This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

LPS Delivers Home Equity Valuation Solution To Meet Emerging Regulatory Requirements

JACKSONVILLE, Fla., Oct. 29, 2013 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading independent provider of valuation services, integrated technology, data and analytics to the mortgage and real estate industries, announced the release of its Home Equity Valuation solution that meets the interagency guideline requirements for both appraisals and evaluations for home equity loans.

(Logo: )

In support of recent advisories from the Office of the Comptroller of the Currency urging banks to strengthen their oversight of the home valuation process related to home equity loans, LPS' Home Equity Valuation solution provides a USPAP-compliant appraisal report format that meets these higher standards. It incorporates an automated valuation model (AVM), a subject property inspection by a local, licensed real estate professional, and a state-licensed or certified appraiser's independent desktop appraisal for a credible, cost-effective valuation.

Additionally, the Home Equity Valuation workflow can be customized to meet client-specific risk management policies.  For example, more complex properties, such as those that are high-end, rural, or have a unique design or location, can be seamlessly upgraded to more traditional drive-by or interior appraisals, to offer clients a solution that addresses all of their home equity valuation needs.

"As the housing market begins to recover and equity returns to homeowners in certain markets, regulatory scrutiny of property valuation tools for home equity lending is also increasing," said Mark Johnson, president of LPS' LSI division. "As a result, lenders can no longer rely solely on the more conventional AVMs and Property Condition Reports (PCRs) to meet evolving compliance guidelines."

"As the leading provider of integrated data and analytics to mortgage lenders, servicers and investors, LPS produces AVMs that are among the most trusted in the industry," said Rob Walker, managing director, LPS Data & Analytics. "And, because the AVM component of the Home Equity Valuation solution uses LPS Data & Analytics' expansive property database, this USPAP-compliant appraisal solution renders a credible and cost-effective valuation that will help lenders mitigate risk and meet new compliance requirements."

"LPS' Home Equity Valuation solution is a powerful, affordable and USPAP-compliant tool that addresses today's regulatory concerns and simultaneously raises the bar for the rest of the industry," said Johnson.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs