Uniform Standards of Professional Appraisal Practice (USPAP)-compliant product that supports retrospective and complex reconciliation requests, and can be easily modified to incorporate additional data and analytics into the decisioning process.
