Last month, ValuTrac Software, a software solutions provider to the appraisal management and mortgage lending industry, and Platinum Data Solutions, provider of collateral valuation and risk assessment technologies, entered into a partnership that would result in integrating ValuTrac’s ValuTrac Pro, a customizable appraisal management system, with Platinum’s RealView, a configurable appraisal data quality verification technology. To find out more about this partnership, Valuation Review sat down with Platinum Data Solutions Chief Executive Officer Phil Huff.

Valuation Review: What prompted the partnership?

Huff: Platinum was in the process of due diligence with three different appraisal management system providers. As it were, ValuTrac was also in the process of investigating ways to meet its customers QC needs. This prompted a meeting between the two CEOs, leading to the partnership.