""StreetLinks Lender Solutions"":http://www.streetlinks.com, an Indiana-based provider of valuation services, has announced the launch of StreetLinks LVR, a new liquidation valuation report developed for mortgage servicers and asset management firms which is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).
LVRs are performed by StreetLinks' nationwide panel of licensed appraisers using a strict appraisal-like methodology based on property condition, comparables, and local market trends, the company explained.
[IMAGE] [COLUMN_BREAK]StreetLinks says its approach will provide a thorough and objective analysis of a distressed property's liquidation price within a 90-day marketing window.
""Lenders use objective analysis to make a financial decision when funding loans â€" the same is used during servicing and default,"" said Ric Holder, director of StreetLinks' mortgage services division. ""A transaction's ultimate financial decision requires an accurate and reliable value, which StreetLinks and the appraiser will stand behind.""
Select StreetLinks clients have already purchased LVR reports and have been impressed with the results.
""As StreetLinks promised, the LVR left us more informed and more confident in our ability to perform a financial analysis of the collateral related to a seasoned mortgage loan portfolio,"" said Joe Huntzinger, VP of lending at the Indianapolis Neighborhood Housing Partnership.
Holder describes StreetLinks LVR as a ""versatile servicing tool"" that can provide relevant data to multiple sectors of the industry, from foreclosure bids to REO sales predictions and initial listing prices.
""We're excited to put a much-needed sense of confidence behind such appraisal values,"" Holder added.