BPO Usages

The following chart is a listing of the most common usages of Broker Price Opinions - BPOs.

Residential Sales
	For seller - to gain a listing
	For buyer as buyer's broker

Additional diligence on appraisal
	Appraisal review
	Appraisal supplement
	Quality control
	Fraud

Loan origination where permitted by FIRREA (under $250,000)

Internal non-lending purposes
	Valuation of portfolio
	Mark to market

Home Equity Line of Credit - HELOC (under $250,000 per FIRREA)
Home Equity Loan (under $250,000 per FIRREA)
Private Mortgage Insurance - PMI removal

Secondary markets (loan but not underlying property not sold)
	Establish portfolio price - seller
	Due Diligence - buyer

Distressed loans
	Ongoing diligence/disposition
	REO
	Short Sale
	Loan Modifications
	Pre-Foreclosure

Legal
	Divorce
	Estate settlement
	Lawsuits
	Prenuptuals

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