[1]U.S. Real Estate Services [2] (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation [3] (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.
CSC is using USRES' BPO services in order to ensure more accurate valuations. By performing BPOs on CSC's origination loans, USRES can reconcile initial prices generated by completed appraisals. CSC's brokers can directly connect with USRES to register and place orders through the CSC website.
"An accurate valuation is the foundation of every real estate transaction, and something our clients have confidence that USRES will always deliver," said Keith Guenther, co-founder and CEO of USRES. "Our nearly 25-year track record of success on default side enables us to offer our partners more competitive pricing and turn times than other AMCs, which were major factors during Citadel Servicing Corporation’s selection of USRES. Additionally, having our own, in-house auditing team comprised of licensed appraisers is one element that sets USRES apart, giving our clients assurance that they will receive exceptional service and consistent, precise valuations the first time."
Headquartered in Irvine, California, CSC specializes in non-prime loans on both owner-occupied and non-owner occupied residential properties. USRES maintains its own in-house staff of licensed appraisers, the only BPO provider to do so. The staff audits every order for content and accuracy. In addition, a network of carefully selected, licensed appraisers supports both origination and default appraisal services for USRES.
"We are excited to expand our breadth of AMC partners and look forward to this new partnership with USRES," said Daniel Perl, CEO of Citadel Servicing Corporation.