CoreLogic's OptiVal
OptiVal is a key valuation component to an efficient home equity workflow. The OptiVal automated valuation model (AVM) cascade is developed by testing more than 20 industry AVMs against current real estate transactions. OptiVal AVM produces the optimal result for your borrower’s subject property quickly while maintaining compliance with interagency guidelines.
Use Cases
Enhanced Valuation Accuracy:
OptiVal delivers precise property valuations in record time, while maintaining compliance with Interagency Appraisal and Evaluation Guideline
Efficiency in Mortgage Origination:
OptiVal AVM offers an efficient solution, offering 90% of cost saving with an unbeatable one-minute turnaround time
Risk Mitigation in Property Valuation:
Institutions can leverage OptiVal to minimize valuation discrepancies, drawing upon CoreLogic's vast datasets and valuation models for more reliable valuation outcomes.
Rigorous validation:
OptiVal's testing methodology undergoes rigorous validation annually. The industry leading AVMs are optimally placed into cascades based on location
Why OptiVal is Important
OptiVal revolutionizes the mortgage origination and property valuation process by providing key benefits:
Streamlined Operations: Automated valuation models and analytics-driven insights help expedite the mortgage process, reducing the time from application to approval.
Enhanced Accuracy and Consistency: Utilizing CoreLogic's comprehensive property databases, OptiVal ensures high levels of accuracy in property valuations, fostering consistency across lending decisions.
Strategic Risk Management: With more dependable valuations, lenders can better manage risk, mitigating the potential for over- or under-valuing properties and sustaining portfolio health.
Cost Efficiency: OptiVal reduces operational costs by 90%, which is associated with property valuations and loan origination, by improving valuation accuracy and workflow efficiency.
Incorporating OptiVal into the mortgage origination process marks a transformative approach to property valuation. Designed to meet the dynamic needs and stringent demands of the modern mortgage industry, OptiVal introduces a new level of efficiency, accuracy, and reliability to the mortgage application process, securing every transaction with enhanced valuation precision. OptiVal is today's most innovative and efficient valuation solution, epitomizing CoreLogic's commitment to advancing mortgage technology and data analytics, and equipping professionals with exceptional tools to refine and accelerate the mortgage origination workflow.
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