In the current digital age, virtual valuations have become increasingly popular in the real estate industry. Lenders play a crucial role in helping prepare homeowners and property contacts for virtual valuations to ensure a smooth and accurate process. Here are some steps that lenders can take to assist in this preparation:
- Educate Borrowers on the Virtual Valuation Process: It would be helpful if lenders could assist in educating homeowners on what to expect during a virtual valuation. This includes explaining how the process works, what information will be needed, and any specific requirements or guidelines that need to be followed.
- Provide Guidance on Property Preparation: Lenders can offer guidance on how borrowers can prepare their property for a virtual valuation. This may include tips on decluttering, ensuring good lighting for video walkthroughs, and highlighting key features of the property.
- Collect and Organize Relevant Documentation: To streamline the virtual valuation process, lenders can help advise borrowers on relevant documentation to collect and provide, such as property deeds, recent appraisals, renovation records, and any other information the appraiser may require.
- Facilitate Communication with Appraisers: Lenders can act as intermediaries between borrowers and appraisers to facilitate communication and ensure that all necessary information is shared promptly. This can help address any questions or concerns that may arise during the valuation process.
- Offer Support Throughout the Valuation Process: Lastly, lenders should offer ongoing support to borrowers throughout the virtual valuation process. This includes being available to answer questions, provide guidance, and address any issues that may arise along the way.
By following these steps, lenders can play a proactive role in preparing real estate property contacts for virtual valuations, ultimately contributing to a more efficient and effective appraisal process.
If you want to learn more, visit our virtual valuation page and contact us here! Valligent is well-known for providing high-quality and accurate virtual valuations.
