EAS, a provider of property valuation and risk management solutions, has repositioned the company, rebranding itself under the name Valligent and launching a new Web site.
The company has also unveiled a new valuation tool, Collateral Cascade, that uses measured analytics to determine the appropriate valuation solution based on relative loan risk. Through Collateral Cascade, properties deemed to have the highest risk will be matched with the valuation solution that provides the toughest scrutiny, the company says.
"We're taking a proactive stance in addressing the lack of trust in property valuations in today's mortgage industry," says Jeremy McCarty, CEO and chief strategy officer of Valligent. "Substandard and traditional approaches to property valuations have hurt the lending industry and contributed to the mortgage meltdown, and yet we continue to see many of the same mistakes being made."