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Class Valuation aims to cut appraisal risk with new underwriting program

Class Valuation has introduced a new underwriting and appraisal assurance program designed to streamline mortgage lending workflows and reduce risk tied to property valuations.

The product, the Class Valuation Underwriting Engine (CVUE), combines artificial intelligence analysis with human review to deliver appraisals that lenders can accept without conducting their own internal review, according to the company.

Company data indicates that about one in four appraisals is returned for revisions during underwriting, often delaying closings by one to three days.

The new program is designed to reduce these delays by identifying and validating low-risk appraisals earlier in the process.

Class Valuation CEO details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

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