Thursday, 25 February 2021 | The Latest Buzz for the Appraisal Industry

Lender Leans on Core Logic for Collateral Valuation Improvements

Sierra Pacific Mortgage, a nationwide lender, has implemented CoreLogic’s collateral valuation platform to increase its underwriting capacity and improve turn times.

CoreLogic’s digital solution provides Sierra Pacific Mortgage a comprehensive and efficient toolset that helps the lender expedite the review process and enable consistent and precise analysis of appraisal data.

“We are seeing a quicker turnaround in our appraisal reviews and sign-offs. This allows us to issue the closing documents sooner and complete loan closings faster,” says Susan Roy, executive vice president of national operations at Sierra Pacific Mortgage.

“By having a centralized appraisal review process in place, we have been able to reduce the underwriting time on each loan. Before using CoreLogic’s appraisal review solution, each underwriter devoted significant time to the review of the appraisal. After we implemented it, productivity improved by allowing the underwriter to focus on the credit aspects of the loan,” she adds.

“We are excited to work with innovative lenders like Sierra Pacific Mortgage to find ways to take time, touch and cost out of their collateral underwriting workflows,” says Sage Nichols, executive of client and business development at CoreLogic.

Photo: Susan Roy

The post Lender Leans on Core Logic for Collateral Valuation Improvements appeared first on MortgageOrb.

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