Mortgage and financial technology provider SharperLending released its Verisite mobile property inspection tool that lenders can use to gather property data for collateral valuation on loans and sub-loan products that do not require full appraisals, the company announced in a press release.
Verisite provides a faster process for lenders to get interior and exterior property photos and descriptions.
The company launched the first version of its mobile app and the Verisite photo report in 2018. The new version of the mobile property data gathering app provides lenders with a more precise order assignment feature that includes the creation and management of panels of data gatherers, in-app distance mapping for room dimensions, and more report data, the release stated.
“The result is an enhanced Verisite photo report deliverable with more decisionable data that lenders can use to make accurate financial decisions on equity loans, disaster relief inspections, new construction progress evaluations, portfolio reviews, and more,” the company said. “Typical Verisite photo report deliverables return to the lender hours after placing the order.”
Interested parties can visit the Sharper Lending web site to register for meetings.
“We are excited to announce our latest mobile property data gathering innovations to help lenders get more out of their valuation technology investment,” SharperLending President David Chiappe said in the release.
Chiappe said these enhancements help make way for additional valuation and property products that are poised to come with future industry changes and appraisal modernization initiatives.