Ventana Home Mortgage will utilize Computershare's Appraisal Risk Analysis (ARA) to perform appraisal quality control reviews on new loan originations. A cost-effective alternative to traditional field reviews, the ARA report provides an independent conclusion of value and is performed by a state licensed appraiser in accordance with USPAP appraisal review guidelines. The ARA includes area sales data, local home price indices and MLS data. It can be completed in as little as one business day and reports can be customized to specific investor products.
"In today's dynamic housing market, trusted, high-quality valuations are critical to the success of our loan programs," said Joseph Kohout, Senior Vice President of Ventana Home Mortgage. "After evaluating all the different providers on the market, Computershare stood apart with its team's depth of valuation experience and its innovative solutions. It's clear their products were built with a focus on quality and the customer experience, and that gave us immediate confidence that Computershare was the right partner for our needs."
For its rental property assets, Window Rock Capital will use Computershare's Investment Property Analysis (IPA), a desktop review/reconciliation of income-producing property that includes a Form-1007 Single Family Rent Schedule. Each IPA is performed by a certified valuation expert and includes commentary analysis of as-is value and monthly rental rate. The IPA also includes an analysis of both manually sourced and automated rental data, property comparables, and data on local rental market trends.
"We're delighted that Window Rock Capital and Ventana Home Mortgage have placed their trust in our valuation solutions, which have become increasingly popular among investors and correspondent and wholesale lenders,” said Mortgage Solutions President Jim Smith. “Both the ARA and IPA were developed specifically to deliver the speed, quality and reliability our clients need to demonstrate proper due diligence. We look forward to a long and productive relationship."