Opteon AMC, a nationwide appraisal management company, recently announced its short-term rental analysis (STR) product. The first of its kind on the market, Opteon’s tool aims to revolutionize how non-Qualified mortgage (QM) lenders assess properties for STR investment, Opteon said in a press release.
It will equip lenders with accurate rental potential, occupancy rate predictions, market trends with comparables, and an expert appraiser analysis.
This appraiser approved STR analysis replaces the existing 1007 form which, while widely used, falls short in addressing the unique dynamics of STR investments, according to Opteon. Opteon’s product, powered by AirDNA, a leading short-term rental data and analytics provider, allows users to pinpoint true short-term rental comparables and key market insights, supporting underwriters in making informed, confident lending decisions.
“Opteon has long led the charge to bring innovative solutions to our customers, and we are extremely pleased to be able to deliver more accurate data to Opteon clients and their investors to aid them in making more secure lending decisions,” Leland Trice, managing director of Opteon USA, said in the release.