Scottsdale, Ariz.-based Zaio Inc. has released Version 2.0 of its patent-pending database and technology, which includes several enhancements that the company says will greatly benefit lenders and appraisers.
With the new version, lenders will no longer be required to wait four to seven days to obtain the results of appraisals, and they can access appraisals from a secure database in seconds. Instead of instantly populating only the 2055 exterior appraisal form, with Version 2.0, appraisers will now be able to produce a complete line of valuation services ranging from automated valuation models to desk-top appraisals and more.
Zaio notes that it currently maintains a database of 140 million property records.