Deephaven Mortgage, a full-service credit provider, recently announced an alliance with Incenter Appraisal Management to give non-agency/non-QM brokers a new competitive advantage by offering remote appraisal services for Deephaven’s loans, according to a company release.
Deephaven will provide brokers with Incenter Appraisal Management’s RemoteVal technology, which reduces appraisal turn times from weeks to days, without compromising the integrity of the process, according to the companies.
“With the United States seeing the largest number of unincorporated self-employed individuals in 13 years, brokers can penetrate a new market of credit-worthy borrowers with non-QM loans,” Deephaven Mortgage President/CEO John Keratsis said in the release. “However, the challenges of appraiser shortages and appraisal backlogs are slowing down lending.
“We are thrilled to overcome this hurdle with Incenter Appraisal Management’s groundbreaking solution,” Keratsis added.
The new technology enables appraisers to fully manage the appraisal process, and work time efficiently, without having to drive to a property or rely on homeowners or the property contact to take accurate photos on their own.
“With the increase in demand for these types of loans, the non-agency/non-QM brokers’ time is now. We are thrilled to provide the most progressive technology and professional teams so that Deephaven’s network of independent brokers can thrive,” Incenter Appraisal Management President Mark Walser said.