ValuTrac Software Blog

ValuTrac Software Expands Workforce; Cites Continuing Company Growth

Mon, 05 Dec 2011 19:30:00 GMT

The addition of three new employees at ValuTrac Software , is a strong indicator of the continual growth of the appraisal management technology provider, said Clint Cornett, CEO.

"We are pleased to announce the hiring of these first-rate individuals," Cornett said. "They are a great addition to the ValuTrac family and highlight our company's continued growth. Our appraisal managment technology is in high demand and we are positioned to lead the way with this technology that is priced to be affordable for most companies".

All three of the employees are joining our software development team, which will allow us to serve the increasing demand. They bring more than forty five additional years of experience to the ValuTrac team. "The demand for our appraisal management technology is experiencing explosive growth. Expanding our software development team to meet the need of this fast moving market is exciting. ValuTrac strives to provide the highest level of service to all our clients. This expansion will allow us to deliver on that promise," Said Cornett, CEO.

About ValuTrac Software, Inc.

ValuTrac Software is a leading provider of appraisal management software to appraisal management companies (AMCs), appraisers, asset servicers, banks, commercial lenders, credit unions, mortgage banking and wholesale mortgage companies. We partner with you to develop a workflow solution that delivers real added business value to your organization. Using our proven methodology and experience, our team will guide you through the best practices to ensure the project is flawlessly executed and is aligned with your business goals and objectives. We will help prioritize technology decisions, provide deep analysis of business processes, and make recommendations about how to best apply ValuTrac to solve business problems.

Implementation of 12/1 UAD Identifier Hard Stop Postponed

Wed, 30 Nov 2011 21:36:00 GMT

As we get closer to the next Uniform Mortgage Data Program® (UMDP®) milestone date of December 1, the GSEs (Freddie Mac and Fannie Mae) are seeing a steady increase in the volume of appraisal report submissions to the Uniform Collateral Data Portal® (UCDP®). This increasing volume, along with ongoing discussions with our lenders, demonstrates a positive adoption trend for the overall effort to standardize and collect appraisal data.

To support full adoption of the UCDP, the GSEs and other industry players have worked together to adapt their systems to accommodate the new appraisal data delivery requirement and data standards. As part of this effort, we identified several issues impacting successful adoption for lenders and their agents.

Postponement of UAD Identifier Hard Stop Transition
To provide lenders ample time to review the warning messages and make any necessary changes to their processes before the delivery mandate, the GSEs are postponing the transition of the first warning message to a hard stop. This edit checks for the presence of the "UAD Identifier" that indicates the appraisal has been completed on the correct form (identified by "UAD Version 9/2011" in the footer of the form as well in the data file submitted to the UCDP).

The UAD Identifier edit was scheduled to transition to hard stop with a "fatal" severity on December 1, 2011, but will now transition to a hard stop at a later date. Until that time, it will remain a warning message. Once transitioned to a hard stop, the message cannot be overridden and will result in the appraisal report receiving a "Not Successful" status in the UCDP.

Please note this does not change our current requirements regarding UAD-compliant appraisal forms for appraisals with effective dates of September 1, 2011 or the delivery of the appraisals for loans with applications dated on or after December 1, 2011 that are delivered on or after March 19, 2012. It also does not change the status of the hard stops that exist in the UCDP today.

Format Compatibility Issues Fixed by End of November
As previously communicated in the News Update section on the UCDP, we identified format compatibility issues in the UCDP that resulted in some UCDP early adopters receiving UAD warning messages on appraisal data files that appear to be compliant with the UAD standard. The identified issues will be fixed at the end of November, in advance of the December 1, 2011 appraisal data collection requirement for loans delivered on or after March 19, 2012.

Once the issues described above are addressed lenders should refocus their efforts on reviewing each warning message generated by the UCDP to determine whether the appraisal report complies with the UAD and related appraisal requirements, or needs to be corrected by the appraiser.

