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What is the difference between EDR LoanCheck RSRA, Loan Check Plus, and Environmental Risk Rating (ERR)?
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FAQ
What is the difference between EDR LoanCheck RSRA, Loan Check Plus, and Environmental Risk Rating (ERR)?
EDR LoanCheck® Plus with Professional Opinion provides the following:
Current Government Records
Historical Records on Target Property and Adjoining Properties
Qualified Environmental Professional Opinion
EDR Exclusive High Risk Historical Records (includes new national EDR Historical Auto Stations / Cleaners Database & Coal Gas)
EDR LoanCheck® RSRA provides the following:
New EDR report as of Jan 1, 2018. Intended for SBA transactions only.
Current Government Records
3 Historical Records on Target Property and Adjoining Properties
Qualified Environmental Professional Opinion
EDR Exclusive High Risk Historical Records (includes new national EDR Historical Auto Stations / Cleaners Database & Coal Gas)"
EDR Environmental Risk Rating (ERR) provides the following:
Provides instant elevated or low risk rating on property
Accurate rating based on computer algorithm developed by LBX & a panel of Environmental Professionals
Assigns risk rating to each database record
Indicates distance to target property for each record
Provides full detail of each database record