LRES, an Orange County, Calif.-based provider of residential and commercial valuations and asset management, now offers hybrid valuation products to help clients meet evolving property valuation requirements in a changing mortgage lending environment.
According to the company, its hybrid valuation products combine property values with information that is often overlooked but can substantially impact a property's value. Roger Beane, CEO of the company, adds that the features reduce a lender's risk while increasing profitability.
LRES says examples of its hybrid valuation suite of offerings include a broker price opinion (BPO) matched with repair costs; a BPO reviewed by a licensed appraiser; an analysis of mortgage pool assets paired with and enhanced by understanding a current property's value, repair costs and as-repaired value; and post-transaction analysis that includes data from a thorough review of previous valuations and reconciliation of value differences.
