ValuTrac Software, a software solutions provider to the appraisal management and mortgage lending industry, and Platinum Data Solutions, provider of collateral valuation and risk assessment technologies, announced that they have entered into a partnership. The companies will integrate ValuTrac’s ValuTrac Pro, a customizable appraisal management system, with Platinum’s RealView, a configurable appraisal data quality verification technology, to provide mortgage lenders and appraisal management companies a solution for managing workflow, ensuring compliance and mitigating risk in the appraisal review process.

“ValuTrac is setting a new standard by providing the industry with state-of-the-art, fully customizable appraisal management technology,” commented said Clint Cornett, chief executive officer of ValuTrac. “Platinum is the premier provider of appraisal verification tools and a perfect partner for us to further help our clients’ mitigate risk in the lending value chain. By adding RealView to our product offerings, we now offer appraisal management companies, banks, credit unions, and mortgage lenders the industry’s most advanced appraisal management system to help them operate more efficiently, enhance customer service, mitigate risk and ensure industry regulatory compliance.”  

“RealView offers users more efficiency in the appraisal review process, while ensuring compliance and the highest-quality value decision. Platinum was searching for a best-in-class workflow system that could be integrated with RealView to provide our clients an all-in-one solution,” said Phil Huff, chief executive officer of Platinum Data Solutions. “By partnering with ValuTrac, we now provide our customers a comprehensive appraisal management and quality verification solution that does not sacrifice power, flexibility, or functionality.”      

ValuTrac Pro is a customizable appraisal management system that streamlines appraisal workflow, producing huge operational efficiencies, while mitigating business risk. RealView verifies each field on an appraisal report against the industry’s most comprehensive database, which is derived from Platinum’s network of public and private data sources. ValuTrac customers will now have the ability to deploy custom appraisal review rule sets and receive public record data such as local sales, listings and pending sales that will provide additional insight on market trends for their local areas.