LRES now offers hybrid valuation products to help its clients meet evolving property valuation requirements in a changing mortgage lending environment. LRES’ hybrid valuation products combine accurate property values with additional information that is often overlooked but can substantially impact a property’s value. Examples of its hybrid valuation suite of offerings include a broker price opinion (BPO) matched with repair costs; a BPO reviewed by a licensed appraiser; an analysis of mortgage pool assets paired with and enhanced by understanding a current property’s value, repair costs and as-repaired value; and post-transaction analysis that includes data from a thorough review of previous valuations and reconciliation of value differences.
The hybrid offering is flexible and the services are configured to meet specific client requirements.
“Our hybrid valuation products generate more accurate valuations by including additional information that is proving very useful to our clients,” said Roger Beane, CEO of LRES. “This reduces lenders’ risk and increases profitability.”