CLEVELAND--(BUSINESS WIRE)--Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced the next generation of its ValueNet technology suite, which is designed to give banks, credit unions and mortgage lenders a faster, less costly alternative to traditional residential appraisals.
With more than 1.5 million desktop appraisals completed and 20 years of experience, Accurate Group is the undisputed leader in desktop appraisal technology. This latest iteration of ValueNet extends its lead as the top choice for bifurcated appraisals, allowing for a mix of desktop technology, mobile property inspections and hands-on review by a licensed or certified appraiser to deliver the best combination of speed, cost and accuracy. ValueNet is also used by leading capital markets firms for accurate valuation of real estate portfolios.
The latest generation of the ValueNet product suite:
- Enables lenders to build an extensive portfolio of digitized appraisal offerings, including exterior and interior desktop appraisals for home equity and portfolio loans, bulk valuations on real estate portfolio holdings, and appraisals for conventional purchase and refinance originations.
- Increases scalability for bulk loan volumes, enabling lenders and capital markets firms to digitally process more valuations quickly and efficiently.
- Optimizes workflows and technology to facilitate seamless collaboration between property inspectors, appraisers and lenders/servicers.
- Enhances standard data API, including valuation and inspection data delivery for automated decisioning.
- Strengthens security protocols to protect information and lower risk.
“By using the ValueNet appraisal suite, firms can expect to see a decrease in overall appraisal costs and an improvement in profit margins, while also gaining access to the next-generation technology platform they need for future growth and digitization,” said Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group. “We also designed ValueNet to appeal to property inspectors and appraisers, making it a win for everyone in the appraisal lifecycle.”
ValueNet is integrated with Accurate Group’s mobile property inspection app, GroundWorks, to crowdsource local property inspectors and enable on-site completion of inspection reports – a powerful technology combination that is unmatched in an industry seeking digital solutions to real-world issues. Appraisal and property inspection data generated by ValueNet and GroundWorks is available through a standard API that allows lenders and servicers to seamlessly integrate the data with their POS, LOS and other technology systems in the digital mortgage process, delivering a streamlined borrower experience.
In addition to benefiting lenders, GroundWorks and ValueNet have been widely embraced by property inspectors and real estate appraisers nationwide, with innovative product capabilities designed to help them increase efficiency, more easily capture accurate interior and exterior details about a property, and deliver complete, compliant appraisals with less rework.
Accurate Group provides valuation solutions to 22 of the top 25 U.S. banks, credit unions and mortgage lenders of all types. Through relationships with more than 10,000 appraisers nationwide, the company manages more than 25,000 appraisals each month. Accurate Group uses one dynamic technology platform to provide best-in-class service and an efficient, single point of contact to coordinate a network of more than 20,000 vendors providing title, closing and valuation solutions. Since 2010, Accurate Group has managed all types of appraisals on more than $450 billion in property value and has closed or recorded over $400 billion in loan volume for its clients.
“Bifurcated appraisals have become standard in the home equity lending industry, and we are now seeing forward-thinking firms extend that standard to bulk property valuations and other loan types,” said Paul Doman, president and CEO of Accurate Group. “Our early market leadership in both desktop appraisal technology and traditional appraisals combined with the significant investments we’ve made in technology innovation uniquely position Accurate Group to help banks, credit unions, mortgage lenders and capital markets firms gain a strategic business advantage.”
Visit Accurate Group’s product websites for a complete overview of the ValueNet appraisal suite and the GroundWorks property inspection app.
About Accurate Group
Accurate Group is a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions. Accurate Group combines exceptional service, innovative technology and its proprietary AccurateAudit™ compliance foundation to provide banks, credit unions, servicers, non-bank lenders and capital markets firms with the best combination of speed, quality, regulatory compliance and price. With Accurate Group, lenders, consumers and capital markets firms benefit from market-leading solutions that improve accuracy, lower costs and improve compliance across all types of real estate loans, mortgage-related assets and real estate portfolios. Visit www.accurategroup.com.
