Platinum Data Solutions, a provider of valuation data and analytics solutions, has launched RealView QB (Quality Bridge), what it says is the industry’s only appraisal quality technology that allows users to authorize access and share information with third parties, including lenders, AMCs, appraisers and investors. RealView QB is a workflow feature in RealView.
With RealView QB, users can invite virtually any relevant party to access their appraisal quality and underwriting process on a limited, user-defined basis. These third parties log in to RealView, review appraisal QC results and immediate take action. Examples of these actions include resolving issues, providing explanations or revisions, asking questions such as clarification on comp selection, and more.
By sharing a single system of record, RealView QB can eliminate some of the most time-consuming, error-prone activities, such as rekeying appraisal information, communicating findings and requesting additional information.
“The back-and-forth nature of the appraisal QC process slows the mortgage process and costs companies thousands of dollars each year. Plus, when lenders, AMCs, appraisers and investors operate in silos, it’s difficult to achieve transparency,” Platinum Data President and CEO Phil Huff said in a press release. “RealView QB’s real-time information sharing reduces mistakes and repetitive tasks while bringing transparency to appraisal QC. All parties benefit from lower costs and protected margins, and the industry as a whole gains the transparency it needs.”