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Valuation Solutions 
In addition to our flagship Insured AVM product line, we have created several hybrid insured valuation solutions. Below are some examples of our innovative valuation solutions developed for lenders and other customers.
100% Insured Valuation Solution Many lenders have asked us to build programs that use Insured AVMs as the foundation, but also insure more traditional appraisal vehicles such as drive-bys and interior/exterior inspections. This solution allows lenders to leverage the power of AVMs and to extend the risk transfer process to all valuation types. Collateral and Mortgage Impairment Combination Newfound has develop a forward thinking product that takes the two of the most productive mortgage insurance products and combines them to create additional cost savings and more efficiency. Insured AVMs address the valuation process and our Mortgage Impairment product helps streamline the settlement process. Click here for more details. These products combined can speed the closing process by up to 14 days and still provide the risk transfer lenders seek. Mortgage Broker Solutions Traditionally, our Insured AVM products were seen as only available to the lender. Newfound has worked with mortgage brokers to propose turnkey Insured AVM models to their largest lenders. The benefit to a large mortgage broker is that they save on the appraisal costs and can close more customers because of the faster approval turnaround time. The lender benefits because the broker sends them more business and their interest in the valuation process is now insured. We can also leverage this type of arrangement using our Mortgage Impairment product. Forced Placed Insurance Newfound has access to a broad coverage portfolio covering real estate related risk. One such product is Forced Place Insurance Coverage. Our product is a "blanket" policy that replaces a the borrower's lapsed homeowners insurance coverage. Our policy helps streamline the reporting process and ensures coverage is available in case of a loss. This is another example of Newfound addressing a coverage need in the industry by creating a lower cost, higher coverage insurance product. There are many other proprietary solutions Newfound has been ask to build. If you have a unique idea using insurance to help transfer risk with collateral valuations or other parts of the mortgage and settlement process, call us today and we can help. *The information provided is not an offer of insurance and does not warrant coverage. All coverage is subject to underwriting review and approval. Please refer to the policy contract language for questions on coverage terms and conditions. Individual policies may vary from the information provided.
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Newfound Risk Solutions, Inc., Knoxville, Tennessee. Site designed by Eye Media Design. |
