Adding the ValPROTECT Warranty (ValPROTECTSM) to a Valligent property valuation can help mitigate monetary loss when specific situations occur, such as a defaulted loan or when a loan is determined uncollectible due to a flawed valuation.
Utilize Traditional Appraisals That Are Rigorously Reviewed to Mitigate Valuation Bias Risks
Valligent’s 1004 appraisal reports undergo robust quality checks. Detailed human review is paired with BiasCHECKSM, a tech-enabled review tool. BiasCHECK utilizes automated valuation models (AVM), risk scoring, and content-enabled word scans to detect potential valuation bias or quality issues. Any concerns are immediately addressed with deeper review and mitigation.
Utilize Traditional Appraisals That Are Rigorously Reviewed to Mitigate Valuation Bias Risks
Valligent’s 1004 appraisal reports undergo robust quality checks. Detailed human review is paired with BiasCHECKSM, a tech-enabled review tool. BiasCHECK utilizes automated valuation models (AVM), risk scoring, and content-enabled word scans to detect potential valuation bias or quality issues. Any concerns are immediately addressed with deeper review and mitigation.
Protect Borrowers from Valuation Bias by Fostering Appraiser Diversity
Valligent’s Appraiser Training Program brings together mortgage lenders, seasoned appraiser supervisors (trainers), and new trainees to increase the number of diverse appraisers in the industry, which can help minimize the occurrence of valuation bias for future borrowers.
Protect Borrowers from Valuation Bias by Fostering Appraiser Diversity
Valligent’s Appraiser Training Program brings together mortgage lenders, seasoned appraiser supervisors (trainers), and new trainees to increase the number of diverse appraisers in the industry, which can help minimize the occurrence of valuation bias for future borrowers.