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Broker Price Opinion
SettlementOne offers a single point of contact for all types of valuations, which ensures prompt ordering, placement and delivery of quality, detailed and well-supported valuation reports. Banks, Lenders and Credit Union's utilize SettlementOne's Broker Price Opinion's (BPO) for Loan Sale Due Diligence, Loss Mitigation, Foreclosure Bid Instructions, early default valuation and REO secondary valuations. Our clients also turn to us for Interior and Drive-By BPO/CMA's and appraisals.
You can expect an easy to read report customized to your standards, accompanied by photographs and signed by the real estate agent. Our BPO Coordinators review the report to ensure its completeness, have adjustments made when necessary and forward the original document to you within five days of the order date. In some cases, SettlementOne provides "extreme rush" BPO's, which features a same day turn around. Lenders find our rush service an extremely valuable option.
Advantages:
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Photos of subject and all comparables
Color maps for each order at no extra charge
Bundled reduced pricing
Experienced and knowledgeable quality-graded brokers and agents
Valuations provided on Fannie Mae, Freddie Mac or your own company-specific form
Desk top reviews of valuations
Customized tracking reports delivered in accordance with your needs
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Broker Price Opinion Options
Standard BPO provides a 1-page report containing comparable data from one other property. This report is often used by clients who need a short form for an equity line application, portfolio analysis, quality review, or early default management.
Fannie Mae 087 Exterior is a fully compliant Fannie Mae BPO. Fannie Mae BPOs include detailed neighborhood information, comparable sales and listings plus itemized ($) value adjustments.
Freddie Mac 1092 Exterior BPO is a fully compliant Freddie Mac 1092 that includes detailed neighborhood information, detailed repair estimates, comparable sales and listings with value adjustments.
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