Risk and Collateral Management
NAS provides a number of products to facilitate superior collateral and risk management. With a renewed focus on collateral management due to the changing regulatory environment and market conditions, NAS has developed tools for our lender and insurer clients to enable implementation of their valuation policy and process.These tools also deliver to lenders more efficient lending processes and decisions while effectively managing adherence to residential mortgage underwriting policy.
NAS Proprietary Online Appraisal Forms
Exclusive innovations introduced to the Canadian marketplace are the NAS on-line bilingual appraisal forms.At no cost to appraisers or lenders, our on-line appraisal forms provide superior searching capabilities with exceptional risk management functionality. The NAS form allows for consistent review, direct data feed to our clients, loan origination systems, automated compliance, completeness checks and enforcement of client risk requirements.
The NAS ViewPoint report is a convenient, concise and easy-to-read scorecard to help clients identify risks associated with property appraisals.Based on lender-specific criteria and guidelines, NAS ViewPoint provides an appraisal review using property and market factors to indicate different levels of risk as well as compliance completeness. The NAS ViewPoint simplifies the way an appraisal is reviewed.The report is fully automated to provide clients with the highest level of accuracy and presents risk factors on a summary page.The identification of risks can save significant time in the appraisal review process, while mitigating potential valuation risk.
The NAS PropertyGauge offers a detailed property report to help lenders augment their pre-adjudication, point of adjudication and early default valuation review with coverage on over 85% of all properties in Canada. The NAS PropertyGauge provides key property details such as, property value range, neighbourhood risks, market trends, pictometry and property details.
Risk Management - Intelligent Valuation Portal (IVP)
The NAS IVP model is the industry's most robust and frequently utilized technology driven by collateral decision methodology.The technology is embedded in the NAS system which automates the selection of the property valuation product type based on client-specific business rules.
The NAS IVP ensures automatic policy compliance when requesting real estate valuations. Criteria can include geography, credit rating, loan type, purchase price, loan amount and tenure, flip flags, market and neighbourhood trends to enable the decision tree to determine the appropriate valuation service product.The NAS IVP gives lenders tools to meet the changing requirements of the Canadian regulatory landscape by having a technology and data-driven solution to meet their collateral risk policy.