Broker Price Opinion (BPO) Services Offered by LendLogix™
A BPO is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary.
Our clients have a better handle on risk because we're completely focused on finding the true value of their assets through multiple valuation measures and methods.
Licensed real estate professionals compare a subject property's characteristics with similar currently listed and recently sold properties in the area.
Current market conditions and information about the area are used to establish an opinion of value for the subject property.
Subject and comp photos and a map are also included, configured according to client preference.
We have a proven track record with customizable, secure technology that allows you to effectively, securely and quickly send requests for Broker Price Opinions and have them successfully completed in a timely manner.
For REO transactions, LendLogix™ subjectively grades the following internal tasks:
- Listing Package Documents
- Monthly Status Reports
- Incoming Offers
- Updated BPOs
LendLogix™ offers a variety of interior and exterior broker price opinion (BPO) products. We can use FNMA, FHLMC, FAS custom forms or a form of your choice. BPOs are prepared in accordance with the broker price opinion (BPO) Standards and Guidelines issued by the National Association of BPO Professionals.