In Massachusetts, ""Pro Teck Valuation Services"":http://www.proteckservices.com/ introduced Appraisal Desktop with Inspection (ADI), a new hybrid appraisal product for home equity and second mortgage lending.
As a USPAP-compliant desktop appraisal platform, ADI was designed to fill the gap between an automated valuation[IMAGE] [COLUMN_BREAK]
model with property condition report and a field appraisal. According to a company release, ADI leverages two of Pro Teck's strongest core assets: the deep experience of its national staff appraiser team and its large national network of real estate brokers/agents.
The process begins with one of Pro Teck's local real estate brokers/agents, who takes photos and completes an inspection of the subject property and neighborhood influences. The inspection continues on to an appraiser who uses multiple listing services and other market data (along with Pro Teck's local market condition analytics) to determine the most accurate valuation.
""For those searching for a valuation product that meets stringent risk and regulatory demands, Pro Teck's ADI is a safe, accurate, timely and affordable field appraisal alternative,"" said Tom O'Grady, CEO of Pro Teck Valuation Services. ""The ADI provides a quality valuation in an easy-to-read format with a turn-time of less than five business days.""