ValueNet

DataQuick is offering the ValueNet™ suite of desktop appraisal products as part of its comprehensive collateral valuations offering. The ValueNet process offers mortgage industry professionals best-in-class appraisals that combine the experience and market knowledge of local appraisers, with property level data and neighborhood trending information and analysis. The ValueNet Suite includes:

ValueNet Desktop – The flagship product, ValueNet is a USPAP-compliant desktop valuation process. ValueNet is used primarily as an upgrade when AVMs fail or are not appropriate based on risk factors.

• Completed by a local appraiser
• 95% completion rate
• Next business day turnaround
• Eligible Property Types: available for single family, town home and condominium properties
• Utilizes both quantitative and qualitative appraisal methodology
• USPAP Compliant Desktop
• Does NOT include exterior inspection required for IAEG guidelines

ValueNet Plus – ValueNet Plus is a USPAP-compliant appraisal process that includes all the benefits of ValueNet Desktop plus:

• An exterior inspection of the neighborhood and home
• Multiple photos of the home and neighborhood
• Does NOT include exterior inspection required for IAEG guidelines

ValueNet EX – Specifically designed to meet the needs of REO and Loss Mitigation Managers, ValueNet EX is a USPAP-compliant valuation process with an exterior property inspection.

• ValueNet report plus an exterior inspection of the home and neighborhood
• Analysis of active listings in the neighborhood
• Appraisal completed by a local appraiser
• Superior accuracy compared to a BPO

The ValueNet Appraisal Desktop is a valuable component in DataQuick’s collateral valuations offering, which includes Automated Valuations, Collateral Review Solutions, Non-Appraisal Evaluations and Licensed Appraisals.

Using DataQuick’s patented ePolicy™ product selection platform, valuation workflow can be configured to meet your unique credit risk requirements and process flow needs. The rules-based platform automates selection of products deemed eligible by risk management policy, and may be configured to enable supplemental rules to help review the results, automatically cascading to other products as required by your custom rule set.