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March 21, 2008
First American eAppraiseIT Offers Streamlined Version of Its Value Reconciliation Service Product
First American eAppraiseIT is now offering a low-cost, one-page value reconciliation report that will help default and real estate owned (REO) managers make loss mitigation and pre-foreclosure decisions.
The new offering, VRR Lite, like eAppraiseIT’s original value reconciliation service, will give clients a better understanding of the reasons for differences between origination appraisals and subsequent loan servicing valuations and assist in the analysis of loan portfolios, retrospective value reviews, pre-closing and post-closing value opinions and appraisal panel reviews. VRR Lite offers lenders better visibility into the true value of their assets in pre-foreclosure situations, alerts them to indications of fraud and helps them develop more accurate bids for foreclosure sales and initial listing prices for REO properties.
Posted by S. Germain at March 21, 2008 08:48 AM