Default / REO Services

With a nationwide staff of highly-qualified appraisers and talented, experienced Default/REO operations and quality control personnel, Default Valuation Solutions within CoreLogic provides lenders and loan servicers with quality traditional 1004 REO appraisals,as well as AVMs, and Value Reconciliation products. Products that provide all the detailed information required to assist in making the best possible decision on reconciled values with respect to foreclosure-sale bidding and REO disposition strategies for non-performing single-family real estate assets.

Time is money in REO. Receiving accurate, time-sensitive valuation services can help minimize holding time and contribute to increased net recovery on REO properties. CoreLogic,with a unique client-side perspective regarding quality of product and service delivery requirements of lenders and servicers that is unmatched in the industry is a recognized leader in the mortgage lending arena.

• Uniform Residential REO Appraisal Report (form 1004 with REO Addendum)
• Value Reconciliation Report – A solution to help lenders combat potential misrepresentation in the valuation of a property. Our licensed, certified appraisers or real estate professionals review the original appraisal then obtain and analyze multiple property valuations (public and private) on the subject property. They render an opinion as to which value is the most reliable and include comparable sales data and appraisal methodology.

Key Benefits of the Value Reconciliation Report

• Saves lenders and services time and money (in REO time IS money)
• An unbiased third-party opinion
• Can identify potential misrepresentation
• Analyzes valuation methodology and value credibility
• May be tailored to lender’s or servicer’s special needs
• Can help to decrease holding time while potentially increasing net recovery

Contact us today to learn more about any of our Default/REO products and services.