We are pleased to announce that our ValueNet division has officially launched a new interior property inspection solution – iValueNet. iValueNet is part of our market-leading ValueNet appraisal suite and is designed to give banks, credit unions and mortgage lenders an alternative to traditional, costly home appraisals. For the first time ever, lenders have a choice on interior property inspections that saves time and money without sacrificing quality or compliance.
As the established market leader in home equity appraisals, Accurate Group has developed a leading-edge technology platform combined with proven processes to transform how real estate lenders manage property appraisals, title information and regulatory compliance. The iValueNet solution is the company’s latest innovation and the first product of its kind available in the market.
Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group stated, “iValueNet delivers lenders a detailed interior property inspection at a lower cost and with faster turnaround time than a traditional appraisal, while still ensuring regulatory compliance. By using the ValueNet appraisal suite, lenders who are not already partnering with Accurate Group can expect to see a decrease in overall appraisal costs and an improvement in home equity profit margins, while also gaining access to the next generation technology platform they need for future growth.”
ValueNet is built around a USPAP-compliant desktop valuation process and is the leading desktop valuation solution on the market today due to its speed, accuracy and quality. The ValueNet technology platform is complemented by Accurate Group’s vetted, nationwide network of property inspection professionals and certified appraisers. An iValueNet appraisal report includes multiple photos of the property, neighborhood and key interior features. It also includes professional measurements to ensure accurate GLA calculations and a home pricing trend graph. With iValueNet, lenders get a level of research and analysis similar to a traditional interior appraisal at a fraction of the cost and with faster turnaround.
In addition, lenders can save $100 or more per loan with iValueNet versus a 1004 Appraisal – so there is huge opportunity to improve profit margins.
As the economy strengthens and home values continue to increase, lenders have the opportunity to significantly increase revenues from home equity loans and home equity lines of credit. As the market leader in home equity appraisals, title and compliance, Accurate Group is well-positioned to help banks, credit unions and mortgage lenders of all sizes take advantage of this opportunity.
iValueNet is available today directly though Accurate Group and will be rolled out to Accurate Group’s network of resellers later this year.
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