Bradford Technologies and ISGN Corp., have teamed up to offer a desktop appraisal product for home equity lines of credit (HELOCs), second appraisals and real estate owned (REO) properties.
The two companies have launched the Valuation Advantage Desktop Appraisal, a new desktop appraisal product supported by a third-party property inspection.
An appraisal generated with this product is prepared by licensed and/or certified appraisers with local market knowledge. These reports utilize statistical analysis and local appraiser expertise to support the subject property’s value. Valuation Advantage Desktop Appraisal includes the CoreLogic Case-Shiller Index’s two-year market forecast to provide a better understanding of the property’s long-term value and risk as a collateral instrument.
According to the companies, the solution will produce a significantly higher-quality and more reliable valuation compared with an automated valuation model (AVM) and other non-appraiser valuation products.
Valuation Advantage Desktop Appraisal is available exclusively through ISGN. Appraisers on ISGN’s panel can produce the desktop appraisal solution using Bradford Technologies’ CompCruncher software.
Lenders and investors interested in ordering ISGN’s new desktop appraisal solution and appraisers interested in producing these valuation reports for ISGN should visit www.ISGN.com or call 860-656-7550.
ISGN’s mortgage origination and servicing technologies have been used on more than 5.5 million U.S. mortgage loans. The company works with a majority of the top 10 national lenders, as well as with regional lenders, nonbanks, credit unions and community banks. ISGN also offers valuation, title and closing services.
Bradford Technologies has provided appraisal applications and computer-aided appraisal software for 26 years.