Retention and Marketing Analysis Case Study: Using MAP AVM to empower customer services teams

This mid–sized commercial bank client uses various tools to help identify retention and marketing opportunities in the bank’s mortgage portfolio. Competition for borrowers in their footprint is strong so they needed to increase the ROI on marketing opportunities. Identifying quality retention candidates is critical to proactively maintaining relationships with existing customers. read more

Quality Control on Appraisals Case Study: Large U.S. Commercial Bank Leverages MAP AVM to Identify and Eliminate Appraisal Fraud

The client, a U.S-based commercial bank with a large residential mortgage portfolio, was facing concerns due to potential fraud with short-sale properties within its portfolio. In order to address these concerns, the client required a model-generated market value to use as a second opinion on short sale appraisals. The client determined that an automated valuation model(AVM) would be a perfect fit for their quality control business requirements. Five Bridges approached the client and identified MAP(Market-Assessed Price) AVM as a potential solution because of its speed and accuracy in generating market values for residential properties. read more

Valuation Due Diligence Case Study: Large Mortgage Originator Utilizes MAP AVM for Initial Stages of Portfolio Property Valuation Due Diligence

The bank’s team responsible for reconciliation and researching property values within appraisals, BPOs and other valuation products were using online property estimates to compare as part of their due diligence, allowing for inaccuracies in their process. The bank needed an accurate, reliable, high hit rate tool that provided a quick turnaround of information. read more

Collateral Valuation Case Study: Mid-Sized Commercial Bank’s Mortgage Unit Leverages MAP AVM for Periodic Updating of Its Held-for-Investment Mortgage Portfolio Collateral Values

The consumer risk management group determined that as the bank’s mortgage whole loan portfolio had grown, its ability to conduct periodic updated valuations of collateral underlying those mortgages was limited. The bank had expanded its mortgage lending activities beyond its historic footprint and so it wanted to understand how changes in collateral value would translate into current LTVs that in turn would influence delinquency and default performance of the portfolio over time. read more

Pre-Application Analysis/ Underwriting Case Study: Originator Seeks Process Improvement in Pre-Qualifying Borrowers by Leveraging MAP AVM

To increase pull-through rates on borrowers and reduce costs associated with their mortgage banking business, a large originator sought to enhance the underwriting process by increasing the automation of collateral valuation. For the past three years this lender had experienced an increase in fallout of applications to loans and much of this was attributed to a lack of tools to ascertain the underwriting and collateral quality of the property. read more