Valuation Partners Selects ACI’s Collateral Valuation Platform for New Statistical Valuation Product
STATS Positioned as Potential Alternative to BPOs and AVMs
PALM COAST, Fla. — July 12, 2012 — ACI, a leading provider of real estate appraisal software, announced that Texas-based Valuation Partners has selected ACI to develop STATS (Statistically Tested Appraisal Technology Solution). STATS is a new valuation product from Valuation Partners for equity and collateral assessment lenders. STATS uses ACI’s new Collateral Valuation Platform (CollateralVP), a universal platform that provides a quick and easy way for appraisers to incorporate regression analysis into an appraisal report to further support the value conclusion.
STATS is an appraisal report alternative to BPOs (broker price opinion) and AVMs (automated valuation model) prepared by professional real estate appraisers. STATS leverages ACI appraisal technology for data integration and mapping technologies that auto-populate the appraisal report and significantly reduce time spent on administrative tasks. Additionally, STATS incorporates the CollateralVP regression component, which automates the calculation of sales grid adjustments. This enables the appraiser to complete assignments faster while supplying statistically supported, superior assignment results.
“In our presales focus group initiatives, we learned from the lending community that there’s a strong appetite for a statistically supported transparent valuation product like STATS,” said John McIntyre, SRA, SVP, and chief residential appraiser of Valuation Partners. “We selected ACI as a technology ally for STATS because of its technology experience, outstanding reputation, and the nationwide base of appraisers using ACI software.”
“Alliances that are market-driven and open up new revenue opportunities for appraisers are healthy for our industry,” said Dave Roberts, president, ACI. “We’re pleased that Valuation Partners selected ACI’s CollateralVP to create a solution that puts innovation in the hands of the appraisers and fulfills an industry need.”
About Valuation Partners
Valuation Partners is a team of appraisers, staff, and management who work as a cohesive unit to provide the utmost in quality and service to our clients. Our success is based on superior quality reports, timely performance, and customer satisfaction. Our partners adhere to the highest levels of educational commitment, exceeding all industry standards for continuing education. We expand both product knowledge and skill enhancement by providing multiple online educational tutorials, available to our vendor partners. Education levels completed are weighed in order to select the best candidate for each appraisal assignment. For more information, visit www.valuationpartners.com or e-mail info@valuationpartners.
ACI, a pioneer in crafting technology solutions for the mortgage valuation community, has gained industrywide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions are tailored to the needs of the organizations ACI serves. The ACI client base features many of North America’s premier lenders, national appraisal companies, and real estate brokerage firms. From connecting appraisers nationwide to streamlining quality control, ACI enables organizations to process appraisals and manage exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI (www.aciweb.com) is a division of Verisk Analytics (Nasdaq:VRSK).
Senior Vice President, ACI
John McIntyr, SRA
Chief Residential Appraiser, Valuation Partners