Appraisal & Title Review
Our team thoroughly evaluates the appraisal to identify any potential inconsistencies. Along with consulting multiple resources to estimate value and re-evaluate any questionable appraisals, we share any potential issues with stakeholders to keep them informed and gather their input as required.
Assessing Your Appraisal
In our assessment of the appraisal, we produce a proper estimate that is derived from the current market and comparable properties. We ensure that the appraiser who evaluated the property is licensed and has been certified, further verifying that the appraised value is reasonable and correct. Our investigative team ensures all inspections are covered as per investor guidelines and every aspect of the contract was followed.
Assessing Your Title
Following the appraisal review, the title must be assessed. The aspects that contribute to our commitment report are the title transfer, tax information, mortgage details, judgment details, and the property details. Once these are collected, our loan processing experts prepare a preliminary report that reflects the current status of the subject property.