BPO SERVICES

Our detailed reports provide the client with the most accurate property information from the beginning, providing you with the highest-quality Broker Price Opinions (BPOs) available.

Why Use DAC Properties for BPO Services?

• Damien Coleman holds a C-Rep designation through the National Association of Broker Price Opinion Professionals (NABPOP).
• Your BPO is personally and professionally completed on time by one of our certified agents.
• Quick and correct turnover is our goal. All BPOs are completed using the NABPOP BPO Standards and Guidelines.

Professional and Personalized

• Every client is assigned a dedicated agent with a C-Rep designation. This individual works closely with you to understand your needs and if there are any special considerations they should consider before performing the BPO assignment.
• Each dedicated agent is an expert in your local market.
• Damien Coleman validates each BPO for correct address data, saving our customers time and money. Leave the complex issues for us to resolve.
• Your dedicated BPO agent ensures your needs are met throughout the report process.
• If you have questions or concerns, we’re available by phone or email during business hours, seven days a week.
• We promise clear, ongoing communication throughout your entire BPO project.
• BPO products offered include interior and drive-by/exterior.

Our BPO reports include interior and/or exterior site inspections, listing information, and neighborhood comparables, including dwelling and lot size, age, condition, style, location, and sale dates to determine the most probable value for the reviewed property. Each report is completed by a DAC Properties-affiliated agent knowledgeable in the market and has received customized valuation training. Additionally, each BPO is reviewed for quality against client and industry standards. Comments detailing any exceptions and how they may affect valuation and risk are also included in our reports.

DAC Properties’S BPO SERVICES ALWAYS INCLUDE:

• Strict adherence to the standards-based BPO rules for quality control
• Estimates on repairs based on nationally accepted repair costs and state guidelines
• Expansive photo journal of the subject property, including repair photos

DAC Properties’s BPO services add value at nearly every step of the life of a loan.

• In Origination to verify the value conclusion of the Origination Appraisal.
• In Servicing, when updating the value of your collateral. When a loan defaults, Damien Coleman can help determine the next steps, whether it be a workout, modification, short sale, or loss mitigation.
• Investing to evaluate the risk of your investment and determine a price range on a specific loan or pool of loans.
• In Disposition to help set an independent, reliable listing price on an REO.

We promise to deliver consistent, accurate, quality-checked, on-time BPOs.

NABPOP

Our completely transparent BPO report is the product of a tightly managed compliance process. We adhere to the Broker Price Opinion Standards and Guidelines to better ensure BPO consistency and quality industry-wide.

BPO Standards and Guidelines

OUR ROAD-MAP to consistent, high-quality reports

Long known for providing the industry’s highest-quality Broker Price Opinions (BPOs), Damien Coleman has collaborated with other BPO industry leaders, experts, and real estate professionals to develop a set of standards and guidelines to ensure BPO consistency and quality industry-wide better.

The BPO Standards and Guidelines (BPOSG) are composed of “must follow” standards, and widely accepted guidelines that allow for flexibility in application. They don’t replace customer specifications, but do safeguard consistency and high quality by setting clear expectations for the professionals completing BPOs.

The BPOSG establishes expectations for:

• Ethical conduct and competency
• Photo requirements and guidelines
• Comparable selection and use
• Definitions and applicability of market, property, and neighborhood terms

The BPOSG was developed by the BPO Standards Board, which consists of BPO industry leaders, experts, and real estate professionals, in conjunction with the National Association of BPO Professionals. A diverse selection of BPO companies and leaders cooperated to develop the BPOSG, demonstrating how committed we are to furthering the BPO industry and supporting those employed throughout the mortgage and lending industries.