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PropertyRx eliminates guesswork from lending scenarios

PropertyRx eliminates guesswork from lending scenarios

There now exists a unique collateral system experience for mortgage lenders. Valuation Partners recently launched Property Rx, a valuation platform that equips lenders with a single point of contact for ordering and receiving a suite of valuation products and services, which can be delivered as quickly as 24 hours. No matter the lending situation or lending scenario, PropertyRx can create a custom solution that will fit a lender’s needs....

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Hybrid valuation solution can be deployed according to a lender's risk evaluation

Hybrid valuation solution can be deployed according to a lender's risk evaluation

In today’s ever-changing lending environment, rising origination costs and regulatory burdens are prompting lenders to look for reliable solutions that leverage convenience and speed at an affordable price — especially in the valuation space. With the expertise from of over 35 years in the business, Valuation Partners recognized the market’s need for a hybrid valuation solution and developed its Property Rx to meet that need....

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How Valuations Can Improve Repeat Business

How Valuations Can Improve Repeat Business

By all accounts, the housing market is shifting into a different gear in 2019. The nation's economy remains strong, unemployment is at a record low and wages are increasing. Nonetheless, mortgage origination volume is shrinking, so lenders will need to fight harder for a smaller piece of the pie. This past fall, Fannie Mae's Mortgage Lender Sentiment Survey found that lenders reported a net negative profit margin outlook for the eighth consecutive quarter. Competition among lenders was cited as their biggest challenge. In a tight market, an obvious strategy is to find a way to generate more repeat business, whether that’s for home equity products, refinances, or purchase loans. One of the best ways to accomplish this is to partner with appraisal providers that are just as dedicated to providing an excellent customer experience as you are. Because they usually have limited contact with appraisers, consumers often feel detached from the appraisal process. This is not a problem when appraisals go smoothly, but very annoying to the consumer when they don’t....

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How to Reduce Costs While Protecting Quality

How to Reduce Costs While Protecting Quality

It’s no secret that loan production costs are among the highest our industry has ever seen. But with a more modest purchase market on the horizon, rising costs have become particularly stressful to bear. Of course, the primary driver of high loan costs is the length of time it takes to close a mortgage loan. And because it is one of the most time-intensive components of the mortgage process, the appraisal is a major factor in controlling costs. Appraisal problems have been known to delay closings and occasionally derail deals altogether, adding greater costs that lenders cannot afford. At the same time, diminishing home values, new appraisal exception rules and in some cases, a shortage of appraisers in certain markets are creating problems of their own. Collectively, these factors can and have been known to have an adverse impact on appraisal quality. With all of these things going on, how on earth can lenders improve valuation quality while reducing costs next year? Rest assured, it can be done. Here’s how....

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