Guaranteed Purchase Appraisal Program will help lenders better manage loan cycle times
CLEVELAND, OHIO – Dec 5, 2017 – Accurate Group, a leading provider of technology-enabled real estate appraisal, title data and compliance services, today announced the launch of its Guaranteed Purchase Appraisal Program. The Guaranteed Purchase Appraisal Program will provide real estate lenders with greater certainty, transparency and more accurate data on residential purchase appraisal costs and turnaround times, allowing them to better manage the origination-to-close loan cycle and improve the borrower’s experience.
The Guaranteed Purchase Appraisal Program enables lenders to disclose the exact appraisal cost and a delivery date for each purchase appraisal order. It also gives lenders access to Accurate Group’s Forecasted Appraisal Turn Time Indicator (fatti™) analytics framework. The fatti framework provides lenders with customized data on appraisal turn times in their geographic footprint, enabling lenders to better forecast loan cycle times and set dates that exceed borrower expectations. Accurate Group’s technology-enabled appraisal process combines local appraisal turn time data with the lender’s requested date to confirm a guaranteed appraisal delivery date – resulting in a more streamlined process for the lender and a better experience for the consumer. The program is backed by Accurate Group’s industry-leading commitment to appraisal quality and turn time performance.
“Our team is laser-focused on developing compliant, meaningful ways to improve the real estate lending experience for both lenders and borrowers,” said Paul Doman, president and CEO of Accurate Group. “With our guaranteed purchase appraisal program, lenders gain transparency and peace of mind on the appraisal cost, quality and delivery date. And when lenders combine Accurate Group’s guaranteed purchase appraisal program with our loan estimate fee calculator, title data and e-closing solutions, they can significantly streamline their loan process and improve the borrower experience.”
About Accurate Group
Accurate Group is a leading provider of technology-enabled real estate appraisals, title data, analytics and compliance. Accurate Group combines exceptional service, innovative technology and its proprietary AccurateAudit™ compliance foundation to provide banks, credit unions, servicers, non-bank lenders and capital markets firms with the best combination of speed, quality, regulatory compliance and price. With Accurate Group, lenders, consumers and capital markets firms benefit from market-leading solutions that improve accuracy, lower costs and improve compliance across all types of real estate loans, mortgage-related assets and real estate portfolios. Visit www.accurategroup.com.