Accurate Group has introduced its iValueNet solution, part of the ValueNet appraisal suite designed to give banks, credit unions and mortgage lenders an alternative to traditional, costly home appraisals. Lenders have a choice on interior property inspections that saves time and money without sacrificing quality or compliance. Accurate Group has developed a technology platform combined with proven processes to transform how real estate lenders manage property appraisals, title information and regulatory compliance.
“iValueNet delivers lenders a detailed interior property inspection at a lower cost and with faster turnaround time than a traditional appraisal, while still ensuring regulatory compliance,” said Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group. “By using the ValueNet appraisal suite, lenders who are not already partnering with Accurate Group can expect to see a decrease in overall appraisal costs and an improvement in home equity profit margins, while also gaining access to the next generation technology platform they need for future growth.”
ValueNet is built around a USPAP-compliant desktop valuation process and is the leading desktop valuation solution on the market due to its speed, accuracy and quality. The ValueNet technology platform is complemented by Accurate Group’s vetted, nationwide network of property inspection professionals and certified appraisers. An iValueNet appraisal report includes multiple photos of the property, neighborhood and key interior features. It also includes professional measurements to ensure accurate GLA calculations and a home pricing trend graph. With iValueNet, lenders get a level of research and analysis similar to a traditional interior appraisal at a fraction of the cost and with faster turnaround.
“As the economy strengthens and home values continue to increase, lenders have the opportunity to significantly increase revenues from home equity loans and home equity lines of credit,” said Paul Doman, president and CEO of Accurate Group. “As the market leader in home equity appraisals, title and compliance, Accurate Group is well-positioned to help banks, credit unions and mortgage lenders of all sizes take advantage of this opportunity.”