Valuation Partners has launched a new appraisal tool that protects mortgage lenders from potential loan buybacks when properties receive a high-risk rating on Fannie Mae’s Collateral Underwriter findings. The company’s new Market $en$e report examines in detail the reasons why an appraisal receives a high-risk score and offers solutions if the appraisal can be improved to get a better score.
Every Market $en$e report includes a complete analysis and explanation of the CU score by a licensed, certified appraiser, including a discussion of any unique property factors that made the appraisal challenging. The report identifies and explains any unusual items and includes a sales analysis, key statistics on comparable properties and nearby sales going back several years. If the appraisal can be improved, the Market $en$e report suggests remedies, including fixing any appraiser issues or including better comps.
“More than ever, mortgage lenders and investors demand appraisals they can trust,” said Bill Fall, CEO of Valuation Partners. “High-risk collateral underwriter scores are a particular problem, especially if upon deeper analysis the scores aren’t warranted. Market $en$e provides lenders a high level of assurance and protection against buybacks even if the appraisal comes back with a high-risk score.”
As a standalone product, Market $en$e is faster and less expensive than a desk review. If Valuation Partners does the original appraisal and it receives a CU rating of 4 or 5, a Market $en$e report is automatically included at no additional cost.
Valuation Partners provides nationwide coverage for quality appraisals through its network of geographically competent professionals. As a third-party intermediary, the company keeps originators informed while protecting the integrity of the process and assuring regulatory compliance. Every appraisal is backed by a dedicated account team available six days a week, Monday through Saturday.