Incenter Appraisal Management will now offer remote appraisal services for non-agency/non-QM lender, Deephaven Mortgage.
Deephaven will provide brokers with Incenter Appraisal Management’s RemoteVal technology, which reduces appraisal turn times from weeks to days, according to the companies. Additionally, a dedicated Incenter Appraisal Service Team will be assigned to each broker, communicating daily on the status of their files.
“With the United States seeing the largest number of unincorporated self-employed individuals in 13 years, brokers can penetrate a new market of credit-worthy borrowers with Non-QM loans. However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending,” said John Keratsis, president and CEO, Deephaven Mortgage.
The new technology enables appraisers to fully manage the appraisal process, and work time efficiently, without having to drive to a property or rely on homeowners or the property contact to take accurate photos on their own.
Instead, using RemoteVal, an appraiser takes control of the property contact’s smartphone camera and then directs them where to point the lens, as the appraiser remotely snaps geographically verified time-stamped images and closeups. The solution’s built-in digital measuring tape—an industry-first—helps determine square footage/gross living area (GLA) measurements, as well, according to Incenter.
“With the increase in demand for these types of loans, the Non-Agency/Non-QM brokers’ time is now,” said Mark Walser, president, Incenter Appraisal Management.