StreetLinks Lender Solutions has announced a partnership with InHouse Connexions, which will make automated appraisal review technologies, StreetLinks QX and ValueComp, available to lenders operating within the Connexions platform. The integration between the StreetLinks and Connexions platforms will give eligible lenders the ability to order a StreetLinks QX or ValueComp report for any appraisal order placed through Connexions.
“As regulations tighten, proper quality control measures are at the top of everyone’s mind,” said Jennifer Creech, CEO and president of InHouse, Inc. “The partnership with StreetLinks allows us to offer our clients industry-leading solutions that will strengthen compliance capabilities and QC precision to reduce their exposure to regulatory risk.”
StreetLinks QX is a comprehensive collateral review solution that combines sophisticated automated review utilities with a highly focused manual underwriting process. Recently named one of the 100 most innovative technology solutions in the mortgage industry, StreetLinks QX accelerates the appraisal review process and increases clarity, quality and accuracy in appraisal reports. ValueComp is an industry-leading automated review model and comparable validation tool specifically engineered to technologically replicate a local review appraiser’s execution. ValueComp analyzes each appraisal against StreetLinks, Equifax, MLS and public data sources to validate the comparables used to derive the original value and recommend the most appropriate comps for the subject property.
InHouse lenders will be able to order StreetLinks QX and ValueComp reports independently or together to arm review staff with a clear explanation of comp selection and executable action items that can be used as a guide toward the best next steps in an appraisal review.
“It’s always exciting to partner with organizations that share the same commitment to quality,” said Kelly Taylor, SVP of StreetLinks. “After completing over 1,000,000 StreetLinks QX reviews internally, we’ve seen a 40 percent reduction in collateral underwriting times. We’re pleased to be able to extend these efficiencies to InHouse clients.”
