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“Timothy Coester is one of the most highly respected real estate appraisers in the washington D.C. area and has a reputation for training quality appraisers”
Due Diligence for Loan Pools and Loss Mitigation
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Due Diligence is about much more than just AVMs, BPOs,
reviews and appraisals. It's about truly
understanding the market.
Buyback/Reconciliations Services: -Review of claims letters -Retrospective field reviews -Rebuttal Letters Article in MBA Newslink "Hot Potato Mortgage Style"
Forensic valuations: Forensic valuations provide a wealth of information and can provide insight and prospective on the market conditions on a previous date. Forensic or retrospective valuations is simply a valuation based on a previous date and is a tool for your company to get an accurate valuation of a property.
Types of forensic valuations: 1. Retrospective Review - Provides a review on a previous appraisal report done at a previous point in time. This is typically done by a field review or desk review. 2. Retrospective Appraisal - Done by drive-by or
full inspection (if access is available). This is
essentially an appraisal done a previous date. In a
normal appraisal the date of the inspection is the
"effective date" of the appraisal. In this case the
effective date is based on a previous date. It could
be a few months before or years.
Fraud detection: Dectecting fraud is all about knowing the tricks
of the trade. Over our 40 years of experience in
valuations we have seen them all and have various
tools and techniques to determine if fraud was a
factor on a particular file or pool of loans.
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