Increase pull through and reduce turn times on home equity loans

Simplifies the property-valuation process for home-equity loans

Once the homeowner accesses the Validate application on their mobile phone via a lender-provided link, several fields for the property’s features are displayed, such as street address, year built, number of bedrooms and bathrooms and so on. Using our comprehensive property records data, Validate automatically completes these fields. The homeowner simply confirms or updates this information.

The Validate app then prompts the homeowner to use their mobile phone’s camera to take several key photos of the property – including interior and exterior shots — and upload them directly in Validate. Homeowners have the option of uploading additional photos of amenities or views that would impact the property’s value. GPS verification and maps show where the photos were taken to confirm their legitimacy, and the photos are also time stamped.

Photos of any damage or necessary repairs, such as foundation cracks, leaky roof, smoke damage or peeling paint are identified and uploaded before the homeowner digitally certifies that the photos are true and unaltered. The lender is also provided various authorizations, including for digital signature and permission for the lender to use the uploaded data/photos.

By combining actual property photos with computer-vision technology, the AVM can more accurately reflect the property’s condition to determine its value, while you time and money.

Since Validate increases valuation accuracy, it enables you to focus on loans with a higher probability to close and, as a result, help increase pull-though rates.