Outsource Mortgage Appraisal Services for Companies
Is mortgage appraisal eating away your valuable time? Are your clients frustrated with slow mortgage processing times? When mortgage companies hastily process applications, it can lead to financial implications that can delay or jeopardize a mortgage closure. Determining the fair market value and adhering to 100% federal compliance are still the two challenges that can be taxing on time and money. So, make the smart move by outsourcing mortgage appraisal service to experts like us.
Outsource2india's mortgage appraisal support for companies can speed up mortgage closing and financing because we are already familiar with the mortgage landscape for close to two decades. Our panel of reviewers analyze buyer portfolio, reported vs actual measurements of the collateral, complicated compliances, and much more to help mortgage companies decide if the collateral is creditworthy.
Mortgage Appraisal Support Services We offer to the Companies
When you appoint O2I for mortgage appraisal review services we leave no stone unturned. Our state licensed appraisers leverage automated valuation model to check if your client's property is compliant with appraiser independence requirements, Dodd-Frank act, evaluation guidelines, federal reserve board interim rule, and interagency appraisal. Being a one-stop-provider of mortgage appraisal support, we offer the following services as part of the mortgage appraisal -
Assessment of Appraisal
Our service is all about accuracy and timeliness. By electing our mortgage appraisal review services, we check the completeness, quality, and consistency of every report. With up-to-date knowledge of the appraisal review methodologies, we ensure that the collateral property is accurately evaluated according to the industry standards. Behind the scenes, our pool of skilled resource will review appraisals in tune with the Uniform Standards of Professional Appraisal Practice (USPAP).
Comparative Market Analysis (CMA)
Comparative market analysis is part of the mortgage appraisal support services for companies. This service will enable lenders have a clear view of the current market value (CMV) of the collateral without subscribing to the full suite. Sometimes in the event of a foreclosure, lenders need reports quickly to compare the mortgaged property against the other real estate within the same locality. After determining the CMV, we prepare and dispatch the report to lenders for further action. The comparative market analysis will offer you the following -
- Compare the collateral property with the other recently sold real estate sharing similar attributes
- Click property pictures including the interior where renovation is needed
We have a team of licensed appraisers who prepare the appraisal report after inspecting the collateral property. We perform appraisal process by working side-by-side with homeowners and appraisal companies to ensure a clean process from scheduling a site visit till submission of appraisal reports. We work under strict guidelines by meeting the need of appraisal companies within the stipulated time. We aim our service to reinforce your relationship with lenders by streamlining your business processes.
As the part of appraisal management, we offer the following -
- Schedule property visits by obtaining homeowner's consent
- Review ownership history, information on tax returns, and other important property records
- Track and scrutinize appraiser performance
- Dispatch routine reports on the status of appraisal order and the latest developments
Broker Price Opinions
When you want to know the general property value of the collateral, who can be pressed into service? We, that's who. Start documenting the value of mortgage collateral based on the liquidation value. By outsourcing mortgage appraisal support, companies can avail the following advantages -
- A Comprehensive report on the current market value of the collateral property, locality data, history of ownership, local geography, and much more
- A highly precise property estimate based on the fair market value
- If the property needs renovation, we make a detailed checklist of repairs that must be duly carried out
Registration of Appraisers and Quality Control Process
When you outsource mortgage appraisal support to us, we take care of the entire back office support. We help mortgage companies to expand their team of local appraisers by handpicking professionals based on the criteria of state licensing, experience, latest milestone, as well as market awareness. By collaborating with appraisers, we establish the true loan to value (LTV) As part of appraisal quality control, we offer the following -
- Cohere with the planned timeframe to reduce appraisal turnaround time
- To ensure precision in the appraisal reports we define custom and standard quality control parameters
- Create and maintain appraiser database in accordance with the ranking system
Benefits Companies Gain by Outsourcing Mortgage Appraisal Support to O2I
With many years of true industry exposure to various mortgage challenges, we have emerged as the trusted outsourcing mortgage appraisal service company that provides swift document management, quality analysis, as well as communication support to clients worldwide. You can avail a host of benefits by outsourcing mortgage appraisal to Outsource2india.
Some of the advantages are as follows -
- A team of 200+ state-licensed mortgage appraisers ready to perform a property appraisal
- Get covered by our confidential data management practices to safeguard the privacy of mortgage data
- 24/7 service support that helps reduce the turnaround time
- Savings of up to 40% on hiring and training staff
- A well-balanced workload that is 50% more efficient due to need-based operations
- Superior level of accuracy in the reviewed report
Mortgage Appraisal Process We Follow
Being an ISO certified mortgage appraisal services support company that provides appraisal services we have encountered many challenges where we hoisted clients from the hurdle with our superior support. We deliver successful results by following a series of practiced steps. Here is how we handle your project from inception to completion -
01. Requirement Analysis
After project commission, we rope in the client and perform in-depth analysis to extract property related data
02. Mortgage Appraisal Services
We carry out desk and field review on mortgage reports to assess every marker that describes the property. This helps us understand the CMV of collateral
03. Report Creation
If the reported value matches the actual value recorded by our field reviewers, we create a detailed report to help lenders evaluate the borrower's creditworthiness
04. Project Delivery
We evaluate the quality of the reports to ensure its accuracy and compliance with standards
05. Post-delivery Support
We develop and maintain property records for compliance and quality audits after the project delivery
Why Choose Outsource2india for Mortgage Appraisal Support for Companies?
