Bradford Technologies, a provider of appraisal technology solutions, received an Innovations Award from Progress in Lending Association for Redstone, which the company introduced in 2015.
The honor was presented at the Mortgage Bankers Association’s National Technology conference. Redstone was developed by Bradford Technologies to help real estate appraisers support their appraisal reports to lenders and government-sponsored enterprises (GSEs).
“This recognition is an acknowledgement of the importance Redstone plays in helping appraisers provide more detail and analytical support in their appraisal reports,” Bradford Technologies President Jeff Bradford said, in the press release.
“Lenders today are demanding greater transparency and repeatable results from appraisers,” Bradford said. “Redstone has been particularly useful in helping appraisers add statistical support to their appraisals and better defend their value conclusions.”