The mortgage lending industry has an on-going need for exterior condition inspections as part of their mortgage approval process. A simple “drive-by Appraisal” is used for some mortgage approvals. Reducing the time and cost of these inspections is important to the mortgage industry since this step can be a bottleneck in completing a mortgage lending transaction. Access to stock imagery enables better risk management throughout the duration of the mortgage through more frequent virtual inspections.
The problem has been the only source of readily available imagery has been the traditional top down views of properties and neighborhoods that do not offer enough visual detail to reduce the number of physical inspections.
GEOVISTA®
Oblique Aerial and street-level property imaging offers on demand access to enough perspective views to reduce the need for drive-by appraisals. The 360º oblique aerial and street-level perspectives convey the true condition of a location in ways that traditional aerial or ground level images alone cannot.
Please contact us at sales@geospan.com or call 1-800-GEOSPAN (1-800-436-7726) to learn more about our mortgage lending solutions.