Loss Mitigation Solutions
How We Work with Lenders
Recognizing the difficult circumstances and decisions that are a part of any Loss Mitigation Department, ValueNet offers several products to handle this specialized area. For loans in default, ValueNet can provide an accurate valuation which utilizes local MLS data in a number of different formats. ValueNet loss mitigation reports can be done with or without an inspection of the property; and with or without active listings and competing properties. The reports can also be customized to provide market value or an estimate of quick sale value.
For Loss Mitigation or default scenarios, ValueNet can be used:
• As an alternative to a BPO – ValueNet appraisals are completed by a local appraiser.
• As a second opinion of value on REO properties at a price point below many BPOs and appraisals.
• As a reconciliation tool when trying to resolve disparity between multiple valuation estimates.
• As a fast and inexpensive valuation to be used in proposing loan restructuring.
Benefits
• Appraiser analysis and valuation (rather than a RE agent)
• Appraiser training on proper valuation of distressed assets
• Exterior inspection option available
• More detailed reports than broker price opinions
• Custom solutions available based on client needs
• Superior turn around time versus competing products
• Provides both qualitative (through use of local appraisal and local data) and quantitative (analytics of local market data)
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Suggested Products
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