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Appraisal solution offers HELOC revenue opportunity for lenders

Accurate Group’s iValueNet technology aims to reduce time, expense of traditional appraisals

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Accurate Group, a real estate appraisal, title and compliance service provider, has rolled out a new home equity appraisal solution. The company’s iValueNet solution is designed to give banks, credit unions and mortgage lenders an alternative to traditional home appraisals, which some criticize as expensive. With the economy and home values nationwide improving, lenders right now have an opportunity to increase revenues from home equity loans and lines of credit, the company noted. “IValueNet delivers lenders a detailed interior property inspection at a lower cost and with faster turnaround time than a traditional appraisal, while still ensuring regulatory compliance,” said Scott Waxman, chief appraiser and president of the ValueNet division of Accurate Group. “By using the ValueNet appraisal suite, lenders who are not already partnering with Accurate Group can expect to see a decrease in overall appraisal costs and an improvement in home equity profit margins, while a...