""Collateral Analytics"":http://www.collateralanalytics.com, a Hawaii-headquartered provider of automated valuation models (AVMs) and real estate analytic tools for the mortgage lending industry, and ""Valuation Partners"":http://www.ValuationPartners.com, a Texas-based national real estate valuations provider, recently announced a partnership venture.
The move will improve Valuation Partners' current hybrid valuation solutions, according to a statement from the companies.[IMAGE] [COLUMN_BREAK]
""We're seeing incredible demand for fast, accurate, and cost-effective valuations in the mortgage servicing sector, which is still overwhelmed with distressed property,"" said Bill Fall, CEO of Valuation Partners.
""With this partnership, our clients will still get the benefits of local experts who understand local market dynamics - only now they will enjoy a greater level of data and reporting than possible before. It represents a true step forward in the application of human skills as an enhancement to robust analytics,"" Fall explained.
The new partnership will include enhanced versions of RE Value Pro and Micro Market BPO, Valuation Partners' hybrid valuation products for lenders, servicers, and asset managers. The companies will redesign both products to include Collateral Analytics' technology and price, sales activity, and market condition reports.
Future plans include blending analytics and expertise for lenders, servicers, and asset managers who want more than the options provided by broker price opinions (BPOs).
Valuation Partners has a network of 10,000 independent fee appraisers and a network of 30,000 real estate professionals in all 50 states.