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Real Info and Safeguard Add Property Condition Reports to AVMs

""Real Info, Inc."":http://www.real-info.com, a national technology provider of real estate data and automated valuation models (AVMs) headquartered in New York, is offering AVMs with property condition reports designed to meet new regulatory appraisal and evaluation guidelines.


Real Info contracted with Cleveland-based ""Safeguard Properties"":http://www.safeguardproperties.com, the nation's largest privately held mortgage field services company, to provide third party condition inspection reporting with full photo documentation.

The recently published interagency guidelines recommend that lenders consider obtaining verification of a property's current physical condition when utilizing AVMs. The process provides the end user the opportunity


to request a condition report as a standalone product to accompany any AVM, including Real Info's i-ValTM and realAssessmentTM reports.

""Safeguard and Real Info share common goals to help improve and stabilize the mortgage industry,"" said Alan Jaffa, CEO of Safeguard Properties. ""With property condition reports, we are able to meet industry guidelines and improve the quality of property data for lenders.""

The reports determine subject location and condition, which includes photos with an AVM. They also include tier-based pricing based on expected turnaround times.

""Our collaboration with Safeguard Properties enables lenders to not only meet but exceed valuation guidelines in as little as two days,"" said Jim Kirchmeyer, founder and CEO of Real Info. ""By using a condition report in conjunction with an AVM, any potential issues are caught early in the process, which makes an accurate valuation much more credible.""

Kirchmeyer added, ""By working with the leading provider of inspections, Safeguard understands the importance of up-to-date information so that users can properly verify the physical condition of a property quickly and efficiently.""

Real Info provides three proprietary AVMs-i-ValTM, realAssessmentTM, and Q-ValTM.

About Author: Heather Cernoch


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