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*Interthinx:* *Case* *Study* *Two*
In the current mortgage landscape, valuation can be an adventure, but the right strategies and methods can help ensure quality control. To assist professionals navigating today's valuation concerns, _MReport_ tapped ""Interthinx's"":http://www.interthinx.com/ chief valuation officer, ""Mark Chapin"":http://www.youtube.com/user/ReutersVideo?blend=2&ob=4#p/c/AAEA5C7CC7B65F1B/14/FYd4v5ZTAVs, IFA, for his expert opinion, which we included in our publication's October issue.
[IMAGE]Today, we're sharing his exclusive article and related case studies, as we examine a critical component of the mortgage marketplace. Please review Chapin's ""full article"":https://themreport.com/articles/interthinx-are-valuations-tempting-fate-2011-10-20 on TheMReport.com, and observe Case Study Two as follows.
[COLUMN_BREAK]*_Top_* *_Reasons_* *_for_* *_Repurchase:_* *_Fraud_*
_Property_ _notations_. ""The subject is located in a diverse neighborhood of varying housing styles ranging from single family to multi-family. The neighborhood is close to shopping, schools, and area traffic arteries"".
_Property_ _specifics_. Review of file due to foreclosure.
Details on the OA exhibits, pictured above.
1. Close in photos shot to south.
2. Map shows large vacant area to north (does show FWY).
3. No mention of the many deviants to residential market value.
4. All comparable sales located well south of subject location.
5. 50 percent REO rate in subject area at time of OA not mentioned in OA comments.
6. Subject is in good condition and is a conforming home style for area.
7. Issues discovered in desk review then elevated to field review. Retro field review and following BPO 45-70 percent under OA FMV. Origination lender loss on sale 80 percent of loan amount after repurchase.
_About_ _Mark_ _Chapin_
As Chief Valuation Officer for Interthinx, Mark Chapin oversees all value related activities. His diversified background includes federal government and conventional lending experience, independent specialty valuation experience and decades of marketing, solution development and sales experience in the US and Canada.
