The Cooperative Solutions Group (CSG) is endorsing the Verisite line of products as an Automated Valuation Model (AVM) tool for credit unions. Verisite is presented by Credit Information Services, a credit bureau in Council Bluffs, Iowa.
Credit unions receive Verified Property Inspections for Faster Lending Decisions on those loans that do not need a full property appraisal. Lenders are able to efficiently get verified property inspection reports and collateral valuation reports using either an iPhone or an Android smart phone. The credit union places a Photo Inspection order on the Appraisal Firewall website, who then sends your member a message to install an app on their phone.
The software geocodes, that it is the correct subject property. The credit union tells the member which pictures and descriptions they want, such as interior and exterior site photos. Other data, property descriptions, and maps are also available. Upon their approval of the photos, the credit unions receive an instant, current, and comprehensive inspection of the property.
For more information, contact Dan Collins, Chief Solutions Officer @ dcollins@nebrcul.org
For more information go to: https://corp.appraisalfirewall.com/verisite/
