PropertyRate, a national appraisal management and property valuation firm, recently announced the launch of its valuation strategy and operations group to better meet the rapidly evolving needs of the mortgage industry. To support this initiative, PropertyRate strengthened its team with the addition of John Brenan and Daniel Regalado.

Brenan joins PropertyRate as its senior vice president of valuation policy and strategy. He will be tasked with further developing the company’s valuation center of excellence, which provides team members, appraiser partners and clients with best-in-class compliance practices, technical product development, and collateral valuation policies.

Prior to his new position, Brenan served as the chief appraiser and vice president of valuation policy for Clear Capital. He also spent 16 years as a policy leader for the Appraisal Foundation, where he served as a vice president and liaison to the Congressionally authorized Appraisal Standards Board and Appraisal Qualifications Board.

Additionally, Brenan spent eight years as a regulator with the California Bureau of Real Estate Appraisers as its chief of licensing and enforcement, and over 14 years as a manager and field appraiser for multiple national lending institutions. He is a certified USPAP instructor and holds multiple appraiser credentials, the release stated.

Regalado joins PropertyRate as its vice president of appraisal operations and corporate chief appraiser, responsible for guiding internal appraisal support and quality control resources. He has over seven years of experience as a chief appraiser for both a national AMC and a high-growth private real estate lender.

Regalado holds multiple real estate and appraisal certifications and has amassed 20 years of experience both practicing and training other appraisers in field appraising, desktop review, bank underwriting and real estate investment. Both Brenan and Regalado have been active in shaping policy for the appraisal, real estate and mortgage lending industries as active members of Real Estate Valuation Advocacy Association, Collateral Risk Network, the Mortgage Bankers Association and the National Association of Realtors.

“Since its founding in 2004, PropertyRate has always embraced a commitment to continuously improve the property valuation process for mortgage lenders, investors, borrowers, realtors and independent appraisers,” PropertyRate CEO Cameron Reilly said in the release. “We’ve done this by offering unparalleled personal service, investing in proprietary technology that drives both efficiency and accuracy, and sharing our years of accumulated knowledge with a growing network of like-minded professional partners.

“The pace of change in property valuation policies, practices and technology has rapidly increased in the last few years. We believe the addition of these deeply insightful and experienced individuals will position us to better guide our stakeholders through these changes and support our commitment to drive the industry forward in manner that improves the mortgage process for everyone.”