Directed Remote Data Collection (DRDC) solution enables real estate lenders to keep loans on track
CLEVELAND, OHIO – April 9, 2020 – Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced the launch of remote data collection technology to enable interior property inspections to be conducted virtually when more than an exterior inspection is required. The Directed Remote Data Collection (DRDC) technology solution from Accurate Group’s GroundWorks™ division, enables independent property data collectors to work directly with homeowners in a remote setting, to collect property data and photos in real-time. Accurate Group’s DRDC technology solution is the only remote data collection and inspection solution with appraiser independence built in to ensure compliance.
Accurate Group provides the digital framework and modernized appraisal processes its clients need to remain competitive in today’s and tomorrow’s real estate lending environment. The COVID-19 pandemic poses new challenges for real estate lenders. While interest rates are low, fueling demand for home refinance, purchase and home equity loans, borrowers are wary of letting strangers – including appraisers and property data collectors – into their homes. Accurate Group’s DRDC solution solves this challenge.
“By using our DRDC technology, lenders are able to keep their businesses on track during this challenging time, while keeping borrowers and property data collectors safe and engaged,” said Paul Doman, president and CEO of Accurate Group. “To truly enable a complete digital mortgage, lenders need to think more holistically and build out an end-to-end technology platform that supports the entire process. Our appraisal, property data collection, title and closing technologies are designed to plug into any digital platform, making Accurate Group the ideal choice for lenders who want to drive greater efficiency, improve loan turn times and ultimately better serve the consumer.”
Through its focus on continuous technology innovation, Accurate Group has developed the broadest set of technology-driven appraisal, valuation and data collection products on the market today, serving 22 of the top 25 U.S. real estate lenders. Its solutions give lenders a powerful digital framework that enables greater accuracy, a better borrower experience, faster turn times and lower costs.
About Accurate Group
Accurate Group is a real estate technology and services leader delivering technology-driven property appraisal, title data, analytics and digital closing solutions to banks, credit unions, servicers, non-banks and capital market firms. By combining modern process automation, accurate data and innovative SaaS and mobile technologies, Accurate Group provides its clients with the best combination of speed, quality, regulatory compliance and price. With Accurate Group, the real estate finance community and consumers benefit from market-leading solutions that enable modern digital frameworks, improve accuracy, lower costs and improve compliance across all types of real estate loans, mortgage-related assets and real estate portfolios. Visit www.accurategroup.com.