Company Offers Protection Against Inaccurate Appraisals

DartAppraisal.com is offering a warranty that guarantees mortgage lenders and investors against potential loss for default and disclosure due to valuation inaccuracy. The product, DartAssurance, is being offered in partnership with an "A" rated insurance company and will provide up to $100,000 in coverage. The warranty covers the appraisal for 60 months and it is fully transferable. To be eligible for coverage, the maximum loan amount is $750,000, the loan-to-value ratio or combined LTV cannot exceed 100% and the minimum credit score is 620. First and second lien mortgages are covered. Darton Case, president of DartAppraisal.com, said the company understands the need for all types of risk mitigation for its clients. "We believe that our product will help stimulate the much needed private investors back into the mortgage market," he said.