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Tag Archives: Appraisals

Veros Expands Platform with IntelliReal’s iAVM

Veros Real Estate Solutions has expanded its third-party product offering through VeroSELECT with an intelligent automated valuation model (iAVM) from IntelliReal. The platform is designed to route and return AVMs and other forms of valuation products with secure management of vendors, users, products, and services.

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DataQuick Adds AVM Capability to Collateral Valuation

DataQuick, an independent provider of real estate information, analysis, and solutions, now offers lenders and servicers access to Home Value Explorer (HVE) through the company's Collateral Validation solution. Access to this Freddie Mac automated valuation model (AVM) is part of DataQuick's collateral risk management platform.

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Collateral Analytics, Valuation Partners Team Up for ‘Hybrid’ Solutions

Collateral Analytics, a provider of automated valuation models (AVMs) and real estate analytic tools for the mortgage lending industry, and Valuation Partners, a 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.

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DRI Unveils New Modules, New Name for Default Management Platform

DRI Management Systems, Inc., a provider of default process management software, added new functionality with several new modules to version 1.4 of its flagship technology. Officially relabeled DRI Office, the platform was previously known by its development code name, Rincon. According to DRI, the new version was created to relieve mortgage servicers' workloads and improve results with capacity planning, workflow tracking, services ordering, and enhanced communication capabilities.

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First Smart Phone App for Appraisal Industry to Debut in 2011

Coester Appraisal Group, a nationwide appraisal management company based in Maryland, announced the appraisal industry's first smart phone application last week. The free application, currently in beta testing and available later this year, connects Coester Appraisal Group with staff, contracted appraisers, and its lender and broker clients.

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PCV Murcor Celebrates 30 Years

PCV Murcor recently celebrated its 30th anniversary. The company develops appraisal order-tracking system technology. PCV Murcor, owned and operating by an MAI-designated appraiser, is known for its technology, such as geo-coding and the advanced electronic assignment system. The firm's sister company Vendor Resource Management, which provides REO disposition and loss mitigation services, celebrates five years in business this year.

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Platinum Data Solutions Appoints Brand-Building Consultant

Platinum Data Solutions, a California-based provider of comprehensive appraisal review and collateral valuation technologies, appointed Ray Petta as a consultant focusing on brand building and business development. Petta is responsible for developing strategies that increase brand awareness and market share and overseeing their implementation.

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JVI Appraisal Division Names Bill Pittenger President

JVI Appraisal Division LLC recently announced that long-time appraiser and real estate economist Bill Pittenger has joined the company as president. Pittenger will also hold the title of the firm's chief economist. He brings four decades of experience in real estate, valuation, economic analysis, and forecasting to the JVI team. Earlier in his career, Pittenger held senior appraiser positions at two of the nation's federal banking agencies.

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a la mode Expands Mercury Network to Offer BPOs

Oklahoma-headquartered a la mode, a developer of desktop, mobile, and Web tools for the real estate and mortgage industries, is expanding its Mercury Network vendor management platform (VMP) to offer broker price opinions (BPOs). Mercury Network is an online VMP, allowing lenders and appraisal management companies to manage appraisals nationwide.

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Pro Teck Offers Two Solutions to Meet New Appraisal Requirements

Federal regulators have amended their interagency appraisal and evaluation guidelines for real estate transactions, and confusion has set in. According to Pro Teck Valuation Services, the 70 pages of hard-to-decipher rules and conditions have led industry participants to ask the following question more than anything else: What can I use to replace broker price opinions (BPOs)? Pro Teck says it has two products in production and available to clients today that meet the new interagency requirements.

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