Offering supplementary insurance for financial risk mitigation, ""DartAppraisal.com's"":http://dartappraisal.com/ newly introduced DartAssurance custom appraisal warranty provides mortgage lenders, investors, banks, and credit unions with an extra layer of protection against potential loss from default and foreclosure.[IMAGE] [COLUMN_BREAK]
""Our custom warranty is designed to help lenders underwrite collateral with confidence,"" said Darton Case, president of Troy, Michigan-based DartAppraisal.com, a national provider of residential real estate appraisals. ""We believe that our product will help stimulate the much needed private investors back into the mortgage market.""
Thanks to a partnership with a highly rated insurance company, the DartAssurance warranty coverage includes up to $100,000 in the case of loss due to inaccurate valuation, complementing DartAppraisal.com's $5 million errors and omissions insurance coverage.
The fees range from $20 to $30 per appraisal, and the warranty is good for five years from the date of service and is fully transferable. Other specifications include loan amounts up to $750,000, an LTV/CLTV of no more than 100 percent, and a credit score of 620 or higher for the loan borrowers.