Outsource Appraisal Support Services for Mortgage Appraisal Companies
Expert Mortgage Assistance has wide experience in providing back office support services to mortgage appraisal companies. Our services enable mortgage appraisal companies determine the accurate fair market value of a property in full compliance with the Dodd-Frank Act, Appraiser Independence requirements, the Interagency Appraisal and Evaluation Guidelines and Federal Reserve Board Interim Final Rule. We combine our vast experience of working with numerous property appraisal companies with cutting edge technology to provide our clients with the best appraisal services.
As a premier mortgage appraisal services company, we develop and document accurate property appraisal reports containing updated property value. Our services are focused on reducing the average turnaround times in the property appraisal process without compromising on the quality of the process. Our review of property appraisal reports encompasses all crucial touch points of an efficient appraisal methodology such as details of the location of the property, trending market rates around the location and the current renovation requirements of the property. Our clients outsource mortgage appraisal services to us for an all-inclusive solution for their property appraisal needs.
Our Full Suite of Mortgage Appraisal Services
Appraisal Ordering and Management
We schedule and arrange for a licensed property appraiser to visit the property location for inspection and appraisal report preparation. We liaise with the homeowner and the appraiser to ensure the hassle free competition of the appraisal. After initiating an appraisal process, we work closely with the appraiser, following the order to ensure that deadlines are met. As a premium mortgage appraisal support company, our services are dedicated to driving the efficiency of your business process so that your relationship with lenders is always at it sbest.
Our Appraisal Management services include:-
- Appraisal scheduling and order dispatch to appraiser
- Process quality management through in depth review of property information like ownership history, tax returns etc
- Monitoring of appraiser performance
- Consistent reporting on Appraisal Order status and progress
Appraiser Registration and Appraisal Quality Control
As a premium mortgage appraisal services support company we provide the back office support needed to help mortgage appraisal companies build a team of local appraisers as per their organizational goals. We evaluate and categorize appraisers based on past performance, state licensing, market knowledge and experience to drive superior quality in your appraisal process. We augment this effort by liaising with the appraiser to get accurate estimates of the market value of the property.
Our services include:-
- Creation and maintenance of appraiser database based on ranking system
- Defining stringent quality control parameters to ensure accuracy of appraisal reports
- Ensure strict adherence to timelines for faster property appraisal turnaround times
We review and analyze appraisal reports for completeness, consistency and quality. Our review entails a detailed understanding of the techniques and methodologies used in the appraisal process to ensure that the property is evaluated as per industry standards. Our appraisal review services, completed by highly qualified and licensed appraisers, are based on guidelines of Uniform Standards of Professional Appraisal Practice (USPAP).
Comparative Market Analysis
Our CMA services enables you to give lenders an accurate estimate of the current market value of the property without the need for a complete appraisal process. If the lender requires you to give them a report on the market value of the property at the earliest in the event of a foreclosure, for example, we compile detailed reports based on an empirical comparison of the property with similar ones in that geographical location. This way we help you determine a fair market value of a property and dispatch it to the lender as per the requirement.
Our CMA services are based on:-
- A detailed comparison of the property with similar ones that have been recently sold
- Includes pictures of the property including rooms and items in the house that need renovation
Broker Price Opinions
With our broker price opinion services, we assist appraisal companies in determining the general property value of a house. We also assist you in documenting the value of a mortgage collateral and the property liquidation value. These two sets of information helps in the development of high-quality reports.
Our broker price opinions are designed to give appraisal companies:-
- A detailed estimate of the fair property value
- A check list of all the repairs and renovations that are required on a property
- A detailed report of the location of the property, current trending market value of the properties in the area, ownership history, title information and location maps
Why Outsource Mortgage Appraisal Support Services to Expert Mortgage Assistance?
With over 10 years of experience in providing top quality back office support for global appraisal companies, we bring a systematic approach to appraisal management. We combine qualitative analysis, document management and an efficient communication channel to streamline your property appraisal process. We consider all the factors that impact the fair market value of the property when we review and document the appraisal reports received by the licensed appraiser. The following are some of the many benefits that you get with our appraisal services:-
- A workforce of over 1000+ mortgage experts trained on property appraisal management
- Up to 30% reduction in TAT, leveraging 24/7 work environment
- Up to 40% reduction in per employee operational cost
- Requirement based work culture with support to peak workload efficiency by 50
- 100% data confidentiality and privacy
- Guaranteed 99% accuracy in review of appraisal reports
- End-to-end back office support with all aspects of appraisal management
Looking for a premier mortgage appraisal services company to take charge of your appraisal process? Outsource appraisal support services to Expert Mortgage Assistance for an all-inclusive solution for every appraisal requirement.