Dart Appraisal recently launched its new Portfolio AVM solution. Built with speed, accuracy and scale in mind, Portfolio AVM is ideal for lenders who service loans they originate and servicers who purchase from the original lending institution, according to a release.
“We pride ourselves on listening to the needs of our customers and developing customized solutions to meet those needs. In this case, our clients were asking for a more cost-effective way to value large portions of their portfolio for both oversight and opportunity identification,” Dart Appraisal's Michael Dresden said in the release. “All other methods, including traditional AVM pulls, was just too cumbersome and cost-prohibitive.
“Portfolio AVM is our response to that need and another example of how Dart prioritizes and acts on the needs of our clients,” Dresden added. “We’re excited about the early adoption of Portfolio AVM and encouraged by the positive feedback we've been receiving since product rollout.”
The Portfolio AVM allows servicers to:
- Reduce risk through early identification of problematic loans.
- Remain compliant through value audits to stay compliant with evolving regulations.
- Cross sell other products like HELOCs, cash-out refinancing, etc. where LTV is healthy; and the product is available nationwide, Portfolio AVM reporting includes a value range with confidence score.