""JVI Solutions LLC"":http://www.JVISolutions.com, a nationwide appraisal and inspection services provider, and Active Data Technologies Inc. (ActiveDT), the parent company of Foreclosure.com, announced Wednesday that the two Florida-based firms have forged a technology partnership which they describe as ""game-changing.""[IMAGE]
The joint venture will soon introduce a proprietary automated home appraisal and broker price opinion (BPO) system that integrates interactive analytical data into a mobile platform that real estate professionals can access from their smart phones, tablets, and other portable devices while performing their valuations. A desktop version will also be available.
The JVI/ActiveDT platform is designed to improve data quality, as well as eliminate common entry errors and the need to communicate with the evaluator, which, in turn, will minimize costly errors and the time it takes to conduct business, the partnering companies explained.[COLUMN_BREAK]
The report will also include all support data that was used or discarded in the selection of viable comparables. JVI says the single-system approach will enable the client to perform their own quality assurance (QA) assessment, which can improve risk management costs.
In short, this new technology will have a significant impact on reducing time and ensuring measurable cost savings, while improving data and valuation quality, the two companies explained. JVI and Active Data Technologies will provide a private glimpse of this new technology to select industry partners.
""JVI is thrilled to work with the team at Active Data Technologies,"" said Ron Nation, president and CEO of JVI Solutions. ""This technology will change the way our industry views the price opinion process, allowing our field partners to complete their reports in a more efficient and thorough manner.""
Nation explained that Active Data Technologies was the perfect partner choice because it shares the same vision of revolutionizing the property valuation industry. ActiveDT's proprietary online offer management and asset management software are just two of the flexible lender- and servicer-friendly services the firm provides to the distressed real estate marketplace.
""This is exactly what the industry needs right now,"" said Brad Geisen, president and CEO of Active Data Technologies. ""JVI is the right appraisal management company partner to deploy our groundbreaking technology. We have seen how technology has created dynamic changes in other industries and have no doubt that this partnership will be a game changer for the mortgage and real estate industries.""