Today’s advanced valuation assessment tools include fully automated valuation methodologies (AVM), professional valuer assisted electronic valuation records (EVR) and information assisted site inspections by professional valuers (full site inspection).

The use of advanced valuation assessment tools through a customer configurable business logic platform, can drive significant cost improvements, by using rule based processes to determine the optimal valuation methods given the nature of the transaction and profile of the applications. In some cases fully automated valuation techniques are applicable, in others, the expertise of a professional valuer will be required, depending on the policy logic adopted by the particular institution and property circumstances.

When powered by quality property information databases, advanced valuation assessment tools can yield cost savings of over 50% in the valuation management process as well as reduce risk by detecting increased probability of loss.

Contact RP Data to find out how we can increase the efficiency of your loan processing and application processes.