Integrations

Summary:
Integrate LendingWise with Richer Values, a specialized AVM (Automated Valuation Model) provider, to offer property valuations that include After Repair Value (ARV) and rehab budget estimates. This integration would provide users with industry-specific tools for accurate property and investment assessment.

Description:
Adding Richer Values to LendingWise would enhance property valuation capabilities by including key metrics like ARV and detailed rehab budget estimations. This feature would be particularly valuable for lenders focused on fix & flip, construction, and renovation loans.

Key Features of the Integration:

Enhanced Property Valuation:

Provide instant property valuations using Richer Values’ advanced AVM models, including current market value and projected ARV.
Leverage proprietary Richer Values algorithms tailored for real estate investors and lenders.
Rehab Budget Estimations:

Offer detailed rehab budget projections for renovation projects, helping lenders and borrowers align on funding requirements.
Include component-level breakdowns (e.g., roofing, HVAC, flooring) for transparent budgeting.
Real-Time API Integration:

Seamlessly fetch valuation and budget data from Richer Values and display it directly in LendingWise borrower profiles and loan files.
Automate the valuation process for new applications or when a property address is entered.
Comparative Market Analysis:

Provide data on comparable properties, including recent sales and market trends, to validate valuation estimates.
Include geographic overlays for better context in underwriting.
Use Case Automation:

Trigger Richer Values reports automatically for specific loan types (e.g., fix & flip, bridge loans).
Generate alerts for discrepancies between borrower-provided property details and AVM data.
Customizable Outputs:

Tailor valuation reports to include specific data points like ARV, repair budgets, and risk scores.
Provide lenders with configurable settings to meet underwriting standards.
Workflow Integration:

Automatically integrate Richer Values data into LendingWise workflows, such as underwriting and risk analysis.
Enable lenders to generate borrower-friendly valuation reports for transparency.
Why This Is Valuable:

Accurate Underwriting: Richer Values’ ARV and rehab budget components provide precise data for risk assessment and loan structuring.
Time-Saving: Eliminates the need for manual property valuation processes, streamlining loan applications and underwriting.
Competitive Edge: Differentiates LendingWise with advanced, industry-specific valuation tools tailored to real estate investors.
Improved Decision-Making: Helps lenders and borrowers make informed decisions with reliable, detailed property data.
Enhanced Borrower Experience: Borrowers benefit from transparent valuations and realistic budget assessments.