ValuTrac Celebrates First-Quarter Growth

""ValuTrac Software"":http://www.valutracsoftware.com/, a Texas-based software solutions provider to the appraisal management and mortgage lending industries, saw tremendous growth in 2013's first quarter, the company announced Monday.

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During Q1, ValuTrac experienced a 110 percent increase in revenue over the same period last year. Given the rapid adoption rate of its appraisal management technology, the company expects revenue to continue rising, and its customer base is anticipated to more than double over the rest of 2013.

""The mortgage lending industry needs, and lenders are demanding, a compliant appraisal management solution to minimize business risk. ValuTrac's fully-customizable appraisal management system is delivering that solution to both the residential and commercial markets,"" said ValuTrac CEO Clint Cornett. ""Our system is the gold-standard of the appraisal management industry and is designed to provide the specific structure around the regulatory requirements of Dodd-Frank, the Interagency Guidelines, and the Appraiser Independence Requirements. In addition, it allows clients to adjust their appraisal workflow and processes as required for their specific business.""