Data Transfer Issues
In addition, we have become aware that issues are arising in connection with the transferring of data between the different parties involved in the appraisal process before the data is submitted to the UCDP. In at least one case, the appraisal report was completed correctly on a UAD-compliant form by the appraiser. However in the process of transferring the data from the appraiser to the lender, the required UAD data was removed or modified from the original appraisal data file as it was being loaded into the UCDP.

We strongly encourage lenders and their agents to review their submission results including the UAD Compliance edits in the Findings section of UCDP to ensure that all of the required UAD data is present and in the correct format. It is important that lenders and their agents analyze each warning message to ensure the delivery of UAD-compliant appraisal reports to the UCDP. Lenders are responsible for ensuring that data submitted to the UCDP, whether by them or their agents, meets the GSEs' UAD and UCDP requirements.

Click to visit the Freddie Mac website for additional infromation.

ValuTrac Software Named as Fannie Mae UCDP Solution Provider

Wed, 09 Nov 2011 13:46:00 GMT

ValuTrac Software named as a Fannie Mae UCDP solution provider. ValuTrac Software will offer a technology solution that enables the submission of electronic appraisal data directly to the Uniform Collateral Data Portal (UCDP). This technology allows Appraisal Management Companies (AMC) and lenders to streamline their appraisal submission process to the UCDP.

All existing and future ValuTrac customers will have the ability to complete direct delivery to the UCDP portal from within their ValuTrac platform. The direct delivery method is a seamless integration to the UCDP portal, and all appraisals successfully uploaded to the UCDP will receive a Submission Summary Report (SSR) summarizing the appraisal submission details and the status of the submission, as well as a Document Identifier (Doc File ID), which is the unique appraisal identifier generated by the UCDP. Loans delivered to either GSE must have an appraisal with a "Successful" status in the UCDP prior to loan delivery. All appraisals delivered to the UCDP will go through a series of UAD compliance checks. Initially, the UAD Compliance Check will result in warning messages only, beginning December 1st, 2011 the UCDP will enforce the requirement that an appraisal must be submitted on a UAD form (one of the four UAD-supported forms).

For additional information on the UMDP and UCDP please visit the ValuTrac UCDP Resource Page.

If you have questions regarding the UCDP or our direct delivery method, please contact Clint Cornett at 972.996.3206.

ValuTrac Software partners with AMCRegulationSummary.com

Fri, 04 Nov 2011 14:52:00 GMT

ValuTrac Software has partnered with AMCRegulationSummary.com to provide a resource for all ValuTrac customers to easily stay informed of legislation, regulation, and registration requirements for appraisal management companies. AMCRegulationSummary.com provides current news and resources for AMC's, along with products that assist AMC's in assessing and monitoring their company's compliance with state and federal laws.

AMCRegulationSummary.com is your one stop shop for information regarding state legislation, regulation, and registration requirements for appraisal management companies. AMCRegulationSummary.com offers the Summary of AMC Legislation and Regulation. This summary outlines in a concise manner the laws and regulations enacted by each state and federal government. This is an invaluable quick reference guide for appraisal management companies tackling state compliance. This gives you a quick reference guide to a concise outline of the requirements pertaining to AMC's in that specfic jurisdiction. The Summary of AMC Legislation and Regulation is an invaluable tool for AMC's as it eliminates the daunting task of staying up to date on each individual state requirements.

Having a resource like AMCRegulationSummary.com provides our ValuTrac customers with a simple solution to stay on top of the ever changing federal and state AMC legislation and regulation requirements.

The Summary of AMC Legislation and Regulation includes:

A quick reference that outlines the 29 states that have enacted legislation to date:
Alabama
Arizona
Arkansas
California
Connecticut
Florida
Georgia
Illinois
Indiana
Kentucky
Louisiana
Maryland
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Mexico
North Carolina
Oklahoma
Oregon
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Quick reference outline for Federal Legislation
Chart listing each state’s Registration Date
Best Practices Guide for ensuring AMC/Appraiser impartiality
An Outline of “Hidden Fees” of Doing Business in Each of the 29 States
Exemptions Chart, to determine whether your company must comply
Forms for each state, where available

To learn more about how to incorporate the Summary of AMC Legislation and Regulation within your business operations visit AMCRegulationSummary.com.

