LPS' Desktop Valuation solution fills the gap between an automated and a field valuation product – giving you quick and accurate opinions of value with the assistance of in-house review appraisers. LPS Desktop Valuations leverage our valuation expertise and extensive data resources and can be combined with a drive-by.
Foreclosure and REO Management
LPS can generate a value, taking into consideration foreclosure and REO costs and trends on the property, review an existing value, or provide a cost-effective update to a prior valuation. In addition, LPS can provide an objective reconciliation of two or more conflicting valuation reports by a seasoned, knowledgeable review appraiser.
Easy-to-Follow Report
Desktop Valuation’s detailed, two-page reports utilize an easy-to-follow format containing:
- Subject property descriptions
- Regional housing analysis
- Comprehensive lists of the most recent, comparable sales
- Comp analysis with the three most similar sales, as determined by the review appraiser
- Area maps that indicate subject and comparable sales locations
- Three-year sales histories for the subject property
- Comment sections to provide a better understanding of the valuation
Get the Big Picture
Desktop Valuation with Inspection (DVI) solution lets you see even more – literally. You will have all you need to make sound valuation decisions at any point in the mortgage process – and have it much quicker and more cost effectively than using a BPO.
With DVI, you get:
- An exterior inspection of the subject property added right to your Desktop Valuation report
- A recent front-angle photograph of the subject property
- Specific subject and neighborhood descriptive features
- Pertinent condition issues and adverse neighborhood influences
Boost your efficiency and fill the gap between AVMs and field inspections with LPS Desktop Valuations.
E-mail LPS Applied Analyics or call 866.964.8343 to integrate desktop valuations into your collateral risk management strategy.