Sugar Land, Texas-based Valuation Partners, a national appraisal management company, has launched its Market $en$e report to protect mortgage lenders from potential loan buybacks when properties receive a high-risk rating from Fannie Mae's Collateral Underwriter (CU).
According to the company, the Market $en$e report examines why an appraisal receives a high-risk score and suggests viable remedies if the appraisal can be improved. Each report includes an analysis and explanation of the CU score by a certified appraiser, including a discussion of property factors that made the appraisal difficult.Â
The report also includes a sales analysis, key statistics on similar properties and nearby sales over the past several years.
‘High-risk collateral underwriter scores are a particular problem – especially if upon deeper analysis, the scores aren't warranted. Market $en$e provides lenders [with] a high level of assurance and protection against buybacks even if the appraisal comes back with a high-risk score,’ says Bill Fall, CEO of Valuation Partners.