"Class Valuation's CVUE program combines artificial intelligence analysis with human review to deliver appraisals that lenders can accept without conducting their own internal review. This innovative approach shifts responsibility for appraisal risk, allowing an AMC to stand behind its appraisals for the first time."
"The program can eliminate appraisal revisions on qualifying files and reduce turnaround times by two to three days. Lenders can expect an 80% reduction in appraisal review workloads and save approximately $100 per file by limiting manual reviews to higher-risk cases."
Class Valuation has launched the Class Valuation Underwriting Engine (CVUE) to enhance mortgage lending workflows and minimize property valuation risks. This program utilizes artificial intelligence alongside human review to provide appraisals that lenders can accept without further internal scrutiny. The initiative aims to decrease the frequency of appraisal revisions, which currently delay closings by one to three days. By assuming appraisal risk, Class Valuation offers lenders reduced workloads and faster processing times, potentially saving them significant costs.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]