Valuations expert Craig Zielazny has joined ""Platinum Data Solutions"":http://www.platdata.com/ to help build out its automated valuation model (AVM) offerings, the company announced.[IMAGE]
As Platinum Data's new SVP of valuation analytics, Zielazny is tasked with growing its valuation analytics channel, which includes 18 non-proprietary AVMs and OptiVal, an AVM suitability testing technology.
Zielazny has more than 13 years' experience in mortgage industry data and analytics and has extensive experience in developing and implementing methodologies to help lenders and servicers select the most suitable AVM or cascade for a particular property or group of properties.[COLUMN_BREAK]
He has held numerous executive positions at major organizations, including AV Metrics, Equifax, and Huntington National Bank, and has led the growth of two different analytics products from $100,000 to $1 million in less than a year. He also developed a proprietary method for evaluating the correlation of AVM confidence scores to accuracy and developed and implemented the AVM program at a Top 20 lender.
According to a company release, Zielazny is an ""integral component"" of Platinum Data's plans for growth over the next few years, especially as AVMs explode in popularity.
""One of our vendors is providing over 1 billion AVMs each month and according to our estimations, lenders and servicers are using well over 100 million of those,"" said Platinum Data CEO Phil Huff. ""But most have no idea how much those AVMs impact their bottom lines.
""Shrinking margins are an ongoing challenge for most companies. Many don't realize that the right AVM or cascade can make a huge difference in profitability, revenue and cash flow,"" Huff continued. ""This is a several hundred million dollar marketplace with a lot of untapped opportunities, and Craig is a big part of Platinum's plans to capitalize on them.""