[1]Valuation Vision [2] (V2) announced in a recent press release that BPOMerge [3] will be available through FNC’s AppraisalPort [4]. Valuation Vision is a nationwide provider of alternative valuation products.
"We are pleased to offer BPOMerge through FNC to support our current clients,” said Shane Copeland, CEO of Valuation Vision. “FNC is a recognized technology leader for the nation’s largest lenders and servicers, and this integration makes our unique flagship product available to the vast network of leading banks and servicers within the U.S. mortgage industry.”
FNC is a recognized leader in collateral management platform and valuation technologies. FNC platforms process transactions for the largest US banks, non-bank originators, and mortgage servicers.
“FNC clients continue to benefit from integrated access to over 80,000 service providers on AppraisalPort offering a full range of collateral valuation products,” said Mike Mitchell, chief strategy officer of FNC. “We are excited to add access to new tools such as Valuation Vision’s BPO Merge.”
BPOMerge is a proprietary valuation solution, where multiple agents will work to produce a highly credible valuation report by providing a variety of research and price opinions, according to the release. The patent-pending automated reconciliation was created to gain vendor performance that will be used to determine the most likely result as a valuation conclusion. BPOMerge will also be able to provide a large amount of data on the subject property using its 18 comparables and over 40 site-inspection data elements.
“BPOMerge was designed to address the accuracy and reliability shortcomings found in traditional Broker Price Opinions,” said Ernie Durbin, chief valuation officer of Valuation Vision. “Our patent-pending technology engages multiple vendors simultaneously to generate a reconciled consensus value on the subject property.”