Accurate Group Strengthens ValueNet, the Industry’s First Desktop Appraisal Solution and Leader in Bifurcated Appraisals

Innovative next-generation technology supports a broad range of loan
types and gives lenders a path to digitizing the appraisal process

CLEVELAND–(BUSINESS WIRE)–Accurate Group, a leading provider of technology-driven real estate
appraisal, title data, analytics and e-closing solutions, today
announced the next generation of its ValueNet technology suite, which is
designed to give banks, credit unions and mortgage lenders a faster,
less costly alternative to traditional residential appraisals.

With more than 1.5 million desktop appraisals completed and 20 years of
experience, Accurate Group is the undisputed leader in desktop appraisal
technology. This latest iteration of ValueNet extends its lead as the
top choice for bifurcated appraisals, allowing for a mix of desktop
technology, mobile property inspections and hands-on review by a
licensed or certified appraiser to deliver the best combination of
speed, cost and accuracy. ValueNet is also used by leading capital
markets firms for accurate valuation of real estate portfolios.

The latest generation of the ValueNet product suite:

  • Enables lenders to build an extensive portfolio of digitized appraisal
    offerings, including exterior and interior desktop appraisals for home
    equity and portfolio loans, bulk valuations on real estate portfolio
    holdings, and appraisals for conventional purchase and refinance
    originations.
  • Increases scalability for bulk loan volumes, enabling lenders and
    capital markets firms to digitally process more valuations quickly and
    efficiently.
  • Optimizes workflows and technology to facilitate seamless
    collaboration between property inspectors, appraisers and
    lenders/servicers.
  • Enhances standard data API, including valuation and inspection data
    delivery for automated decisioning.
  • Strengthens security protocols to protect information and lower risk.

“By using the ValueNet appraisal suite, firms can expect to see a
decrease in overall appraisal costs and an improvement in profit
margins, while also gaining access to the next-generation technology
platform they need for future growth and digitization,” said Scott
Waxman, chief appraiser and president of the ValueNet division of
Accurate Group. “We also designed ValueNet to appeal to property
inspectors and appraisers, making it a win for everyone in the appraisal
lifecycle.”

ValueNet is integrated with Accurate Group’s mobile property inspection
app, GroundWorks, to crowdsource local property inspectors and enable
on-site completion of inspection reports – a powerful technology
combination that is unmatched in an industry seeking digital solutions
to real-world issues. Appraisal and property inspection data generated
by ValueNet and GroundWorks is available through a standard API that
allows lenders and servicers to seamlessly integrate the data with their
POS, LOS and other technology systems in the digital mortgage process,
delivering a streamlined borrower experience.

In addition to benefiting lenders, GroundWorks and ValueNet have been
widely embraced by property inspectors and real estate appraisers
nationwide, with innovative product capabilities designed to help them
increase efficiency, more easily capture accurate interior and exterior
details about a property, and deliver complete, compliant appraisals
with less rework.

Accurate Group provides valuation solutions to 22 of the top 25 U.S.
banks, credit unions and mortgage lenders of all types. Through
relationships with more than 10,000 appraisers nationwide, the company
manages more than 25,000 appraisals each month. Accurate Group uses one
dynamic technology platform to provide best-in-class service and an
efficient, single point of contact to coordinate a network of more than
20,000 vendors providing title, closing and valuation solutions. Since
2010, Accurate Group has managed all types of appraisals on more than
$450 billion in property value and has closed or recorded over $400
billion in loan volume for its clients.

“Bifurcated appraisals have become standard in the home equity lending
industry, and we are now seeing forward-thinking firms extend that
standard to bulk property valuations and other loan types,” said Paul
Doman, president and CEO of Accurate Group. “Our early market leadership
in both desktop appraisal technology and traditional appraisals combined
with the significant investments we’ve made in technology innovation
uniquely position Accurate Group to help banks, credit unions, mortgage
lenders and capital markets firms gain a strategic business advantage.”

Visit Accurate Group’s product websites for a complete overview of the ValueNet
appraisal suite
and the GroundWorks
property inspection app
.

About Accurate Group

Accurate Group is a leading provider of technology-driven real estate
appraisal, title data, analytics and e-closing solutions. Accurate Group
combines exceptional service, innovative technology and its proprietary
AccurateAudit™ compliance foundation to provide banks, credit unions,
servicers, non-bank lenders and capital markets firms with the best
combination of speed, quality, regulatory compliance and price. With
Accurate Group, lenders, consumers and capital markets firms benefit
from market-leading solutions that 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.

Contacts

Accurate Group
Correne Jackman
Phone: 216.672.3620
Email: cjackman@accurategroup.com

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