BuildFax’s dynamic building permit data provides a new dimension in understanding a property’s structural status and history, helping Calyx customers quantify condition and quality details as reported by the appraiser and thereby enhancing confidence, safety and soundness in new mortgage production.
- Once an appraisal is received by the lender, underwriters can easily compare the appraisal with building permit records to corroborate and quantify the appraiser’s observations on collateral condition and quality, boosting confidence to move forward with the transaction.
- Identify potential issues with collateral ─ such as open permits ─ even before an appraisal is ordered, saving time and money.
TRY BUILDFAX FOR FREE! Sign up to receive a free 2-week BuildFax Trial. Find BuildFax under AVM Reports in the Point Services menu. To learn more, visit www.buildfax.com/calyx/gettingstarted, or call 855-237-8711.