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The broker price opinion is considered to be an accurate way of estimating collateral value in the current market. Assessments of listed properties are a cost-effective and concise method of obtaining actionable data. Our broker price opinion services help you track, improve and increase your profitability.
There is a wide range of broker price opinion services offered by Reckon that meets the needs of all lenders and it can also aid property owners who are looking to change ownership.
The broker price opinion is considered to be an accurate way of estimating collateral value in the current market. Assessments of listed properties are a cost-effective and concise method of obtaining actionable data. Our broker price opinion services help you track, improve and increase your profitability.
By representing lenders, we can order or bid broker price opinions. We keep track of broker price opinion orders by using BPO order management tools. Our round-the-clock operations can speed up valuation. In order to streamline the mortgage BPO process and ensure maximum satisfaction to the mortgage BPO clients, we adhere to regulatory compliances for property appraisal.
We closely monitor the status of payment on BPO orders using tracking software. A detailed property valuation report is created on an ongoing basis. A detailed property valuation report is created on an ongoing basis. We can increase the marketability of your non-performing or underperforming assets by using our service.
It is essential to stay in touch with all supporting documents and data to provide an accurate estimate of the broker price opinion. Our team maintains a real estate database for evaluating properties and documenting all comparable property data including ownership details, photos, and location information for accurate comparisons.
Each BPO report undergoes a quality check after completion by the real estate agents. Reporting methodology is reviewed to determine if the compliances are met and if other attributes such as renovation estimates, trending market rates, and cost of similar listings in the neighborhood are considered. Any red flags are brought to the attention of the team for further investigation.
