Combining the skill of experienced review appraisers with an extensive database of appraisal review performance, LPS' PROSM collateral risk assessment system is able to isolate high-risk appraisals to identify over-valuation and protect against loss. PRO is used by originators as a front-end screening tool and by investors to screen whole loan pools to isolate high-risk appraisals and is available on a single order and bulk basis.
PRO Value™ is an exclusive product of LPS that combines the industry recognized PRO collateral risk score with a reviewer certified AVM value, all within one report.
PRO Value report functions:
- Chooses an accurate AVM value estimate from a selection of three - four different AVMs
- Includes an appraiser assisted model
- Completes a PRO collateral risk analysis report
The HQ Tie-Out Value Reconciliation service provides a comprehensive, file-specific, in-depth analysis of all underlying collateral valuations to determine the most reasonable value.
- Reconcile the most reasonable value when more than one valuation exists on the same property
- Use any combination or multiples of appraisals
- 2055's
- Broker Price Opinions
- AVMs with significant variances can be reconciled to determine the most reasonable value with the LPS HQ Tie-Out service