Accurate Group announced the next generation of its ValueNet technology suite, which is designed to give banks, credit unions and mortgage lenders a faster, less-costly alternative to traditional residential appraisals. Accurate group is a leader in bifurcated appraisals.

With more than 1.5 million desktop appraisals completed and 20 years of experience, Accurate Group’s latest iteration of ValueNet extends its lead as the top choice for bifurcated appraisals, allowing for a mix of desktop technology, mobile property inspections and hands-on review by a licensed or certified appraiser to deliver the best combination of speed, cost and accuracy, Accurate Group said in a press release.

ValueNet also is used by leading capital markets firms for accurate valuation of real estate portfolios. 

“By using the ValueNet appraisal suite, firms can expect to see a decrease in overall appraisal costs and an improvement in profit margins, while also gaining access to the next-generation technology platform they need for future growth and digitization,” Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group, said in the release. “We also designed ValueNet to appeal to property inspectors and appraisers, making it a win for everyone in the appraisal lifecycle.”

The latest generation of the ValueNet product suite:

• Enables lenders to build an extensive portfolio of digitized appraisal offerings, including exterior and interior desktop appraisals for home equity and portfolio loans, bulk valuations on real estate portfolio holdings, and appraisals for conventional purchase and refinance originations;
• Increases scalability for bulk loan volumes, enabling lenders and capital markets firms to digitally process more valuations quickly and efficiently;
• Optimizes workflows and technology to facilitate seamless collaboration between property inspectors, appraisers and lenders/servicers;
• Enhances standard data API, including valuation and inspection data delivery for automated decisioning; and
• Strengthens security protocols to protect information and lower risk.

ValueNet is integrated with Accurate Group’s mobile property inspection app, GroundWorks, to crowdsource local property inspectors and enable on-site completion of inspection reports

Since 2010, Accurate Group has managed all types of appraisals on more than $450 billion in property value and has closed or recorded more than $400 billion in loan volume for its clients.

“Bifurcated appraisals have become standard in the home equity lending industry, and we are now seeing forward-thinking firms extend that standard to bulk property valuations and other loan types,” Accurate Group President and CEO Paul Doman said. “Our early market leadership in both desktop appraisal technology and traditional appraisals combined with the significant investments we’ve made in technology innovation uniquely position Accurate Group to help banks, credit unions, mortgage lenders and capital markets firms gain a strategic business advantage.”