With the costs of compliance layering expense on the origination process, automation of appraisal review has become more important than ever to help lenders increase efficiency and increase confidence related to value estimates. Although there are several appraisal scoring options available, optimal solutions will examine each appraisal for potential risk within and outside of the appraisal. Identifying the best solution to fit your company’s needs can be overwhelming, especially since there is no standard format or formula among the various industry offerings. By following the best practices outlined in this white paper, an organization will be better equipped to identify the appraisal scoring technology that delivers the optimal solution that fits their unique workflow and challenges, enabling them to make informed risk decisions.

Publisher: Veros
Date: March 2015
Format: White Paper