Lending can be a risky business the lesser you know your client. It can be even harder to keep track of compliances and the accuracy of reported values. At times like these, outsourcing mortgage appraisal support for companies can lift you from risky circumstances and bad business decisions. When you leave us in charge of the tasks, we review the reports to bring the maximum satisfaction through quality decisions. Here are more reasons why our services could bring you the results you seek -
We are an ISO certified mortgage appraisal company with the right experience working with lenders from many parts of the world. The knowledge of local, state, and federal law gives us an edge over other vendors.
When you choose us over other vendors the difference is like night and day. Experience the best-in-class safety measures taken by our team to keep your confidential data protected.
High Accuracy and Quality Service
Our workflow is centered around accuracy and completeness in the services we render for clients. As part of this mission, we deliver plenty of value-adds that will help you grow in no time.
When you need fast services or if you are under severe tie contains it becomes a challenge finding a partner who could work by prioritizing your concerns. However, we have the appetite for risk to bring you the values irrespective of your challenges.
If you want to see a scalable performance in mortgage appraisal support, we have the key equation that will support upgrading one or many parts of the business on a short notice.
Pocket-friendly Pricing Options
Finding customized mortgage services is a rarity and it is even harder to find the ones which fit under your budget. Our cost-effective mortgage appraisal services are just what you needed to improve your service coverage and customer satisfaction.
It is difficult to engage with members who are routinely cycled in a project timeline. Customers have to deal with reps who have limited understanding of the project. But not with us! We offer dedicated professionals who will not just assist you with quality service but will readily respond on a need basis.
Mortgage Appraisal Services Software
Completing appraisal without error is always a challenge that is not easy to overcome. We leverage automation software that takes care of bulk and routine tasks where precision and diligence is a priority. With the tasks taken care of by high-quality software, you can prevent errors by up to 75%.
Experienced Team of Mortgage Analysts, and Appraisal Experts
We have a team of 200+ certified general real property appraisers as well as residential real property appraisers. Our professionals are certified by the appraiser qualifications board (AQB) and have over 10+ years of experience in top mortgage appraisal projects.
Our infrastructure is one of the advanced learning centers where much of the project is carried out. With security deterrents (digital and physical) we take care to preserve the integrity and quality of the project. Save up to 40% with ease by outsourcing mortgage appraisal support to us.
Secure Data Exchange
We use FTP and VPN to securely accept and transmit the project files. This prevents the unnecessary risk of data loss or mismanagement.
Round the Clock Availability
We are with you when you need to get in touch with us anytime, anywhere. Our project team and subject matter experts are available by a phone call or email when you need service assistance or project update.
Client Success Stories
O2I Facilitated a Mortgage Valuation Company to Meet Appraisal Service Deadline
A mortgage valuation company approached O2I for appraisal support because the people hired as appraisers had failed to deliver results. The solution offered by us met the client's expectation within the deadline.Read more
Streamlined Mortgage Services for a Residential Mortgage Lender - A Case Study by O2I
Read this mortgage valuation report to find out how O2I helped a customer who was a prominent residential mortgage lender with an average closing period of two to three months and was unable to process loans quickly.Read more
Companies, Outsource Mortgage Appraisal Support to O2I
I am impressed with your team's ability to learn our system so quickly. They have a good grasp on how our system works, they even had to correct me on something today. Rajeev's response and attention to detail has been impressive and appreciated. Thank you everyone and I look forward to being even more impressed by your team in the future.VP, Corporate Operations,
Appraisal Company, Detroit, MI More Testimonials »
Outsource2india has earned a name for itself in the competitive sphere of mortgage services. Our mortgage experts are no strangers to challenges vexing lenders across the world, which is why we are a leading mortgage appraisal support in India with operations covering over 167 countries. 25 years after we began operations, our ISO certified company is still the go-to brand for many corporates and small-sized lenders. If you are unsure where to begin, you need to get in touch with us to see our milestones and service portfolios. With over 50+ projects under the belt, we continue to clinch the name and recognition or being the best mortgage services provider.
Get in touch with us if you want a reliable mortgage appraisal support to streamline client experiences.
Mortgage Appraisal Support FAQs
What is appraisal in mortgage?
It's the process of evaluating (on-site and desk appraisal) your property's fair market value to determine if it's eligible as a collateral asset against a loan amount.
How Do Appraisals Affect Your Mortgage?
The appraisals decide the loan amount you are eligible for. The lender determines your property's fair market value and issues a loan amount that doesn't exceed the value of your collateral.
What is the difference between appraisal and valuation?
Appraisals are conducted by real estate agents to arrive at an estimate of your property's market value. Valuation is done to arrive at a definitive value and is usually done by qualified professionals.