Your Roadmap to BPO Quality and Efficient Reviews
BPO Check offers a thorough and comprehensive analysis of all components of a Broker Price Opinion (BPO). From the overall valuation Risk Score to validating the Broker provided property and market data - BPO Check gives you the concise information you need to work through and evaluate the valuation, collateral and market risk on every BPO.
BPO Check Key Feature Breakdown
BPO Risk Score
Whether too high or too low, incorrect valuations are costly. Use the BPO Risk Score to streamline the review process and quickly assess which BPOs need extra review and those that may need no additional research. The two-tailed risk spectrum provides you with an indication of the risk associated with both undervaluation and overvaluation.
Individual Risk Components
Individual risk evaluations provide insight into specific areas of BPO quality. Utilize these separate risk measures to appropriately channel the BPO through the review process. BPO Check evaluates the key predictive risk factors, including comparable selections, complexity in valuing the property, foreclosure and market risk factors as well as risk of fraud.
Configurable alerts identify specific quality issues to help make reviews more efficient, thorough and consistent. Tailored specifically to your review process, the alerts provide recommended actions and direct reviewers to the specific areas of the BPO that require attention.
Comparable Selection Analysis
Reviewing and validating comparable selection is an important – and time consuming - portion of BPO review. The Comparable Analysis section makes quick work of comparable analysis by validating comparable data against MLS and public record data and provides alternate comparable recommendations when necessary. MLS photos give added insight into subject and comparable properties.
BPO Data Validation
True to its name, the Data Validation section automatically verifies the subject property and comparable data against national public record and MLS databases. No need to access multiple data sources to verify accuracy or completeness. Discrepancies and the coinciding data sources are clearly identified for quick validation.
Understand the market factors that affect BPO value – down to the ZIP Code level. The Market Conditions section of BPO Check calculates inventory information, Listing Analysis, Market Trends for the past 90 days, Sales & Price Trends, Foreclosure Activity and more.
Why CoreLogic is the Right Choice
CoreLogic is the largest provider in the U.S. of real estate, property ownership, fraud, mortgage and mortgage securities data—and the advanced analytics that use them.
The market-specific data from CoreLogic covers:
- 99 percent of U.S. residential properties
- Over 700 million historical transaction records and data spanning over 40 years
- Over 90 million mortgage applications
CoreLogic leverages this data, analytics and experience to deliver the solutions that help our clients achieve their business goals. We are ready to help you achieve your business goals.
Find out more about BPO Check and our other Valuation solutions today. Go to the Contact Me form, or call 866.774.3282 to get started.
*MLS Data and photos where available through CoreLogic Partner InfoNet Program and alternate listing data sources.