Appraisal management company Accurate Group announced the launch of a new interior property inspection tool—iValueNet. The Cleveland, Ohio-based company said that iValueNet is part of their ValueNet suite of appraisal tools that can be utilized by banks, credit unions, and mortgage lenders as a cost effective-alternative to other interior appraisal options on the market.
“iValueNet delivers lenders a detailed interior property inspection at a lower cost and with faster turnaround time than a traditional appraisal, while still ensuring regulatory compliance,” said Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group. “By using the ValueNet appraisal suite, lenders who are not already partnering with Accurate Group can expect to see a decrease in overall appraisal costs and an improvement in home equity profit margins, while also gaining access to the next generation technology platform they need for future growth.”
Accurate Group explained that ValueNet is built around an USPAP-compliant desktop valuation process. The technology is supported by Accurate Group’s network of property inspectors and certified appraisers. iValueNet report features include property photos; neighborhood and interior features; professional measurements; and a home pricing trend graph.
"As the economy strengthens and home values continue to increase, lenders have the opportunity to significantly increase revenues from home equity loans and home equity lines of credit,” stated Paul Doman, president and CEO of Accurate Group. “As the market leader in home equity appraisals, title, and compliance, Accurate Group is well-positioned to help banks, credit unions, and mortgage lenders of all sizes take advantage of this opportunity.”
iValueNet is available now directly though Accurate Group and will be rolled out to Accurate Group’s network of resellers later this year.