Valuation Vision LLC, a nationwide provider of alternative valuation products, announced that its patent-pending multi-opinion broker price opinion, BPOMerge, now is available via FNC’s proprietary appraisal portal, AppraisalPort.
FNC is a software technology company that specializes in providing lenders and servicers real estate analytics to help make better valuation decisions. FNC’s AppraisalPort allows appraisers to view and accept assignments, populate appraisal forms, and submit reports directly to the client.
“We are pleased to offer BPOMerge through FNC to support our current clients,” Valuation Vision CEO Shane Copeland said. “FNC is a recognized technology leader for the nation’s largest lenders and servicers, and this integration makes our unique flagship product available to the vast network of leading banks and servicers within the U.S. mortgage industry.”
BPOMerge is a proprietary valuation solution, where multiple agents provide independent research and price opinions to help produce a credible valuation report. The patent-pending automated reconciliation is designed to score vendor performance to determine the most probable outcome as a valuation conclusion. With 18 expert-selected comparables and more than 40 site-inspection data elements, BPOMerge provides a significant amount of data on the subject property.
“FNC clients continue to benefit from integrated access to over 80,000 service providers on AppraisalPort offering a full range of collateral valuation products. We are excited to add access to new tools such as Valuation Vision’s BPOMerge,” said Mike Mitchell, chief strategy officer of FNC Inc.
“BPOMerge was designed to address the accuracy and reliability shortcomings found in traditional broker price opinions,” Valuation Vision Chief Valuation Officer Ernie Durbin said. “Our patent-pending technology engages multiple vendors simultaneously to generate a reconciled consensus value on the subject property.”