Solution Collaborates With Local Appraisers To Deliver CUSPAP Compliant
Desktop Appraisal Reports In Two Hours Or Less
TORONTO, Nov. 21, 2011 /CNW/ - Solidifi, a leading next generation real
estate appraisal management company, today announced it has launched
Solidifi DesktopIntel. Solidifi DesktopIntel provides CUSPAP compliant
desktop appraisal reports for mortgage loans to Canadian banks and
other mortgage lenders. The solution offers urban and suburban
coverage through a national network of 3,500 professional appraisers
with reports available in two hours or less.
According to Solidifi Executive Vice President, Guy Bantleman, Solidifi
DesktopIntel fills an industry gap. "Lenders are looking for a step-up
solution to automated valuations for certain mortgage loans where a
full interior appraisal is not appropriate. Solidifi DesktopIntel
fulfills this need through an easy to use, internet-based solution."
To ensure Solidifi DesktopIntel meets the requirements of mortgage
lenders, Solidifi works with a national network of appraisers who have
a thorough understanding of the subject property's neighbourhood.
Through proprietary technology, Solidifi provides these local experts
with information about a specific property in real time. The appraiser
then downloads this information to their desktops using their choice of
appraisal report software. Finally, they complete the report by
expanding on the data and providing professional analysis. Ultimately,
lenders receive a Canadian Uniform Standards of Professional Appraisal
Practice (CUSPAP) compliant appraisal containing property attributes,
photographs, maps, value points, comparables and neighbourhood
descriptions. The final report also carries the errors and omissions
insurance of the appraiser.
Bantleman concludes, "By leveraging Solidifi DesktopIntel, our lender
customers are able to access high quality, local market experts who can
provide the value of subject properties. And, it's available within two
hours. Lenders also have the advantage of a seamless transition should
they wish to upgrade the appraisal to a full interior inspection.
Overall, Solidifi DesktopIntel really is an industry win."
Solidifi is a leading provider of next generation appraisal management
solutions to the North American financial services industry. The
organization offers a flexible technology platform for procuring
collateral valuations from an elite network of full fee appraisers who
openly compete for business based on quality, speed and price.
Solidifi is located in Markham, Ontario and Chicago, Illinois.
Additional information about Solidifi is available at www.solidifi.com.
SOURCE Solidifi Inc.
For further information:
Vice-President, Marketing & Communications, Solidifi