""Interthinx"":http://www.interthinx.com/ has expanded its risk services to collateral valuation. In an effort to change the way appraisals[IMAGE]
are analyzed, the Agoura Hills, California-based provider of risk mitigation solutions recently launched Interthinx Review Appraisal Services Ã¢â‚¬" an appraisal review service that leverages the company's expertise in fraud analytics and helps lenders mitigate the risk of investor buybacks due to collateral valuation issues.
""We saw the need for improving the industry's approach within the valuation space,"" said Mark Chapin, chief valuation officer at Interthinx. ""Doing business the same old way simply won't work anymore. That's why we've begun to apply our proficiency in fraud analytics to modify the way appraisals are analyzed.""[COLUMN_BREAK]
By providing additional data sources and better tools for examining property valuations, Interthinx offers lenders the opportunity to reduce collateral risk significantly via an innovative, Web-based system, Chapin explained.
Interthinx Review Appraisal Services includes desk and field (current and retrospective) appraisal reviews as well as reconciliation services. According the company, all services use a certified licensed-level real estate appraiser, selected only after a stringent background check has met Interthinx standards. The opinion is supported by data from public and Interthinx proprietary sources and the knowledge and experience of the review appraiser.
To provide these services to its national client network, Interthinx combined its appraisal team with the technical expertise of the Appraisal.com platform developed by ACI, a provider of technology solutions for the valuation industry.
Ã¢â‚¬Å“The analytics and tools we are developing in tandem with ACI are shaping the future of valuation,Ã¢â‚¬Â said Kevin Coop, president of Interthinx. ""Expanding our current valuation services division to provide in-depth desk and field appraisal review services that leverage our proprietary data, analytics, and systems is a natural and necessary step for Interthinx and our customers.""