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CMS offers due diligence for bulk residential portfolios in spreadsheet format, which are utilized to set the sale price, to negotiate a better price or to monitor internal reserve requirements.
CMS incorporates the reconciliation commentary within the investor tape and addresses current MLS activity and closed sales activity, relevant to the subject property. The spreadsheet can be customized to address client specific guidelines and/or requirements.
CMS account managers also handle on or off-site tie-out negotiations. Final tie-out negations are completed by professional, certified appraisers, experienced on a nationwide level and familiar with the portfolio under review.
CMS also provides order-flow management for secondary valuations through our Nationwide Valuation Network of appraisers and BPO providers.
Private or Bulk REO Investors
Broker Price Opinion-Reconciliation (BPO-R™) reports for portfolio transfers are presented in spreadsheet format. With this option a local real estate broker will visit the property and provide a market analysis including three comparable sales and three listings. The BPO includes exterior photographs of the subject front, street and address verification close-up as well as all comparables and listings. The competed BPO is reconciled by CMS’ collateral review appraiser against other available data sources to determine the final REO/liquidation value for each residence. The entire process from order to report completion requires approximately 7 days.
An enhanced standalone BPO-R™ format is also available for spot checks or smaller portfolio transfers.
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