Collateral Assessments

Appraisal
Customers appreciate the fast response times and low costs associated with our appraisal service. You can choose from complete property inspections, drive-by or desktop appraisals.

We can readily handle your needs nationwide with a network of over 10,000 state certified or licensed appraisers. All appraisal vendors utilized by ORTRIS are selected based upon a thorough review of education, training, work experience, and licensing standards. Consistent monitoring of appraiser turnaround time and quality control standards ensure that industry standards and customer specific guidelines are met.

Automated Valuation Model (AVM)
ORTRIS furnishes state-of-the-art automatic valuation tools that are flexible in returning property value, providing national coverage with detailed subject and comparable information.

Our automated valuation models can be used for pre-qualification, property valuation for streamline refinances or equity products, loss mitigation for an immediate representation of property, or for portfolio and appraisal review.

Broker Price Opinion (BPO)
ORTRIS offers fast and accurate broker price opinion services through state licensed brokers and agents. Choose a limited/exterior, drive by or full/interior BPO. Completed products are delivered on forms with photos of the subject property. BPOs are ideal for default loans, foreclosures, loss mitigation, bankruptcy, due diligence/bulk sales, loan servicing, quality control, portfolios and REO departments.

Flood Compliance
ORTRIS provides guaranteed flood determinations so lenders can secure insurance to indemnify against mortgage loss resulting from a loan being made on real property located within a Special Flood Hazard Area (SFHA).

The choice of either a basic determination or life-of-loan determination provides added flexibility. Life-of-loan determinations are tracked and changes are reported to you in order to protect the collateral within the federally regulated time periods.

Survey
ORTRIS offers land surveys via a nationwide network of local survey experts. Utilizing the most advanced survey techniques, our reports are consistently accurate and precise. Our professionals specialize in land surveys. Our comprehensive surveying services include mortgage surveys to boundary surveys.

Copyright © 2004 Old Republic Title Insurance Group. All rights reserved. Revised: 10/12/04