ServiceLink, a Pittsburgh-based provider of origination and default services, now offers warranted collateral valuations and automated valuation model (AVM) reports to protect against overstated valuations resulting in losses.
These products are designed to reduce the buyback risk between originators and investors due to inaccurate valuations by protecting the lender from a financial loss resulting from default, foreclosure or rejection by the secondary market.
‘With this added protection to the lender, transferee or assignee against an actual financial loss, ServiceLink's offering of the warranted collateral valuations and AVM reports are intended to not only offer greater protection, but to boost investor confidence levels and secure loan approvals more quickly,’ says Kevin Gugenheim, executive vice president and chief strategic officer of ServiceLink.