Valligent, a provider of collateral valuation and risk management solutions, and Kirchmeyer & Associates/Real Info Inc., a national appraisal, database and real estate appraisal consulting company, have formed a strategic alliance. Under the new partnership, the companies will provide lenders and investors with access to a variety of valuation products and services, ranging from automated valuation models (AVMs) to full-scale appraisals and consulting services.
The partnership is in response to customers' growing needs for a wider range of valuation products and services, with the rise in requirements such as the Home Valuation Code of Conduct, Fannie Mae's new guidelines, as well as Fannie Mae's new electronic appraisal delivery standards, the companies say.
Products and services available from Valligent under the partnership include the company's proprietary suite of DRiVE collateral valuation solutions, as well as AVM reports, traditional reviews, and its weighted quantitative scoring mechanism database used to evaluate appraisers and identify substandard and fraudulent practitioners.
Kirchmeyer & Associates will provide complete and limited appraisals, construction inspections, field reviews, desktop reviews and other services. Its partner firm, Real Info, delivers automated property valuations and uses proprietary Internet delivery technology to provide searchable real estate data on over 100 million parcels, the company says.
"Whether lenders need valuations for loan originations on the front end, or quality control or foreclosure valuations on the back end, both companies now provide the full spectrum of valuation products, from AVMs to desktop and hybrid valuations to traditional appraisal reports," says Jim Kirchmeyer, CEO of Kirchmeyer & Associates/Real Info.