Lenders One, StreetLinks Partner

St. Louis, Missouri-based ""Lenders One Mortgage Cooperative"":http://www.lendersone.com, a national alliance of mortgage bankers, has enlisted ""StreetLinks National Appraisal Services"":http://www.streetlinks.com to provide its members with appraisal services and compliance expertise. With offices in Greenwood, Indiana, and Kansas City, Missouri, StreetLinks is a national appraisal and valuation company, and Lenders One’s newest preferred vendor partner.
Commenting on the partnership, Luke Pille, director of national programs at Lenders One, said, ""As the mortgage industry and the demand for different loan products have evolved over the last year, so has the appraisal process. Our members have expressed an interest in keeping up with changing regulatory guidelines, particularly with the Home Valuation Code of Conduct (HVCC) that will now take effect on May 1, 2009. It was our responsibility to find an experienced compliance partner to provide our members with complete assurance throughout the collateral valuation process.""
StreetLinks is unlike traditional appraisal management companies in that it ""hand-reviews"" each appraisal to ensure accuracy and validity. In addition, StreetLinks said, Lenders One members will benefit from faster loan approvals and superior loan performance as every appraisal is underwritten to specific lender and investor guidelines as well as meets Uniform Standards of Professional Appraisal Practice (USPAP) requirements. All appraisals are also backed by a 100 percent loss warranty, meaning that if a lender suffers a loss related to a proven defect in a valuation, StreetLinks will cover that loss entirely.
Steve Haslam, StreetLinks' CEO, explained, ""Our diverse leadership is comprised of veteran lending and appraisal professionals, so StreetLinks understands the customer aspect of the appraisal process and has developed its platform around the very needs of mortgage bankers and brokers. Partnering with Lenders One allows us to supply lenders across the country with the most comprehensive, reliable valuation solutions that empower origination personnel to better communicate with customers and help restore confidence in the appraisal process.""
Pille added, ""StreetLinks enables our members to have up-to-date, 24/7 live tracking of appraisals, and can provide a trusted subject matter expert to assist them with any valuation-related questions. This partnership extends the cost savings and tangible benefits offered to Lenders One members.""