The Verisite Line of Products by Appraisal Firewall

Mobile Appraisal Tools for Interior and Exterior Property Inspections
Loan Pipeline Efficiency and Appraiser Safety Through Social Distancing



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COVID-19 Update
With the new appraisal flexibilities announced by Fannie Mae and Freddie Mac, Desktop and Drive-by appraisals are becoming more prevalent during the Covid-19 pandemic.  The Verisite mobile property inspection & appraisal solutions enable homeowners to take interior property photos themselves, then transfer photos and descriptions to lenders and appraisers for complete interior inspection data.

Verisite keeps loan pipelines moving, promotes safety and health, and gives lenders much-needed interior property inspection data as addendums or exhibits to Drive-By and Desktop appraisals.  Verisite is also perfect for Equity Lending valuations.

Contact us today to learn more and to schedule a demo.

Video: Social Distancing Appraisal Solutions

Overview
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.

REQUEST A DEMO

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.


VIEW THE VERISITE PHOTO REPORT DATASHEET

Verisite Report
Verisite Report
The Verisite Collateral Data report provides a wealth of information condensed into a single document to efficiently direct and streamline workflow. Collateral Data begins by taking large amounts of property detail and summarizing it into scores so that lenders can get to know the property at a fundamental level at a glance. With valuable and easy-to-apply scores, potential risk can be quantified up front and lenders can dive into the details for each score so that any follow up measures can be directed to the specific individuals, teams or departments equipped to handle needed investigation and/or due diligence.

Organizations can selectively target the steps required to confirm findings; thereby increasing operational efficiencies, lowering costs and moving more quickly toward more profitable business decisions.

The Verisite Collateral Data report includes 15 sections of data and information for comprehensive decisioning, including:

  1. Subject Risk Score

  2. Market Risk Score

  3. Collateral Integrity Score

  4. AVM Value

  5. Subject Price Change

  6. Market Price Change

  7. Subject Foreclosures

  8. Market Foreclosure Rate

  9. Subject Price Forecast

  10. Subject Risk Summary

  11. Market Risk Summary

  12. Subject Property Detail

  13. Area Sales

  14. Nearby Properties

  15. Market Analysis

REQUEST A DEMO

The Verisite Collateral Data report provides a wealth of information condensed into a single document to efficiently direct and streamline workflow. Collateral Data begins by taking large amounts of property detail and summarizing it into scores so that lenders can get to know the property at a fundamental level at a glance. With valuable and easy-to-apply scores, potential risk can be quantified up front and lenders can dive into the details for each score so that any follow up measures can be directed to the specific individuals, teams or departments equipped to handle needed investigation and/or due diligence.

Organizations can selectively target the steps required to confirm findings; thereby increasing operational efficiencies, lowering costs and moving more quickly toward more profitable business decisions.

The Verisite Collateral Data report includes 15 sections of data and information for comprehensive decisioning, including:

  1. Subject Risk Score

  2. Market Risk Score

  3. Collateral Integrity Score

  4. AVM Value

  5. Subject Price Change

  6. Market Price Change

  7. Subject Foreclosures

  8. Market Foreclosure Rate

  9. Subject Price Forecast

  10. Subject Risk Summary

  11. Market Risk Summary

  12. Subject Property Detail

  13. Area Sales

  14. Nearby Properties

  15. Market Analysis

Current, Comprehensive Property Inspections

Image

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.


Faster valuations
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

VIEW THE VERISITE PLUS DATASHEET