Better BPO Decisions Help Reduce Overvaluation.(Pro-Teck Services )(Brief article)

NEW YORK -- BPO enhancements provide more and better information to support the accurate valuations needed in today's turbulent market.

Addressing the volatility in values of the current market, Pro-Teck in Waltham, Mass., has added full Subject Listing History and a live link to Interactive Satellite and Flyover Imagery to all of it's BPO products. The company says valuation and due-diligence in the current volatile market need to go beyond a value conclusion.

The Subject Listing History provides 36 months of listing detail from the local MLS. Pro-Teck's inclusion of this information helps to highlight possible fraud and/or pricing trends that have become increasingly important today.

Satellite and Flyover Imagery has been incorporated into the Pro-Teck quality process for some time, however, market demand for access to supporting information and data behind the value has led to Pro-Teck adding a live link to the aerial imagery in the final report delivered to clients.

With access to this integrated web tool, clients have the same ability as Pro-Teck's staff appraisers to view the subject and comparables in 360-degree aerial views. The imagery can be used to better understand the impact of location on the subject as well as selection and weighting of the comparables.

Understanding the basis of a value is essential, whether it's loan origination, servicing, selling or acquisition. The company's valuation services goes beyond a solitary value conclusion and delivers the detailed information required to defend and negotiate values.

Key benefits include fewer bad loans through proper valuation and fraud detection, higher profits from lower due-diligence costs and increased internal bandwidth. The end result is a complete value and risk picture with the supporting detail needed for credibility and defense in today's market.