Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, recently announced it is one of six service providers approved after extensive review and client testing by Fannie Mae for the new Value Acceptance + Property Data valuation modernization initiative.

Accurate Group’s appraisal modernization and property data collection suite, powered by technology products ValueNet and GroundWorks, meet the data standards for all industry appraisal modernization initiatives on the market today, the company stated in a release.

Lenders who leverage ValueNet and GroundWorks on purchase and refinance origination loans eligible for Fannie Mae’s Value Acceptance + Property Data experienced reduced cycle times and cost savings when compared with traditional and residential appraisals, along with greater accuracy and a better borrower experience.

“As the nationwide market-leader with over 25 years’ experience in appraisal modernization, Accurate Group’s data collection and hybrid appraisal solutions are uniquely designed for the modern processes and technologies mortgage lenders are evolving to and offer API-enabled connectivity to industry platforms and loan origination systems,” Accurate Group Chief Appraiser Michele Golden said in the release. “Under our ValueNet suite of products alone, we’ve completed over 3 million property data inspections and hybrid appraisals. Accurate Group is the expert with the most experience and provides the digital framework and modernized appraisal processes our clients need to remain competitive in today’s real estate lending environment.”

As of today, AppraisalWorks offers lenders the option to utilize on-boarded approved service providers on Fannie Mae’s Value Acceptance + Property Data list to empower lenders to choose multiple providers.

“We are one of two companies listed under the approved service providers for Fannie Mae’s Value Acceptance + Property Data that also offer title and closing solutions in addition to valuation services,” Paul Doman, president and CEO of Accurate Group, said. “That’s a big statement – we’re a one-stop shop for lenders giving them a significant advantage over their competitors. Our appraisal, property inspection, title and closing technologies are designed to plug into any digital platform, making Accurate Group the ideal choice for lenders who want to drive greater efficiency, improve loan turn times, and ultimately better serve the consumer.

“Accurate Group is also leading the charge on digitizing other critical steps in the real estate lending process, including expanding AppraisalWorks, our affiliate’s appraisal management platform, to include title and closing services,” Doman added.