Appraisal Management Companies (AMCs) are trying to deliver quality appraisals to the lender at the lowest cost and in the quickest time. AMCs and lenders are reaching out to organizations like SLK Global to deliver integrated solutions which can help them remain profitable and become competitive.
Accurate entry and validation of every (manual) order to avoid misplacement, delay or duplication of orders.
SLK has helped its customers reduce their loan processing time by over 25% Case StudyAdd Query
Quicker assignment of orders to appraisers/vendors - selected based on their rating, proximity, price and availability; tracking appraiser appointments and updating the client on delays.Add Query
Detailed verification of all payments received to ensure accuracy and to identify charges or refunds.Add Query
Follow up on orders assigned to appraisers, validating and updating expected order completion time.Add Query
Tracking of appraiser appointments, confirmation of appointment, updating clients on delays, reallocation of revision and updates.Add Query
Reviewing Appraiser's License and validation of E&O Insurance, expiry date, License #, Name & Expiry Date.Add Query
Initial quality control of appraisals to verify compliance to guidelines and regulations.
Improving Appraisal review cycle time by over 20% Case StudyAdd Query
QC of appraisal reports based on revisions; review if any further revisions are required post initial submission of the report to the clients.Add Query
Review and exception handling of valuation where the variance is above threshold set by the customer.Add Query
Registration of new appraisers, including document collection, verification, and reference check, managing license and insurance expiration, receipt of signed contracts,etc.Add Query
Setting up/registration of lenders/clients on the Appraisal Management platform. Manage the lender relationships.Add Query
Add-on services to valuation services to complete portfolio of offerings that an AMC can offer.Add Query
SLK Global can assist to reduce net cost to originate, improve pull through rate, reduce loan closing time, manage regulatory compliance, reduce risk of fraudulent loans and manage volume fluctuations without adding fixed costs to your operationsng using Mortgage Outsourcing.