Lender Services

Valuation Reviews

 

At VRMC we understand the real estate market and the risk.  Our Lender reviews/audits provide top level risk management guidance while providing a service to the lender in the prevention of repurchase and/or rebuttal review.  In rebuttal, the file is reviewed by a forensic review specialist to directly address what, if any, liability the lender should be held accountable.  The prevention process addresses current residential and commercial valuation portfolios for any questionable circumstances which the lender may become accountable for in the future and addresses how these circumstances should be mitigated and/or rebutted.

Our customers expect an appraisal which is USPAP compliant and gives an opinion of value which is supported within the market and clearly explained within the report.  The appraisal should be easily understood with comments describing the most significant red flag areas.   The client expects the delivered product to have been reviewed for adherence to the client’s scope of work, which is UAD compliant, and within the scope of work as defined within the report.  The benefit we offer is a product that will be reviewed by a team of forensic review analyst who are versed in USPAP guidelines and the FNMA NUC's reporting.  With our UCDP integration, lenders are able to select VRMC, LLC as their lender agent providing a streamlined process in appraisal submission and reporting.

Portfolio Audits

 

Our portfolio services provide audits to the lender's performing loan portfolio for compliance to federal law.  Our audits are able to substantiate the value of the asset allowing the client confidence in its investment.  Our audits review external monitoring of critical activities which could cause the lender to face significant risk in regards to asset valuation.  Our staff of forensic review analyst are able to research and analyze market data to develop a certified reconciliation of the portfolio.

Vendor Management Services

 

Our appraisal management services provides you with a secure online account to place and directly manage your orders.  With our portal, you will be able to efficiently manage your pipeline.  VRMC provides gives you the edge in managing your appraisal process while maintaining regulatory compliance. In addition, our team of in-house review process utilizes certified residential appraisers which are highly qualified, forensic analyst, who are able to determine adequate support for the final reconciled value. 

 

 

Training/Workshops

 

Our training team is uniquely qualified and trained in providing instructor led workshops in reviewing an appraisal for red flags in the reconciliation of valuation. The non-valuation reviewer is trained in identifying red flags which could lead to a rejected appraisal and/or repurchase. This level of training to the non-valuation reviewer will also assist the lender in adding a level of expertise to internal staff to fortify the lenders ability to spot and avoid deficient and unsupported value.

 

VRMC also offers training directed towards OCC compliance in the development of the appraisal review process and oversight of the internal management of third party vendors for lending institutions.