Nations Lending Services, Inc. (NLS), and Nations Valuation Services, Inc. (NVS), divisions of the Nations Companies, and a nationwide provider of appraisals and title services, announced their bundled services offering of NATIONSLINK and EQUITYEXPRESS. The integration of the two programs provides their national lending clients with the best winning combination of hybrid title and appraisal products for home equity and home equity line of credit (HELOC) loans, the companies announced in a release.
EQUITYEXPRESS is an insured search program through NLS covering vesting, legal, lien position and fraud. It includes coverage through a third-party insurer with a Triple-A Rating. EQUITYEXPRESS is inexpensive compared to traditional title insurance premiums and loans close substantially quicker. Available in all states, EQUITYEXPRESS includes coverage for all filed liens. Gap coverage between report date and recordation dates is just one of the program’s features, the release said.
NATIONSLINK is a proprietary desktop appraisal product through NVS with a hands-on third-party inspection that can be used for home equity and HELOC loans. Positioned as being fast, efficient and reliable, NATIONSLINK is designed to give a lender or servicer the option to have either an exterior inspection only, or both an interior/exterior inspection with a 3-5 day turn time.
It is a USPAP & IAG Compliant Desktop Appraisal Report. NVS utilizes its own proprietary operating system, AppraisalTRAX, making it easier and quicker for lenders to have quality value reports.
NLS and NVS are diversified providers of real estate information services including title, appraisal and default. Established in 1989, Nations is one of the largest national providers of these services to home equity and HELOC lenders in the U.S. With branches nationwide, NLS offers SSAE18 security and XML exchange services.