Software solutions provider ValuTrac Software and collateral valuation and risk assessment technologies company Platinum Data Solutions announced their new partnership.
The partnership will integrate ValuTrac’s ValuTrac Pro, a fully customizable appraisal management system, with Platinum’s RealView, an appraisal data quality verification technology.
It is intended for the partnership to provide mortgage lenders and appraisal management companies a single solution for managing workflow, guaranteeing compliance and mitigating risk throughout the appraisal review process.
ValuTrac CEO Clint Cornett said, "Platinum is the premier provider of appraisal verification tools and a perfect partner for us to further help our clients mitigate risk in the lending value chain."
Cornett added, "By adding RealView to our product offerings, we now offer appraisal management companies, banks, credit unions, and mortgage lenders the industry’s most advanced appraisal management system to help them operate more efficiently, enhance customer service, mitigate risk and ensure industry regulatory compliance."
"By partnering with ValuTrac, we now provide our customers a comprehensive appraisal management and quality verification solution that does not sacrifice power, flexibility, or functionality," said Phil Huff, CEO of Platinum Data Solutions.