""Summit Valuations, LLC"":http://www.summitvaluations.com recently announced that the company's Market Intelligence Tool, a critical component to its quality control process, now accompanies each broker price opinion (BPO) provided to Summit clients.
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The company explained that its quality process starts with agent selection; only prequalified agents holding an active real estate license verified by Summit are admitted to Summit's agent network. Network members are continually graded on their performance and must provide thorough, quality valuations on time with a high level of accuracy, Summit stated.
Summit utilizes a proprietary quality assurance process with hundreds of check points to validate BPO accuracy and mitigate errors. Additionally, every field in each valuation is hand reviewed by a member of the company's quality assurance team, all of whom have undergone appraiser training.
[COLUMN_BREAK]A critical step of Summit's quality control process consists of deeper analysis of the data utilizing the company's proprietary Market Intelligence Tool.
The Market Intelligence Tool taps into the unified data warehouse to query similar listings and sales transactions surrounding each subject property. Integrating Google maps, Summit's Market Intelligence Tool also provides interactive insight into the subject property, as well as the subject's immediate neighborhood market conditions.
In addition to helping Summit maintain high quality standards, the Market Intelligence Tool is now accessible by Summit's clients as another weapon in their due diligence arsenal.
James Clark, the company's founder and CEO, explained the release of the tool to clients as a natural progression.
""Summit's quality control process constantly evolves to ensure the integrity of each valuation,"" Clark said. ""The introduction of our new Market Intelligence Tool adds a level of transparency for our clients. It has been so well received; we have turned it over as a tool for them to access as well.""
Summit Valuations, located in Glencoe, Illinois, was established in 2007. The founders applied over 20 years of national real estate experience to build a company that has become one of the industry's fastest growing property valuation firms. Summit Valuations is powered by ""Default Servicing Technologies'"":http://www.dst-llc.com Web-based valuations platform.