Valligent Technologies, a residential valuation technology company, hired Walter Allen as executive vice president of digital transformation.
Within this position, Allen is charged with driving change and implementing Valligent's digital and technology strategy in key areas of appraisal alternatives, alternative inspections and cloud adoption. This role was created as part of Valligent’s strategy to increase adoption of its award-winning virtual appraisal through partnerships and new client acquisition.
Prior to joining Valligent, Allen was an executive with CoreLogic Solutions. During his 13 years with the company, he developed strategies for capital markets clients including Morgan Stanley and Deutsche Bank, and later with federal agencies in the government solutions group, where he managed engagements and provided solutions for FHFA, OCC, HUD, Freddie Mac and others.
The technology behind Valligent’s virtual appraisal enables an inspector to complete a comprehensive inspection without being at the property. With the time saved in visiting the property, the virtual appraisal can be completed in as little as one day. Typical traditional appraisal delivery times range from five to ten days.
“The need for the virtual appraisal is paramount, particularly at this time,” said Jeremy McCarty, CEO of Valligent Technologies. “With lenders busier than ever, time and efficiency are key to preventing fall out and closing deals on time. Walter understands the value of the technology and the necessity of our solution.”