Real Property Decisions, a provider of property data, analytics and valuation solutions for the mortgage industry, has debuted its Default Reconciliation Report, a new offering that provides mortgage servicers and investors with valuation information to supplement a broker price opinion or appraisal for non-performing and REO assets.
Through the service, desktop value reconciliation services are performed against two client-supplied baseline property valuations, which may include any combination of listing BPO, independent BPO or real estate appraisals. Two additional automated data sets are also incorporated into the analysis and reconciled, the company says. The data includes a cascading Intelligent Valuation Report and an advanced property rental report from RentRange.
The Default Reconciliation Report also includes a narrative analysis of the client-supplied and automated valuation reports; identification of positive and negative factors affecting value and/or marketability; a repair and/or rehabilitation cost-estimate review; and a recommended listing and sales strategy.
The company adds that the new report is a USPAP-compliant product that supports retrospective and complex reconciliation requests and can be modified to incorporate additional data and analytics into the decisioning process.