AUSTIN, Texas—New Vista Solutions has released SmartView, which it described as an exclusive residential evaluation report that “utilizes mobile devices and the latest technology to create the fastest, cost-effective product available today for home equity lending.”
“Lenders across the country are developing competitive home equity processes to streamline and close their home equity loans faster and look for new products to combat the ongoing evaluation and appraisal challenges,” said NVS CEO Jesse Rivera. “Taking advantage of the latest in technology will be crucial in creating a competitive edge with the increase in home equity lending. SmartView fits this need perfectly.”
New Vista Solutions said SmartView is a fast, cost-effective collateral evaluation tool, combining time-stamped site photos, AVM values, and a valuation analyst reconciliation utilizing local MLS data, regional transaction data, and national big data, “all in one compact, easy-to-use format.”
According to the company, the borrower receives an automated order on their mobile device where they take specific photos that are geocoded, time-stamped, and submitted.
“Up to 15 sold comparables and three list comparables are then analyzed and returned with property characteristics, neighborhood valuation factors, and market conditions, including subject property history and tax information,” New Vista stated.
Local Maps Included
The company added that local maps are included highlighting the location of the property and all comparable properties. Three values are returned as well: AVM Value, Valuation Analyst Value, and Quick Sale Value—all with a one-to-three day turnaround time.
For info: www.newvistasolutions.com or email info@newvistasolutions.com
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