Nationwide Appraisal Network (NAN) announced the launch of its flagship product AppraisalQPM.
The cloud-based application is designed to reduce cycle times, operating costs and risk associated with the appraisal order and review processes. In addition, the application will provide the data and analytics to manage performance and communication amongst all parties.
The product has brought Jim Cutillo, founder and managing partner of Next Level, LLC, a private equity and strategic advisory firm, on board as an investor.
“It’s not often that you see disruptive technology in its early stages, before it can potentially transform an industry, but when you do, it is impossible to not get involved,” Cutillo said in a press release. “Cari Burris and Joni Pilgrim (NAN co-founders) have built a great business and I am looking forward to working with them to build an industry leading software application and expand NAN’s appraisal management business.”
NAN started developing AppraisalQPM when Burris and Pilgrim identified a gap that exists in the industry for an integrated platform that connects all the players in the appraisal process, provides transparency, control and increased certainty while reducing operating cost and risk.
“Nothing is more exciting than driving cutting-edge technology initiatives,” Pilgrim said. “We have combined data, analytics and process with industry knowledge and technology to deliver a solution that enables our clients make better data driven decisions. We are excited to start our partnership with Jim. His wealth of industry knowledge is unparalleled. NAN has a commitment to move the appraisal process light years ahead.”
“It’s not often that you see disruptive technology in its early stages, before it can potentially transform an industry, but when you do, it is impossible to not get involved,” Cutillo said.