Denver, CO – Mortgage Solutions, part of Computershare Loan Services announced today that it will be the sole provider of valuation reviews for Ventana Home Mortgage, the residential mortgage conduit subsidiary of Window Rock Capital Partners, LLC, an opportunistic, strategic credit investment manager. The Mortgage Solutions team will also provide valuation reviews on rental property assets managed by Window Rock Capital.
Ventana Home Mortgage will utilize Computershare's Appraisal Risk Analysis (ARA) to perform appraisal quality control reviews on new loan originations. A cost-effective alternative to traditional field reviews, the ARA report provides an independent conclusion of value and is performed by a state licensed appraiser in accordance with USPAP appraisal review guidelines. The ARA includes area sales data, local home price indices and MLS data. It can be completed in as little as one business day and reports can be customized to specific investor products.
"In today's dynamic housing market, trusted, high-quality valuations are critical to the success of our loan programs," said Joseph Kohout, senior vice president of Ventana Home Mortgage. "After evaluating all the different providers on the market, Computershare stood apart with its team's depth of valuation experience and its innovative solutions. It's clear their products were built with a focus on quality and the customer experience and that gave us immediate confidence that Computershare was the right partner for our needs."
For its rental property assets, Window Rock Capital will use Computershare's Investment Property Analysis (IPA), a desktop review/reconciliation of income-producing property that includes a Form 1007 Single Family Rent Schedule. Each IPA is performed by a certified valuation expert and includes commentary analysis of as-is value and monthly rental rate. The IPA also includes an analysis of both manually sourced and automated rental data, property comparables, and data on local rental market trends.
Backed by a robust team of valuation experts with decades of experience, Computershare's Mortgage Solutions team offers investors and residential lenders a various suite of valuation products and services nationwide. Both IPA and ARA products are available to lenders and investors as standalone solutions.
Mortgage Solutions President Jim Smith stated, "We're delighted that Window Rock Capital and Ventana Home Mortgage have placed their trust in our valuation solutions, which have become increasingly popular among investors and correspondent and wholesale lenders. Both the ARA and IPA were developed specifically to deliver the speed, quality and reliability our clients need to demonstrate proper due diligence. We look forward to a long and productive relationship."
About Ventana Home Mortgage, LLC:
Ventana Home Mortgage, LLC is a privately held residential mortgage loan aggregator founded in 2016 with offices based in New York and Arizona. While focusing on opportunities in the residential mortgage sector--Ventana's founders have endeavoured to create value in the residential mortgage market while working with 'outside the box' homeowners. Customer service is Ventana's number one priority. The company's executive team has well over 30 years of industry experience. For more information, visit www.ventanahomemortgage.com.
Computershare Loan Services
Computershare Loan Services is a leading international third-party mortgage servicing company, currently administering over $100 billion of assets. We continue to invest in technology and servicing enhancements globally and in mortgage servicing rights across the USA. We help mortgage lenders optimize the performance of their portfolios and support hundreds of thousands of borrowers throughout the lifecycle of every loan. Our expertise, experience and understanding of large volumes of complex financial data also help us provide insight and services to mortgage providers, investors and real estate professionals.
Computershare's Mortgage Solutions division is a nationwide provider of property valuation, title and asset management services. Serving investors, servicers and originators in the mortgage industry, we offer a full suite of products and services including broker price opinions, appraisals, reconciliations and reviews, hybrid/alternative appraisals, property condition inspections, automated valuations, asset management, title and more. The Mortgage Solutions team is part of the umbrella of companies under Computershare Loan Services that includes Specialized Loan Servicing, Altavera and Capital Markets Cooperative.