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Collateral DNA™’s Appraisal Score mines the gold standard of collateral—the appraisal itself. No other score in the industry provides this level of detail.
While other scores seek to verify collateral with AVMs or public records information, the Appraisal Score carefully vets the actual appraisal report, providing quick, automated
decisioning aid to lenders.
The end result: a score that determines if an appraisal is acceptable or not based on FNC’s scorecard and tailored to each lender’s risk tolerance level.
The Appraisal Score: What it does
With real appraisal scoring, lenders can bypass manual underwriting save for noted exceptions, resulting in consistent reviews, tremendous savings, and better accuracy.
Here’s how The Appraisal Score works:
- Submit appraisal report.
- Experience automated collateral underwriting—based on a weighting of GAAR™, the industry-leading Risk and Compliance rules-based engine.
- Receive a score of the appraisal report, a simple designation of good or bad based on lender’s risk tolerance criteria.
- Review comprehensive report as needed, detailing which rules fired and why.
For more information about The Appraisal Score, contact:
Charles Hurst
Director of Software Sales
Phone: 888/649-2966
Email: sales@lists.fncinc.com
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