Mortgage Appraisal Services

Are you looking for a quick fair industry value for your mortgage client's collateral? Are you worrying for unseen errors that may manifest halfway through your mortgage process? Who likes the hassle of dealing with reassessment and rework? NOBODY. WHY? Because it affects your relations with clients. If your mortgage appraisal services are not carried out properly it becomes an inevitable reality. Why not consult an expert and follow few steps to get profits.

Vedic Inc is a leading provider of back-office services for mortgage appraisal. Start from analyzing creditworthiness to providing comprehensive reports we can help you evaluate the collateral with higher level of accuracy. Once you approach Vedic Inc mortgage appraisal support services, you may relax and let your team focus on other areas of the mortgage business.

Mortgage Appraisal Support Services We offer

Whether it’s a residential, commercial, or specialized mortgage appraisal, we have experts who can carry out review (desk and field) of the collateral to get its true market value. We are looking forward to help lenders to pace up financing and maintain a good relationship with the borrower. At Vedic Inc we have a team of experts who are aware of Doff-frank act, appraiser independent requirement, evaluation guidelines and all the other compliances that are critical for error-free mortgage appraisal. Following are the solutions we offer as part of mortgage appraisal support.

Broker Price Opinions

We perform field review of your property to determine if the reported value is consistent with the actual dimensions of the real estate. Being a part of broker price opinion (BPO) service we have to gather the following data to establish its fair market value-

Evaluate the market value of the property at 30, 90, and the 120-day period.
Take an estimate of the damage to the structure, its cost of repair and age to establish a fair price.
A detailed report on the landscape surrounding the real estate which includes positive as well negative attributes.
Obtain accurate areal, satellite, and terrain maps of the area.
Collect the footnotes on recent or pending renovations which include plumbing, fixtures and furnishings.
Capture high-quality pictures of the real estate.

Compliance Review

We do securitize and scan the report created by appraisers to flag inconsistencies. To establish the accuracy of the reported value, we consult multiple sources. Appraisal is carried out as per the federal, state, and GSE guidelines, this job is done by our team. Appraisal report is compliant with mortgage rules and regulations has to be checked. Our observation would be compiled and furnished to stakeholders for taking corrective measures in case any inconsistency is noted in the appraisal report.

Appraiser Panel Review

Mortgage policies and guidelines are intricate and it becomes highly difficult to stay up to date with all policies. So we have to provide appraiser evaluation to check their awareness of possession of state license, mortgage landscape, and experience in appraisal projects. Our services will help you to understand if the appraisal is adherent to the Uniform Appraisal Dataset (UAD) and the Uniform Standards of Professional Appraisal Practice (USPAP). We leave no stone unturned to assure stress-free partnership and our investigative approach will give you a peace of mind.

Title Assessment

By processing unverified titles lenders can face financial risks. We offer title assessment service to ensure a better end-to-end experience to lenders and their clients. We review title transfer records , judgment report , tax information, and other details associated with the collateral. We prepare a detailed commitment report that will declare the real-time status of the property title transfer records

Comparative Market Analysis (CMA)

You can avail Comparative Market Analysis in case you want up-to-date information on the average cost of properties sold with similar attributes in the proximity of collateral. We pull data such as the listed price, the duration for which the property has remained in the market, selling price, etc once you avail this service. You can fast-track financing and save more time in a single sweep without overspending with this information at fingertips

Benefits of Choosing Mortgage Appraisal Support Services

Support for mortgage appraisal is a service which gives you plenty of value-adds. Here is what you get when you outsource mortgage appraisal support services to Vedic Inc -

Super Quick turnaround time which is less than 48 hours (it depends on project volume as well)
USPAP-compliant appraisal reports
Different levels of quality assurance checks
Super Flexible pricing
Quality appraisal reports that comprehensively cover the appraiser merits and title
Lesser risk of mortgage buy-back
Reports which are cost-effective as well as highly accurate

Mortgage Appraisal Support Process We Follow

Our mortgage appraisal support service process is very well-structured and a simple workflow model. We let you to see faster and more accurate results because we abide by the terms of SLA which enables. Your project will be handled as follows starting from inception to completion, -

01 Requirement Analysis

We analyze and classify your needs on priority basis to process your requirement, Once it is done then we establish project scope without ambiguity it lets us speed up deliverable

02 Mortgage Appraisal Review

We conduct field review as well as desk review which is classed under managed service model (MSM). We review the title and appraiser using skilled appraisers

03 Report Creation

Based on our observation and findings we create reports. Based on the insights compiled by our team It allows lenders to make the right decisions.

04 Project Delivery

We handover the final reports to lenders and stakeholders in the mortgage business once the project is completed within specified deadline.

05 Post-delivery Support

We provide complete documentation that lets you pull files pertaining to specific challenges whether you need compliance audit or quality control audit.

Why You Should Choose Mortgage Appraisal Support Services from Vedic Inc?

When lenders miscalculate the mortgage client's collateral or creditworthiness, It becomes risky. The consequence often lead to financial loses and can be severe. But a qualified mortgage appraisal support services provider like us who is compliant with the regulatory standards can help you refrain from this problem. But there are more reasons why you should outsource mortgage appraisal to Vedic Inc and they are as follows -

Certifications

Our Company is state-licensed to execute mortgage appraisal for lenders and financial institutions who offer mortgage services. We are adept at local, state, and federal laws as well that are critical for efficient appraisal

Data Security

We value your data so to preserve its integrity there is a limited access for only qualified professionals

High Accuracy and Quality Service

We are known for quality in the market. The appraisals carried out by us have zero-errors because we have multi-level verification checks and you can be sure that the work is always accurate and result oriented.

Short Turnaround

We reduce the time spent on report creation as we promise the same to our clients.. Appraisal software is used to quicken the project pace as speed is of equal importance to quality.

Scalability

We not only focus on the present requirements but we also strongly focus on future requirements as well so that our clients can take the decision to scale up if required.

Pocket-friendly Pricing Options
We are budget-friendly and suitable for a wide range of mortgage companies and lenders. You may please contact use even if you are on a limited budget.

Single-point Contact

When you have concerns to be addressed it's a hassle to face new representatives on every occasion. So our single-point contact will give you better experience of customer satisfaction and save time as well and more over you will get assistance from people who are closely involved with the project from the initial phase

Mortgage Appraisal Services Software

We use mortgage appraisal software to speed up mortgage financing and cut the risks associated with which errors allows us to improve the quality of service and bring you greater customer satisfaction

Experienced Team of Mortgage Analysts, and Appraisal Experts

We have a team of mortgage appraisals that consists of 100+ residential real property appraisers and general real property appraiser which are certified by the appraiser qualifications board (AQB). Our team will provide you the confidence to trust our reports as they are aware of the latest appraisal practice.

Modern Infrastructure

We are housed with the latest project resources and they are are tightly access controlled. By leveraging our infrastructure the project delivery.

Secure Data Exchange

We have established a secure VPN that lets you send project files without worry to prevent data from falling into wrong hands.

Round the Clock Availability

We work round the clock 24/7 to provid personalized interaction.

Mortgage Appraisal Services