mortgage appraisal support services
Outsource Mortgage Appraisal Support Services
One of the important aspects of mortgage loan processing is determining the fair market value and appreciation rate of the collateral property involved in the mortgage. Improper assessment can lead to undervaluation or overvaluation of the subject property. When your company is dealing with multiple, often time-sensitive mortgage applications, it becomes necessary to streamline this step of the mortgage process.
EXALT BPO's Appraisal Support Services
Appraisal quality control is perhaps the most tedious and resource-intensive task in mortgage processing. Our team of mortgage experts directly works with the appraisal company to ensure an accurate assessment of the property. We verify the property’s sales history, maps of the location, the appraiser’s signature, license number, and other key details.
We also identify any discrepancies and roadblocks that may delay loan processing. We request reviews with the appraiser to revise the appraisal in case the valuation seems incorrect. By ensuring that the appraisal report is error-free and correctly values the collateral property, we help clear loans faster and with greater accuracy.
WHY OUTSOURCE Appraisal SUPPORT SERVICES TO EXALTBPO?
The underwriting department is probably the most overworked in a financial institution. It must constantly work with a long list of appraisal companies and individual appraisers, and regularly schedule appointments with homeowners to let appraisers examine the property and take photographs.
By expertly dealing with the minutia of the appraisal process, we help expedite it and lower appraisal-related expenditures to give our clients a competitive edge. We use a combination of manual and automated processes for appraisal quality control, and can bulk-process appraisal applications as well.