We've just added Service 1st's VRA desk review product to the available collateral valuation services available to order via Mercury Network.
The VRA has received industry buzz lately because of investor demand for appraisal QC.
Mark Oliver, President and CEO of Service 1st, said, "While most rating agencies don’t specifically approve companies like ours, or products like our VRA desktop appraisal review product, we have been accepted as an additional resource along with only two other firms for appraisal reviews in the non-agency secondary RMBS market. Lenders, bankers, conduits, investors, due diligence companies, and other service providers now have an additional option. We have been presented with and have taken advantage of some incredible opportunities across the whole mortgage market as a result. “
Here's more information on VRA:
The vast majority of tools we add are a direct result of feedback from our customers, so keep your requests coming at info@MercuryVMP.com.