Property Details

The Property Details section of the Details page contains the property details and includes the following data fields.

The table below provides a brief description of each data field in the Property Details section.

Field Name	Field Type	Description	Source
Property Value	Currency	Dollar amount of the property value used in valuation calculations.	Internal
Good Through Date	Date (MM/DD/YYYY)	Validity of the property value obtained from Broker Price Opinion (BPO).	Internal
Property Type	Text	Type of dwelling or structure on the property (i.e. single family, detached).	Servicer Input
Property Occupancy Type	Text	The occupancy status of the property (i.e., vacant, occupied).	Servicer Input
Property Inspection Condition Type	Text	A discrete set of values which classify the overall condition of the property.	Servicer Input
Property Issue Type	Text	A discrete set of values that represents different types of issues or problems associated with the property.	Servicer Input
Broker Price Opinion	Currency	A broker's written estimate of the probable sales price of the property. Refer to the Property Valuation page for more information.	Internal
Submission Notes
Submission Notes	Text	Comments entered by the Servicer providing further details about the deed-in-lieu when reporting the deed execution.	Servicer Input

Brokers' Price Opinion Details

Overview

The Broker Price Opinion (BPO) Details of the Property Details section contains the BPO status, order ID, completion date, cancellation/hold reasons, and the Servicer and property contact information. When the BPO is completed, the status will show Closed on the BPO Details pop-up box. The BPO will remain in a Closed status, as the Workout statuses move from one progression to another.

The table below provides a brief description of each BPO Status type:

BPO Status	Description
BPO Cancelled	The request may be in a BPO CANCELLED status for one of the following reasons: Client request No supplier found Duplicate order Insufficient data Access information incorrect No response from Servicer or point of contact (POC) Occupants refusing access Order placed in error Easement issue Pending legal issue Incorrect address Other The Servicer must take action to identify and correct the cause of the cancellation and obtain a BPO outside of Resolve, then resubmit the deed-in-lieu approval request.
BPO Hold	The request is in a BPO HOLD status for one of the following reasons: Insufficient information Occupants refusing access Access information incorrect Future inspection date established Awaiting response from point of contact (POC) Waiting response from Servicer Other Once the reason for the hold status has been resolved, the status moves from BPO Hold to BPO Closed. Resolve will automatically continue processing the request and the workout status will move to Approved or Ineligible for Approval, per eligibility requirements.
BPO Pending	The request is in a BPO Pending status when the broker price opinion property valuation is in progress, but not yet completed. Once the BPO request has been completed, the status moves from BPO Pending to BPO Closed. Resolve will automatically continue processing the request and the status will move to Approved or Ineligible for Approval, per eligibility requirements.

The table below provides a brief description of each data field in the BPO Details section.

Field Name	Description
BPO Status	The status of the BPO order.
BPO Comment	Any additional comments provided about the BPO.
BPO Order ID	The numeric identifier for the BPO order.
BPO Completion Date	The date the BPO was completed.
BPO Hold/Cancel Reason	The reason for the hold or cancel status of the BPO.
Service Type
Servicer Contact Email	The email address for the Servicer's Real Estate Owned (REO) contact.
Servicer Contact First Name	The first name of the Servicer's REO contact.
Servicer Contact Last Name	The last name of the Servicer's REO contact.
Servicer Contact Phone	The phone number of the Servicer's REO contact.
Property Contact First Name	The first name of the contact to access the subject property.
Property Contact Last Name	The last name of the contact to access the subject property.
Property Contact Phone	The phone number whom can provide access to the subject property.
Special Interior Access	Specific instructions for accessing the property.

Required data fields for BPO orders

Resolve retrieves the property value and BPO details when available through BPO Direct. If there is no valid interior/exterior BPO available for the loan, Resolve will place a new BPO order provided the required data is entered on the upload submissions template. Once the BPO details are obtained, Resolve checks eligibility rules to ensure the loan meets eligibility criteria to render a decision. The following template data fields are required for Resolve to order the BPO valuation:

Property Contact First Name
Property Contact Last Name
Property Contact Day Phone
Servicer Contact First Name
Servicer Contact Last Name
Servicer Contact Phone
Servicer Contact Email
Special Interior Access

Learn more about:

Property Valuation