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Associate Member Profile

Do you know if your metes and bounds legal descriptions are correct? We know that 15-20% of them are incorrect- leaving the bank with many problems. Vizaline converts written property descriptions into pictures using satellite images to help determine if a legal property description is correct.

The visualization tool, or "Viza-Audit", provides a rapid and inexpensive report to help lenders better understand their assets and protect portfolios and customers by making better decisions on the front end. Turnaround time is generally 48 hours. The legal property description is the foundation to the loan, and errors create troublesome risk exposure. Issues delay foreclosures, reduce market value of properties and expose properties to weather and vandalism. Vizaline has conducted more than 20,000 case audits for nearly 40 banks across eight states. Banks range in size from $100M-$8B in assets. Viza-Audit lets a banker know quickly if there is an issue requiring an attorney or a survey. Most significantly, Vizaline has not had a bank leave the program after they joined.

Brent Melton, CEO - 601-405-1802                           Visit Our Website

    

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    3801 Woodland Heights Road

    Suite 125-G
    Little Rock, Arkansas 72212
    501 . 246 . 4975

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 Arkansas Community Bankers Association
   
 

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