Update to Property Vision allows appraisers to work with consumers in real time

Washington, D.C., – September 11, 2020 – Appraisal Logistics, a leading provider of high quality appraisal management services, technology and compliance solutions for the residential/commercial mortgage industry, announced today that the company has created a new version of its popular Property Vision appraisal inspection tool that allows appraisers to work with consumers in real time to get a better view of properties they are appraising. PropertyVision Live is available now and offers a safe way to get accurate collateral valuations in the age of COVID.

“Lenders embraced Property Vision because it allowed their appraisers to provide a more accurate opinion of value without putting the lender’s customers and appraisers at risk,” said Frank Danna, CEO of Appraisal Logistics. “PropertyVision Live takes it to the next level by allowing appraisers to work directly with consumers through the technology to get exactly the images they need to complete their report, while keeping everyone safe.”

Like Property Vision, which was launched in August, PropertyVision Live gives lenders fully compliant real estate valuations that are acceptable to agency investors and meet the GSEs’ guidelines for collateral valuation during the COVID-19 crisis. PropertyVision Live allows appraisers to speak directly to consumers and view a live stream of the home as they take interior photographs of their home using any web-enabled device equipped with a camera and:

• Record Live and Offline video, audio, and pictures
• Upload and manage files and attachments directly from device
• Custom text, picture, or video instructions
• Secure claim access without passwords or check-incodes
• Exchange notes with inside team

There is no app to download and consumers are provided with simple instructions that walk them through the process. The technology is available for:

• Purchase money mortgage loans
• HELOC mortgage loans
• Reverse mortgage loans
• Construction loans
• Inspections
• Appraisal revision requests
• Builder warranty work
• Home warranty companies
• Real estate remote home viewings

PropertyVision Live automatically collects geocoding information and other metadata to ensure that the photographs and videos are of the subject property and then makes them available to the appraiser.

Refined, Resourceful, Ready to Help Clients Grow

EAST MEADOW, NY, JULY 7, 2020 -- Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced the resumption of its Correspondent Lending operations, effective immediately.

“We’re excited to once again offer a complete array of non-QM home finance solutions to our Correspondent clients” said Michael Strauss, President.  “While our loan programs have been re-engineered for today’s markets, our commitment to make non-QM mortgages easy and convenient for our clients remains a top priority for Sprout.”

The Correspondent channel will initially feature four comprehensive loan programs to provide solutions for a broad spectrum of borrowers:

• J10 – Select Jumbo Full Doc – For income documented with pay stubs and tax returns, up to $4M, maximum 85% LTV
• A10 – Select Bank Statement or 1099 - For self-employed borrowers, up to $4M, maximum 85% LTV
• A11 – Select Asset Optimizer – For high net-worth borrowers, up to $4M, maximum 80% LTV
• I10 – Inve$tor Debt Service Coverage – For 1-4 unit investment properties, up to $2.5M,
  maximum 70% LTV

“Our Select and Inve$tor programs, a team of experienced Account Executives, and Sprout’s powerful, easy-to-use technology all combine to let our clients deliver the right mortgage to each of their borrowers,” said Shea Pallante, Sprout’s Chief Production Officer.

Today's news follows Sprout’s June 16 announcement regarding enhancements to its four non-QM programs which were launched earlier this year.

The new enhancements include:

• A new maximum 85% LTV on most loan programs
• Reduced rates across the entire program offering
• Increased maximum Loan Amounts at lower Loan-to-Value levels on the Select program series

Refined, Resourceful, Ready to Help Clients Grow

EAST MEADOW, NY, JULY 7, 2020 -- Sprout Mortgage, the leading nationwide force in non-QM residential lending, today announced the resumption of its Correspondent Lending operations, effective immediately.

“We’re excited to once again offer a complete array of non-QM home finance solutions to our Correspondent clients” said Michael Strauss, President.  “While our loan programs have been re-engineered for today’s markets, our commitment to make non-QM mortgages easy and convenient for our clients remains a top priority for Sprout.”

The Correspondent channel will initially feature four comprehensive loan programs to provide solutions for a broad spectrum of borrowers:

• J10 – Select Jumbo Full Doc – For income documented with pay stubs and tax returns, up to $4M, maximum 85% LTV
• A10 – Select Bank Statement or 1099 - For self-employed borrowers, up to $4M, maximum 85% LTV
• A11 – Select Asset Optimizer – For high net-worth borrowers, up to $4M, maximum 80% LTV
• I10 – Inve$tor Debt Service Coverage – For 1-4 unit investment properties, up to $2.5M,
  maximum 70% LTV

“Our Select and Inve$tor programs, a team of experienced Account Executives, and Sprout’s powerful, easy-to-use technology all combine to let our clients deliver the right mortgage to each of their borrowers,” said Shea Pallante, Sprout’s Chief Production Officer.

Today's news follows Sprout’s June 16 announcement regarding enhancements to its four non-QM programs which were launched earlier this year.

The new enhancements include:

• A new maximum 85% LTV on most loan programs
• Reduced rates across the entire program offering
• Increased maximum Loan Amounts at lower Loan-to-Value levels on the Select program series

Sprout's loan programs are accessible through many widely used mortgage product and pricing engines including Optimal Blue, Loan Sifter, EPPS LoanNex and Mortech, while Sprout's easy-to-use iQualifi app provides scenario eligibility and pricing.

 Nationwide Mortgage Bankers is proud to announce Brad Robinson as the new Chief Financial Officer starting July 1, 2020. Robinson will be spearheading our financial department with 24+ years of knowledge and experience, eighteen of which are in the mortgage industry. He will be responsible for overseeing the financial controls and team of NMB and Americasa. 

Robinson joins the team from Century Mortgage Company, as Chief Financial Officer, and has grained experiences from HomeServices and PriceWaterhouseCoopers. 

"I'm honored and so excited to be a part of the team," says Brad. "I commit to earning your respect through hard work, great effort, a positive/passionate attitude while keeping a smile on my face." 

"I am so proud of the executive team we have brought together, and Brad is a great fit and will undoubtedly help excel us forward," said Richard Steinburg, Founder & Chairman of NMB. "He is a rare find with the right amount of finance, capital markets, and mortgage experience, and most import his drive and passion are unmatched." 

Jodi Hall, President of NMB, states, "We are excited to have Brad, not only for his experience and expertise in the mortgage industry but also his alignment with our core values. Brad's roll up your sleeves and get the job done professionally, with a smile on his face, is the perfect fit for our NMB family. We are looking forward to the amazing things we will build together." 

Brad received his Bachelor's degree in Accounting and Business Management from the University of Kentucky.