BPO Utilization

Residential Sales

For seller - to gain a listing
For buyer as buyer's broker

Additional diligence on appraisals

Appraisal review
Appraisal supplement
Quality control
Fraud

Validate Appraisals/Appraisal Assessment

Use BPO data such as comps, neighborhood and market analysis etcï¿½
market changes
Eyes on (drive by BPO) for changes in condition

Loan origination where permitted by FIRREA

Under $250,000; qualify for sale to GSE

Internal non-lending purposes

Valuation of portfolio
Mark to market

HELOC and Home Equity Loan

Refinance (no new ext of credit/adverse changes)

PMI removal

Secondary markets (loan not property sold)

Establish portfolio price - seller
Due Diligence - buyer
MBS

Distressed loans

Ongoing diligence/disposition
REO
Short Sale
Loan Modifications
Pre-Foreclosure

Legal

Divorce
Estate settlement
Lawsuits
Prenuptials