About Broker Price Opinion

Description

The BPO or Broker Price Opinion is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Real estate brokers are given an order to do a BPO by the lender, Mortgage Company or loss Mitigation Company. Everyday thousands of BPO reports are assigned to brokers for value estimation of a particular property.

Our BPO mortgage services begin with the ordering of Broker Price Opinion on behalf of lenders. We use customized tools and task-specific support teams to place and monitor BPO orders. We provide round the clock support with the management to facilitate property valuation in the shortest possible times. Our BPO order management services encompass all the steps as mandated by law for a property appraisal procedure. We coordinate and follow up with real estate agents to speed up the mortgage BPO process and follow it up with a detailed review of the report