Valuation Partners, offering vendor management, appraisal reviews, collateral assessment, broker price opinions and appraiser-assisted products, has launched a new platform that equips lenders with a single point of contact for ordering and receiving a suite of valuation products and services, which can be delivered as quickly as 24 hours.
The company says the new platform, PropertyRx, delivers a more cost-effective approach to real estate valuations that gives lenders greater efficiency without having to sacrifice quality and compliance.
“With a contracting market, lenders have a great need for more timely and cost-effective valuations,” says Jon Forrester, vice president of valuation services at Valuation Partners, in a release. “It can also be a challenge for lenders to bring on new partners for different valuation needs, so we built the PropertyRx platform to be an end-to-end enterprise solution for every kind of valuation.”
Products available through the new platform include property condition assessments (PCAs), automated valuation models (AVMs), desktop appraisals and traditional appraisals.
PropertyRx also enables lenders, servicers and investors to tailor unique valuation solutions or build a cascade of valuation solutions that are governed by their unique business rules and requirements.
Clients can access PropertyRx through Valuation Partners’ existing website or any variation of business-to-business direct connections.
Valuations available through PropertyRx are performed by Valuation Partners’ network of credentialed appraisers.