Tag Archives: Appraisals

According to Platinum Data Solutions, a collateral valuation technology provider, more than 17 percent of appraisals on purchase transactions report a value less than that of the contract price. Platinum Data CEO Phil Huff said the findings point to two possibilities.

Global DMS, a provider of Web-based compliant valuation management software, announced the launch of Appraisal Tracking On Mobile (ATOM), a new app designed to improve appraisers' field productivity by enhancing their ability to communicate and access information.

As home values have made a rapid ascent in the past few years, those on the sales side point to lagging appraisal models as a major hurdle to finalizing transactions. In a newly released report, however, FNC maintains that despite anecdotal reports, "there is no strong evidence that low appraisal valuations contributed to mortgages falling through."

In response to the housing market's increasing demand for appraisal management companies (AMCs) and the growth of its own client base, California-based valuations firm LRES is expanding its sales division, the company announced.

Platinum Data Solutions, a California-based collateral evaluation and technology provider for the mortgage industry, announced the addition of a new comparison feature to its flagship appraisal quality platform, RealView.

California's Platinum Data Solutions and Pennsylvania's Global DMS have come together to create a faster and easier way for valuation professionals to access appraisal quality and compliance analytics.

PCV Murcor, a California-based real estate valuations provider for lenders, servicers, brokers, and insurers, is now offering its compliant appraisal delivery through Calyx Software's Point loan origination system (LOS), the company announced.

In Pennsylvania, Global DMS announced that national mortgage lender PrimeLending has successfully implemented the software provider's eTrac valuation platform.

In the midst of trying to maintain workflow with a smaller staff, there remains an increasing focus on effective appraisal analysis. Regulatory requirements, investor demands, corporate management, and now disclosure to the borrower have elevated the collateral analysis to the same level of scrutiny as financial analysis. Fortunately, great progress has been made in automated tools and services for appraisal analysis.

In response to recent catastrophic weather conditions in Arkansas and other parts of the Midwest and South, a la mode’s Mercury Network will waive transaction fees for all disaster reports in impacted areas for 90 days, the technology vendor announced.