Class Valuation welcomed a new chief data scientist in Vijay Taneja, who will be focused on leveraging the company’s technology suite to bolster the industry’s most powerful and accurate collateral risk analysis platform, the company announced in a press release.
“Today’s lenders stand in the face of seemingly insurmountable pressure to stay competitive in an ever-changing landscape,” the company said. “In addition, the GSE’s appraisal modernization efforts are well underway and will soon impact every mortgage originator nationwide. The need for accelerated closings while still ensuring data integrity, accuracy, and compliance has never been more important.”
Class Valuation recently announced its 3D imaging technology, offering more dynamic and accurate measurements, sketches, and 3D property images. This allows appraisers to collect more accurate, consistent, and transparent property data sets than ever before, and now the company has set its sights on ways to action that data, the release stated.
“At Class Valuation, we believe our computer vision and innovative technology suite will change the way data is utilized in our industry, going much further than traditional collateral risk and valuation models,” Class Valuation CEO Mike Detwiler said in the release. “By bringing Vijay on board, we will become far more sophisticated in how we think about differences in properties, running powerful analytics against a broader, more holistic data set.”
Taneja comes to Class Valuation with more than 20 years of experience in top-down data architecture and strategy. He most recently spent seven years at Realtor.com, where he accelerated company growth through new features and efficiencies informed by deep analytics, A/B testing, innovative machine learning-based data products, and data lake architectures.
“Spending the past several years in the real estate industry, I have seen firsthand how data can be harnessed for home value analysis,” Taneja said. “With that said no one has considered real-time data and advanced technology to create true machine learning tools that drive accuracy. Class Valuation is the only company thinking about the bigger picture, and I look forward to being a part of bringing that picture to life.”
Class Valuation is a top nationwide real estate collateral valuation and appraisal management company to the residential mortgage industry.