The Verisite Line of Products by Appraisal Firewall
Mobile Property Inspection Tools for Residential, Equity, Commercial Lending, Disaster Assessments, and More
The Verisite line of products in Appraisal Firewall represents a more efficient way for financial institutions to get property inspection reports and collateral valuation data. Utilizing cutting edge mobile technology for to-the-moment property detail, homeowners, borrowers, appraisers, inspectors, Realtors and other property data collectors/gatherers can take property pictures and gather property data. Verisite then combines this current data with historical property data to provide current, comprehensive property inspections for faster lending decisions.
Verisite products can be used on purchase and refi loans when drive-bys, desktop appraisals, exterior-only inspections and other appraisal products are ordered to provide more property detail: as addendums or exhibits that include interior inspection info. Verisite products are also extremely helpful on HELOCs and sub-loan products such as disaster relief inspections, new construction progress evaluations, portfolio reviews, and more.
Learn more about the Verisite Photo Report, the Verisite Collateral Data report, and Verisite Plus.
Verified Property Inspections for Fast, Safe Lending Decisions
The Verisite Photo Report allows banks and credit unions to get property inspection reports and data, such as interior and exterior site photos, property descriptions and maps, instantly.
Combined with our Verisite mobile app that you can deliver to a homeowner, appraiser, inspector, loan assistant, realtor, etc., you can instantly get interior and exterior inspection data you need to make faster lending decisions while eliminating fraud with GPS location of pictures.
Verisite allows lenders to identify which pictures and descriptions they want, send their order from Appraisal Firewall to the Verisite mobile app, then approve and generate the Verisite Photo Report that meets processing and underwriting needs. The result? An instant, current, comprehensive inspection of the property.
Here's how the Verisite Photo Report works:
Build your orders: select kitchen, dining room, bathroom, master bedroom photos and details, or whatever aspects of the site you want.
Send orders from Appraisal Firewall to anyone with a mobile phone.
Order requests are sent by text to the mobile number and email address you enter on the order.
Property Data Collector quickly installs Verisite app for iPhone or Android operating systems.
Once in the app, Property Data Collectors cannot upload any pictures except for the pictures taken while in the Verisite app.
Default geolocation functionality in mobile phones verifies photos are of the site you want.
No cell coverage? No problem. All Verisite app users/Property Data Collectors attest that they are at the property you want.
Once completed, Property Data Collector sends you photos and descriptions for review in Appraisal Firewall.
Approve or edit the order to send back to the user for more information.
Once approved, decide which photos and descriptions are best, and assemble your report.
Generate a deliverable report with your selected pictures and descriptions that includes a map of subject property, plus pinpoints of where photos were taken at the property.
Current, Comprehensive Property Inspections
The best of both worlds. Verisite Plus combines the Verisite Photo Report and Verisite Collateral Data report into a single, complete, powerful property and market data and risk analysis report for driving faster decisioning. Verisite Plus utilizes the to-the-moment benefit of the Verisite Photo Report to provide the most current property detail available and joins it with the Collateral Data report to give lenders historical data from public records and deed transfers. This provides a complete picture of the property. Also, lenders get the top 20 recently sold nearby properties starting from the date Verisite was ordered backward.
improve the borrower experience
Mobile order fulfillment
reduces loan processing times
Faster processing
so you can do more business
Eliminate fraud
with GPS location of photo agent