Similar to our other types of providers, KeyStone conducts due diligence on the AVM/AAV/BPO providers based upon the accumulated rules and guidelines of our lenders.
KeyStone looks for AVM/AAV/BPO providers that are reliably accurate and priced competitively.
While the reseller owns the direct vendor relationship with the AVM/AAV/BPO providers, KeyStone provides a good selection of options and facilitates a low cost service to track orders and fulfillments, including provider scorecards, consolidated reporting and invoice reconciliation for the lender.
There are a set of stakeholders that either are brokers paying for ancillary products themselves, or are borrowers that, in accordance with a lender’s operational rules – must have application or appraisal fees collected, who require fund collection as opposed to monthly invoicing of a bill-to-party.
KeyStone’s payment solutions allow for both, synchronous and asynchronous approaches – all with full reporting and comprehensive dispute management services.