an evolve mortgage services company
WHAT WE FACILITATE
Valuations, Inspections, Property Condition Reports, AVM's, QA Review
INSPECTIONS AND AVM'S
Interior and exterior Property Condition Reports and Automated Valuation Models... when a full appraisal isn't necessary.
Full residential real estate appraisals for use in the prime lending space as well as hard money, capital markets and anywhere our users need to understand value.
Our VQA and VQA+ tools are perfectly matched for any review process to streamline the quality and efficacy of the final valuation estimate on any real estate appraisal.
EFFICIENT RESIDENTIAL COLLATERAL VALUATION TOOLS
Automated Process Management to streamline appraisal ordering and fulfillment into a highly efficient and cost effective endeavor.
No more post TRID disclosure surprises. Our proprietary algorithm interrogates the subject property against public record data as well as an AVM and MLS records to test value and market liquidity, and then assigns a market-based, transparent, and fully disclosed appraisal fees.
Complexity Fee Score
Lenders may use their own appraiser panels or shared appraiser panels. The platform does the work of matching the subject property with a qualified appraiser who is geographically competent and has the necessary credentials to ensure a high quality appraisal.
Our Valuation Quality Analysis (VQA+) provides real-time holistic review and feedback of the completed appraisal, analyzing the completeness and compliance of the report, assessing the credibility and complexity of the appraisal and providing reliable scoring. The VQA significantly reduces stips leading to faster closings and happier borrowers.
The Veptas Platform provides direct, two-way, double -blind communication between the appraiser and the lender, minimizing delays and preventing miscommunications while maintaining full compliance with Regulation Z/Dodd-Frank, and Appraiser Independence Rules. Compliance is ensured through full auditing features.