“In the current market, the uncertainty is expensive, and lenders cannot afford to reconsider their valuation data,” said John Fraas, CEO of Class Valuation, in a statement. “Class-valuation analysis delivers what our partners need the most needed, trust and compliance, especially when making trade decisions with high deployment linked to mortgage maintenance rights.”
CVA is structured to meet the uniform standards of the professional assessment practice and is intended for use in different phases of the life cycle of the loan. These include forensic assessments, internal control audits, building validation and post-board evaluations required by the companies sponsored by the government.
Each CVA assessment contains a risk-based assessment by a recognized appraiser, validation of important report components such as comparable and adjustments, and a final report intended to support decisions about mortgage loans.
The company added that its CVA process meets the due diligence and assessment standards that are recognized by large creditworthiness agencies.
“By combining licensed expertise, AVM-supported analysis and usable reporting, CVA helps our customers to validate colland quality and reduce the risk of the loan life cycle,” Fraas said.
