Automated Process Management to
streamline appraisal ordering and fulfillment
into a highly efficient and cost effective
endeavor.
WHAT WE FACILITATE
Valuations, Inspections, Property Condition Reports, AVM's, QA Review
VALUATIONS
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.
INSPECTIONS AND AVM'S
Interior and exterior Property Condition Reports and Automated Valuation Models... when a full appraisal isn't necessary.
QUALITY ASSURANCE
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.
THE PROCESS
Our proprietary algorithm interrogates the subject property against public record data as well as AVM and MLS records to test market liquidity and assignment complexity, then provides a market based, transparent, and fully disclosed appraisal fee.
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.
Assignment Logic
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.
Quality Assurance
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.
Compliance
CONTACT
Veptas is an evolve mortgage services company
6136 Frisco Square Blvd., Suite 350
Frisco, TX 75034
888-892-1843