Real Property Decisions released its Default Reconciliation Report, a new valuation analysis service that provides mortgage servicers and investors with critical valuation information to supplement a BPO or appraisal. The Default Reconciliation Report meets the growing industry demands for a higher level of valuation diligence for non-performing and REO assets.

“This innovative new valuation analysis service is powered by a unique combination of geographically optimized third-party data and desktop appraiser expertise,” commented Eric Taylor, president of Real Property Decisions, a national provider of property data, analytics and valuation solutions for the mortgage industry. “It delivers an accurate and defensible means for residential property servicers and investors to make better acquisition, pricing and disposition decisions.”

Desktop value reconciliation services are performed against two client-supplied baseline property valuations, which may include any combination of listing BPO, independent BPO or real estate appraisals. Two additional automated data sets are also incorporated into the analysis and reconciled accordingly. They include a cascading Intelligent Valuation Report and an advanced property rental report from RentRange. These additions deliver a wealth of new knowledge to the appraiser and the end user, effectively bridging the information gap present in traditional valuation products.

 The Default Reconciliation Report also includes:

· A narrative analysis of the client-supplied and automated valuation reports;

· Identification of positive and negative factors affecting value and/or marketability;

· A repair and/or rehabilitation cost estimate review;

· An owner-occupied versus investor target audience determination;

· A recommended listing and sales strategy (as-is, repaired or occupied rental option)

· Detailed observations and conclusions

· The appraiser-derived quick sale and standard marketing time value estimates

Benefits from enhanced and unbiased valuation practices include better informed workout and acquisition choices, optimized pricing strategies, reduced property marketing times, lower associated carry costs and the ability to recapture unrealized proceeds left on the table at the time of disposition. This product effectively leverages the core competencies of state licensed and certified real estate appraisers, thus minimizing the reliance on individual brokers and asset managers to make crucial financial business decisions.

The Default Reconciliation Report is a USPAP-compliant product that supports retrospective and complex reconciliation requests and can be easily modified to incorporate additional data and analytics into the decision-making process.