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ANNOUNCEMENT:
In keeping with the LASHOMEVALUE commitment to technology and meeting the ever-changing market demands of the lending and mortgage servicing community since 1986, it is with much enthusiasm that we introduce 100% National Coverage for our Desk Review service as well as our LASHOMEVALUE appraiser assisted EVAL product.
As the ever-changing valuation and appraisal needs of our clients’ progress into the future, LasHomeValue will be there with our continued commitment to customer satisfaction and ongoing dedication to research and capital for the technological development of future valuation alternatives. Samples of these national products are available at your request. Please call us to discuss the unlimited potential LasHomeValue can have on your company.
NATIONAL DESK REVIEW:
As the real estate market heads into a relatively unstable and unknown future, the concerns of lenders for accurate and professional collateral assessment and valuations has come to the fore. LasHomeValue has met the needs of our customers and partners in the past and will continue that trend with the growth and expansion of our National Desk Review Department. Established in 2005, this department has worked with many national lenders for purposes such as Quality Control, on both the Wholesale and Retail level, Servicing Portfolio Analysis, Home Equity lending, Direct Retail lending, REO Analysis and Asset Valuation purposes. The demand for this service has been increasing as the real estate market has placed more reliance on an accurate and unbiased reporting of collateral assessments.
The LasHomeValue National Desk Review service is an opportunity for our clients to get this unbiased, professional analysis and a review of their appraisals throughout the nation. We combine experienced staff review appraisers with extensive national technological data of property features and sales history. Over the past 2 years, we have completed thousands of National Desk Reviews with an average turn time of less than 24 hours and an average hit/accuracy rate of 96%, which gives our clients the ability to make fast, confident decisions.
EVAL:
Originally developed exclusively for our Home Equity clients in 2001 as a regional (NY-NJ) alternative valuation product, the LAS EVAL is now available on a National level. The LAS EVAL product is a technology based valuation hybrid developed to be an intermediate between the national AVM providers and the traditional 2055 Drive-By appraisal. Many of our partners and clients have expanded the use of this product for efficient and cost effective decision making in Home Equity lending, Servicing Portfolio Analysis, REO, Asset Valuation, Wholesale Analysis and Quality Control purposes. Our experienced staff has an efficiency level that is second to none with an average overall hit/accuracy rate of 83%.
As the ever-changing valuation and appraisal needs of our clients’ progress into the future, LasHomeValue will be there with our continued commitment to customer satisfaction and ongoing dedication to research and capital for the technological development of future valuation alternatives. Samples of these national products are available at your request. Please call us to discuss the unlimited potential LasHomeValue can have on your company.
The LAS EVAL product is a technology based valuation hybrid, developed to be an intermediate between the national AVM providers and the traditional drive-by appraisal. The EVAL appraiser extracts the data from one or two nationally recognized automated valuation models (AVM), local assessment data, local multiple listing service and our extensive LAS database. After analyzing the abstracted data, the EVAL appraiser selects, based on a local working knowledge of the defined subject market area, four comparables best suited to justify and support a subject's market value. The appraiser then, as is typically done in a traditional appraisal, performs a final reconciliation to determine the market value for the subject property. Adding the experience and knowledge of a trained EVAL appraiser to multiple AVMs and selected market data can only be seen by the lending community as a way to add significant merit and authenticity to this uniquely designed product. The LAS EVAL is prepared, reviewed and signed as a limited summary appraisal report by one of our State Certified appraisers. This entire process is done in our technology valuation department by experienced appraisers trained with the EVAL process that are typically completed within 24 hours of receipt of the request.
STATE OF THE ART TECHNOLOGY:
LASHOMEVALUE uses advanced technology that allows for complete electronic transmission of all of our technical valuations and traditional appraisal products. LAS also has one of the most comprehensive, state of the art, web based appraisal/valuation order and status management systems in the industry. This security and client specific system was developed with an understanding of our customers’ need for quality service. The LAS Management System will automatically upgrade any EVAL product which may not have sufficient data to present a value conclusion or confidence level high enough to meet the LAS requirements for submission. All upgrades will be made seamlessly to a field valuation or traditional appraisal, which will be completed expeditiously by one of our staff field appraisers.
LASHOMEVALUE has the reputation for being one of the leading innovators in this new breed of technical valuation. This experience and working knowledge enables us to deliver the EVAL product faster, cheaper with more accurate values in our defined geographic region than our competitors, the national vendor management companies.
CURRENT AND FUTURE USE:
The LAS EVAL product is being utilized by many of our existing clients and has unlimited potential uses including both a primary and secondary valuation source in Home Equity Lending, Quality Control, REO Asset Valuation, Risk Management, Underwriting and Appraisal review, Fraud Detection, Portfolio Analysis, and pre-determination of value for first mortgages. The direct consumer has also tapped into this resource for selling or buying a home, PMI removal or simple curiosity. The LAS EVAL product can also be enhanced by the addition of a drive-by property inspection with photos included.
As the ever-changing valuation and appraisal needs of our clients’ progress into the future, LASHOMEVALUE will be there with our continued commitment to customer satisfaction and on going dedication to research and capital for the technological development of future valuation alternatives.
TRADITIONAL APPRAISAL PRODUCT COVERAGE:
LAS has a certified and licensed staff of experienced residential appraisal professionals who in conjunction with our customer service representatives and state of the art web based management system, provide comprehensive and professional service, and customer satisfaction to each of our clients. Our commitment and dedication for over 20 years to Quality Service without sacrifice of Service Quality has enabled LAS to set the standard for delivery of a wide range of the most technologically advanced valuation and appraisal products in the most efficient and timely manner. LAS has you covered with this unsurpassed service quality standard in 28 counties, with offices in Manhattan, New Jersey and the LAS headquarters on Long Island.
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