By implementing Platinum Data’s Collateral Expert property information report, Nations Valuation Services is reducing its reliance on labor while at the same time preventing the delays that are common among AMCs.
“We start using Collateral Expert the moment we receive an appraisal order and keep using it through the entire appraisal process,” says Stephen French, executive vice president of operations for Nations Valuation Services, in a release. “It is saving us about 60 front-end labor hours per week and has reduced back-end revisions. That is a major advance for us because quality and cycle times are the two most important issues to our clients.”
Collateral Expert is an address-driven, interactive property information report that provides AMCs and lenders with information on a subject property and nearby sales right at their fingertips.
In addition to delivering scores and ratings that include a complexity score and value range, the solution can be used to enhance a wide range of collateral-related workflow activities, from verifying information and disclosing appraisal fees, to underwriting and reviewing appraisals and post-closing quality control.