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HouseCanary Announces New Partnerships

HouseCanary recently announced it has expanded its Agile Appraisal Management Platform further through partnerships with appraisal management company AXIS Appraisal Management Solutions and Mercury Network.

Utilizing HouseCanary's robust data and analytics with the expertise of local appraisers—Agile Appraisal enables delivery of appraisals to users in a process that is fast, accurate, and affordable, all while facilitating full compliance.

“With our comprehensive data and analytics platform, their appraisers can efficiently spend their time and attention on the key aspects of the valuation analysis, especially when utilizing our integrated tools around comp selection and adjustments, which results in reduced revisions and time savings for all parties," said Alex Villacorta, Ph.D., HouseCanary’s EVP of Analytics. "Our partnership will bring efficiency and consistency to our mutual property valuation clients through this innovative bifurcation process.”

According to Kim Perotti, Co-President of AXIS, lenders, and investors need alternative valuation products based upon risk and need that still include an appraiser’s expert opinion of value.

"Agile Appraisal provides a powerful solution in times when a full appraisal is too much and an AVM is not enough to assess risk in any given market," agreed Michael Simmons, Co-President of AXIS. "This product is perfect for portfolio review and HELOCs, and we are proud to be adding this offering to our wide array of products.”

As a part of the partnership, AXIS Appraisal Management will offer Agile Appraisal to premier appraisers, allowing continued service for their bank and credit union clients by completing a higher volume of appraisals than ever before while still upholding accuracy.

President of Mercury Network, now part of CoreLogic, Jennifer Miller explained that alternative valuations are becoming more and more prevalent in today's market. "We are excited to have both companies on board and to offer this product to other Mercury Network customers," she said.

About Author: Nicole Casperson

Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech's College of Media and Communications. To contact Casperson, e-mail: [email protected].

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