ValuTrac Software and Platinum Data Solutions have announced they have entered into a partnership that sets a new standard for a single, end-to-end appraisal quality verification and management technologies solution. The companies will integrate ValuTrac’s ValuTrac Pro, a customizable appraisal management system, with Platinum’s RealView, a configurable appraisal data quality verification technology, to provide mortgage lenders and appraisal management companies an all-in-one solution for managing workflow, ensuring compliance, and mitigating risk in the appraisal review process.
“ValuTrac is setting a new standard by providing the industry with state-of-the-art, fully customizable appraisal management technology,” said Clint Cornett, chief executive officer of ValuTrac. “Platinum is the premier provider of appraisal verification tools and a perfect partner for us to further help our clients mitigate risk in the lending value chain. By adding RealView to our product offerings, we now offer appraisal management companies, banks, credit unions, and mortgage lenders the industry’s most advanced appraisal management system to help them operate more efficiently, enhance customer service, mitigate risk, and ensure industry regulatory compliance.”
ValuTrac Pro is a customizable appraisal management system that streamlines appraisal workflow, producing huge operational efficiencies, while mitigating business risk. ValuTrac Pro customers gain significant efficiencies with one repository for all appraisals, streamlined web-based appraisal ordering, real-time appraisal status, automated status notifications and appraiser selection. ValuTrac Pro is fully customizable to fit each customer’s specific business requirements.
RealView verifies each field on an appraisal report against a comprehensive database, derived from Platinum’s network of public and private data sources. The system, which can be quickly and easily customized, covers thousands of business rules and appraisal review guidelines. ValuTrac customers will now have the ability to deploy custom appraisal review rule sets and receive public record data such as local sales, listings and pending sales that will provide additional insight on market trends for their local areas.
“RealView offers users more efficiency in the appraisal review process, while ensuring compliance and the highest-quality value decision. Platinum was searching for a best-in-class workflow system that could be integrated with RealView to provide our clients an all-in-one solution,” said Phil Huff, CEO of Platinum Data Solutions. “By partnering with ValuTrac, we now provide our customers a comprehensive appraisal management and quality verification solution that does not sacrifice power, flexibility, or functionality.”
