How are BPOs used

Banks, lenders, asset managers, loan servicers, GSEs, appraisal management companies, and BPO companies order Broker Price Opinions from real estate Agents and Brokers nationwide.

The following is a listing of the most common usages of Broker Price Opinions – BPOs:

• Home Equity Loan
• Home Equity Line of Credit – HELOC
• Distressed loans
  •  Ongoing diligence/disposition
  •  REO
  •  Short Sale
  •  Loan Modifications
  •  Pre-Foreclosure
• Valuation of portfolio
• Mark to market
• Private Mortgage Insurance – PMI removal
• Secondary markets
  • Establish portfolio price – seller
  • Due Diligence – buyer
•  Legal
  •  Divorce
  •  Estate settlement
  •  Lawsuits
  •  Prenuptials
• Loan origination where permitted by FIRREA (under $250,000)Internal non-lending purposes