Valligent, a provider of collateral valuation and risk management solutions, and Kirchmeyer & Associates/Real Info Inc., a national appraisal, database and real estate appraisal consulting company, announced that they have formed a strategic alliance to provide lenders and investors with access to a vast realm of valuation products and services, from automated valuation models to full-scale appraisals and consulting services. The partnership is in response to customers’ growing needs for a wider range of valuation products and services, with the rise in requirements such as the Home Valuation Code of Conduct (HVCC), Fannie Mae’s new guidelines, as well as Fannie Mae’s new electronic appraisal delivery standards.
Products and services available from Valligent under the partnership include the company’s proprietary suite of DRiVE collateral valuation solutions, as well as automated valuation model (AVM) reports, traditional reviews, and its weighted quantitative scoring mechanism (AQS) database used to evaluate appraisers and identify substandard and fraudulent practitioners. Kirchmeyer & Associates will provide complete and limited appraisals, construction inspections, field reviews, desktop reviews, and other services. Its partner firm, Real Info, Inc., delivers automated property valuations and uses proprietary Internet delivery technology to provide searchable real estate data on over 100 million parcels across the United States through its realAccess subscription service.
“This partnership helps both Kirchmeyer & Associates/Real Info and Valligent round out their product offerings for their clients and delivers a total valuation solution for lenders who are concerned about cost-effective valuations that are compliant with the rising number of industry regulations and escalating quality expectations,” said Jim Kirchmeyer, chief executive officer of Kirchmeyer & Associates/Real Info. “Whether lenders need valuations for loan originations on the front end, or quality control or foreclosure valuations on the back end, both companies now provide the full spectrum of valuation products, from AVMs to desktop and hybrid valuations to traditional appraisal reports”
“Mortgage lenders today have a huge need for valuations they can trust, and both Valligent and Kirchmeyer & Associates/Real Info have years of experience delivering them,” said Jeremy McCarty, Valligent chief executive officer and chief valuation strategist. “This partnership essentially creates a single valuation resource for lenders, loan servicers, mortgage insurers and secondary market participants with respect to residential valuations. Regardless of their individual needs, clients of both firms now have access to a wealth of solutions that are compliant with the Home Valuation Code of Conduct (HVCC), FHA guidelines, Fannie Mae’s electronic appraisal delivery standards, and other industry guidelines and standards. Meanwhile, access to more solutions than before will enable clients of both firms to be more cost efficient when crafting their collateral valuation strategies.”
For more information, visit www.Valligent.com or www.Kirchmeyer.com.