Home appraisals are vital for the mortgage lending industry, so much so that the entire US Real Estate Appraisal industry is valued at $8 billion. Home appraisals are important because they paint an unbiased picture of the actual worth of a house in the fair market and require a lot of training and deduction skills through licensed individuals. Professional mortgage support services are, therefore, needed to ensure the home seller, the homebuyer, and the mortgage lender knows the true value of the real estate property.
Flatworld Solutions is among the leading outsourcing firm that has years of experience in liaising with professional appraisers and providing the right kind of support required for a pre-defined loan amount and the loan-to-value ratio. We save mortgage lenders and brokers time and effort by directly dealing with your mortgage appraiser while ensuring strict quality control over the appraisal for accuracy. Our offshore services go beyond the usual form filling and help you ask tough questions. If a property value is increasing gradually, we help you find out if this increase is sustainable. For each project, we begin afresh by re-examining your market to refrain from defensive appraising and give you all the support you need by providing value-added assistance.
New real estate regulations place a broader emphasis on home appraisal compliance, and violations can easily lead to stiff penalties. Our back-office services can help mortgage bankers take a proactive approach and develop a compliant and extremely successful appraisal process from scratch. Our services include -
In cases where lenders or brokers require a quick and professional valuation of the property and do not have time for an appraisal report, we can help provide them with insightful Broker Price Opinions (BPO) which in turn can help them determine the property value. The following services are included as part of our pricing opinion services -
We provide a comprehensive range of services for companies, including broker price opinions, appraisal selection, and task allocation, appraiser enrolment, appraisal panel review, appraiser supervision, and comparative market analysis.
Under our mortgage appraisal review support services, when we receive the report from the appraisers, we review it while checking for accuracy, compliance (both UAD and USPAD), consistency, and overall thoroughness. This is where our experience in the mortgage field shines through, as having been the partner of choice for several mortgage brokers and lenders in providing affordable services, we know exactly what to look for in an appraisal report. We ensure every potential issue is potted and brought to your attention before things move forward, while also providing you with a clear analysis of the factors which we believe are influencing the appraisal value.
Our services are in huge demand among real estate appraisers, mortgage lenders, and borrowers. Our data entry experts assist in appraising mortgage lending records, property tax assessment, buyer and seller negotiations, property M&As, lease documents, etc. within the promised time.
Every mortgage underwriting department must deal with a huge roster of title appraisal companies and independent appraisers as a part of their mortgage process. Appointments also need to be set by the homeowner so that the appraisers can examine and photograph the property within a short time. It takes a well-coordinated support system to ensure that the appraisals are being ordered and reports are being sent back on time by the appraisers.
With a team of back-office experts well-versed in the process, we can order appraisals from the appraisers who can do your work within a few minutes of receiving your request or from your lenders. Our team regularly follows up with the appraisers to ensure everything goes according to plan and the scheduling, inspection, and reporting on the property's appraisal gets completed within a short turnaround time.
When you outsource mortgage appraisal support to FWS, we also provide extremely professional comparative market analysis (CMA) services to determine the listing price quickly and accurately for the property. Our services include -
All our appraisal reports are in strict adherence to government laws and regulations, as well as in conformance with HUD/Fannie Mae guidelines. Some of the many reports we can help you generate include -
Flatworld, a pioneer mortgage appraisal support company, offers end-to-end appraisal support services for mortgage lenders that cover a wide range of functions including processing related services and appraisal title checks amongst others. Our team of highly skilled individuals helps you make informed decisions and provide complete validation, evaluation, and review for the appraisal process. Our skills ensure the final appraisal report of value covers the following aspects correctly -
We understand the amount of workload that our clients have, and therefore when outsourcing to us, we ensure simplicity and compliance are always maintained so that you have very less to do while leaving the process to our experienced professionals. Our process includes -
Now more than ever, mortgage lenders need to focus on their key deliverables to compete in the cutthroat mortgage world, while sticking to regulations and byelaws which change year upon year. When you outsource to us, we help you benefit from the following -
A mortgage valuation company contacted FWS to outsource appraisal support due to inferior results delivered by the previous provider. Our solution surpassed the client's expectations and the results were better within the deadline.
When you outsource appraisal quality control support to us, you are assured of the best appraisals delivered in the quickest time possible. Moreover, you can free up your internal resources to focus on your core business activities and grow your business. Our mortgage support services are custom-tuned as per your requirements and budget, and we promise 100% compliance with all US and UK mortgage lending laws.
Contact us and see how Flatworld can offer you support for appraisal ordering and quality control processes.