DataQuick has partnered with ValueNet to offer its customers access to ValueNet’s USPAP-compliant Desktop Appraisals. The ValueNet suite presents mortgage professionals with a more accurate and cost-effective solution, in comparison to similar products, to fulfill their appraisal needs and provides multiple benefits, which include:
►Qualified local appraisers to complete desktop appraisals;
►Options to include exterior inspection of properties and neighborhoods;
►Accurate market intelligence, including Home Price Index and local Sales Activity;
►Location maps; and
►National delivery within three to five business days.
“Market knowledge of local appraisers paired with property-level data and neighborhood trending information are the keys to accurate appraisals,” said ValueNet Chief Executive Officer Scott Waxman. “We are excited to integrate our ValueNet product offering into DataQuick’s Collateral valuation offering.”
ValueNet appraisals include extensive property research, input from local data sources and the actual valuation of the property, while offering several variations of reports to be used throughout the lending operation. Various options offered in ValueNet’s suite of products include:
►ValueNet Desktop: A USPAP-compliant desktop appraisal for AVM Cascade or portfolio risk management;
►ValueNet Plus: A USPAP- and IAEG compliant appraisal, which includes external property inspection and photos of subjects; and
►ValueNet EX: A USPAP-compliant appraisal alternative designed to meet the needs of REO and loss mitigation managers.
“ValueNet has established a reputation for quality, service and reliability in delivering accurate desktop appraisals,” said John Walsh, president of DataQuick. “Their proven performance and comprehensive product set is a great complement to DataQuick’s collateral valuation and appraisal solutions.”