Accurate Group, a leading provider of real estate appraisal, title and compliance services, introduced its iValueNet solution May 5.
iValueNet is part of Accurate’s ValueNet appraisal suite and is designed to give banks, credit unions and mortgage lenders a less expensive alternative to traditional home appraisals. The software was developed to allow lenders to have a choice on interior property inspections that saves time and money without sacrificing quality or compliance, the company said.
“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. 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.
“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,” Accurate Group President and CEO Paul Doman said. “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.”
iValueNet is available directly though Accurate Group and will be rolled out to Accurate Group’s network of resellers later this year.