PLATINUMdata announces update to REALview Plus appraisal tool – NMP Skip to main content

PLATINUMdata announces update to REALview Plus appraisal tool

NationalMortgageProfessional.com
Apr 26, 2010

PLATINUMdata, a collateral solutions provider to the financial industry, has announced the update of its automated appraisal review product, REALview, to REALview Plus to better assist lenders and investors in scrutinizing the valuation accuracy of their appraisals. REALview is an automated underwriting and quality control appraisal review tool that checks appraisals for compliance, completeness and accuracy while integrating public record and MLS data to benchmark the value on the appraisal. In addition to providing the capabilities of REALview, REALview Plus is an enhanced version that provides an automated method of “best comparable” selection and an appraisal quality score, based on sales comp relevance, which can be used for bump logic workflow applications. “In the current market, lenders and investors know that they can’t just look at property appraisals,” said Rocky Donathan, president of PLATINUMdata. “REALview Plus enables reviewers to be more confident in an appraisal, because our technology allows them to cost-effectively and efficiently improve appraisal quality with a standard methodology that objectively evaluates their valuation results.” REALview Plus offers an automated quality score that accelerates the appraisal review process with less risk by providing a probability that an appraised value is accurate. It performs a sales comparables check that ensures fewer valuation issues by utilizing the most relevant sales comps near the subject property. The product uses multi-sourced public record data and MLS data when available to automate due diligence, cutting down on research time while still providing a diverse and thorough review of data points. “Mortgage originators, mortgage insurance companies, servicers and investors have helped make REALview one of our most popular solutions,” said Donathan. “Our next generation of the product greatly enhances an already well-regarded tool to meet the changing needs of the real estate market through objective appraisal accuracy. With property values constantly in flux, lenders and investors are at risk if they don’t use it.” For more information, visit www.platdata.com.
Published
Apr 26, 2010
CRA Impact May Not Be As Profound As Feared

CFPB Director Rohit Chopra tells MBA conference changes shouldn’t be difficult

Regulation and Compliance
May 17, 2022
A UDAAP Expansion

The CFPB’s new memo about consumer complaints

Regulation and Compliance
May 17, 2022
Builders, Lenders Praise Biden Plan To Improve Housing Supply

'Housing Supply Action Plan' seeks to improve affordability by increasing housing inventory over the next five years.

Regulation and Compliance
May 17, 2022
Trigger Leads Could Be Outlawed In Mortgage Industry

N.Y. congressman says selling the information increases risk of fraud, ID theft.

Regulation and Compliance
May 17, 2022
Georgia Governor Signs New Mortgage Licensing Law

Lessens impact on hiring of out-of-state employees with criminal records

Regulation and Compliance
May 10, 2022
10,000 NAHB Members Sign Letter To Biden Seeking Housing Market Help

The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.

Construction
May 02, 2022