HVEŽ Point Value Estimate-Loan Prospector Feedback
Description:
This 1-hour webinar is designed to assist you with understanding the Home Value ExplorerŽ (HVEŽ) informational feedback messages available in the Loan Prospector Feedback Certificate. This automated valuation model provides users of Loan ProspectorŽ with a point value estimate for the property address. This free service can help you more easily identify potentially inflated appraisal values that may need additional review earlier in the origination process.
The use of the HVE point value estimate and other informational messages, can assist you with evaluating the accuracy of appraisals. The HVE point value estimate is not a substitute for an appraisal in any way, and you should continue to follow all of the appraisal, but a tool to help provide you with more confidence in the accuracy and reliability of property evaluations.
Prerequisites:
This session is for Freddie Mac-approved Seller/Servicers ONLY, and not for the general public
Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
Course materials will be e-mailed to attendees prior to the start of the session
Objectives:
To obtain an understanding of how to interpret and use the Home Value Explorer point value estimate and related data elements provided in Loan Prospector feedback.
Topics:
Background information on HVE
Understanding the drivers for the enhanced Loan Prospector Feedback Messages and related data elements
HVEŽ Point Value Estimate-Loan Prospector Feedback