ValuTrac Software Announces New Office Location

Sun, 30 Oct 2011 22:03:00 GMT

ValuTrac Software, Inc. is pleased to announce the relocation of their corporate office. On October 29, 2011, ValuTrac Software moved in to their new office located at 3131 Cross Timbers Road, Suite 100 Flower Mound, Texas 75028.

"The move will accomodate recent staff growth and will enable the company to continue to maintain superior customer service to all ValuTrac customers. We look forward to maintaining and accelerating our company's growth at this new location, as we continue to provide quality, innovative, and affordable appraisal management technology and solutions."

Clint S. Cornett
CEO, ValuTrac Software, Inc.

About ValuTrac Software, Inc.

ValuTrac Software is a leading provider of appraisal management software to appraisal management companies (AMCs), appraisers, asset servicers, credit unions, mortgage banking and wholesale mortgage companies. We partner with you to develop a workflow solution that delivers real added business value to your organization. Using our proven methodology and experience, our team will guide you through the best practices to ensure the project is flawlessly executed and is aligned with your business goals and objectives. We will help prioritize technology decisions, provide deep analysis of business processes, and make recommendations about how to best apply ValuTrac to solve business problems.

ValuTrac Software Exhibiting at 98th Annual MBA Convention in Chicago

Wed, 21 Sep 2011 19:34:00 GMT

ValuTrac Software will be exhibiting at the 98th Annual MBA Convention in Chicago, October 9th - 12th. Come by and see us at Booth 819 in front of the lounge area in the exhibit hall.

If you would like to connect at the MBA Convention please feel free to give us a call at 972.996.3204 or email Clint Cornett, CEO or John Sisson, SVP National Sales.

FHA Officially Adopts the UAD - Mortgagee Letter 2011-30

Mon, 29 Aug 2011 19:03:00 GMT

The Federal Housing Administration (FHA) will adopt the Uniform Appraisal Dataset (UAD) and two of the UAD compliant appraisal reporting forms, which further define specific data fields in these industry standard appraisal reporting forms.

To allow Mortgagees sufficient time to make any necessary data system changes, the requirements of this Mortgagee Letter are mandatory for all case numbers assigned on or after January 1, 2012 and for all appraisals performed on HUD real estate owned (REO) and Pre-Foreclosure Sale (PFS) properties with an effective date on or after January 1, 2012.

Prior to the effective date, Mortgagees, at their discretion, may accept and submit for loan endorsement an appraisal in either a UAD compliant format or a non-UAD compliant reporting format.

Click here to read and print Mortgage Letter 2011-30.

Department of HUD Endorses UAD for FHA Appraisals

Mon, 22 Aug 2011 17:02:00 GMT

The Spring 2011 (Issue 3) of the FHA Appraiser Newsletter embraces Uniform Appraisal Dataset (UAD)

In an effort to enhance appraisal data quality and consistency and to promote the collection of electronic appraisal data, Fannie Mae and Freddie Mac (the Government Sponsored Enterprises or GSEs) have developed the Uniform Appraisal Dataset (UAD). The UAD modifies 4 of the industry standard appraisal reporting forms: the URAR, the Individual Condominium Unit Report, the Exterior Only Residential Inspection Report and the Exterior Only Inspection Individual Condominium Unit Report.
Fannie Mae and Freddie Mac will require appraisals reported on one of these four appraisal reporting forms to be in compliance with the UAD for all conventional loans delivered to the GSEs on or after September 1, 2011.

The UAD is part of the Uniform Mortgage Data Program (UMDP) which also includes the Uniform Loan Delivery Dataset (ULDD) and the Uniform Collateral Data Portal (UCDP). As the ULDD and the UCDP are for submission and electronic collection of appraisal and loan data related to conventional loans delivered to the GSEs, this article will only address the UAD which will directly impact FHA Roster Appraisers. When performing appraisals reported on the URAR and the individual condominium unit report form, FHA Roster Appraisers will be required to submit reports which are UAD compliant. FHA does not permit the use of either of the two exterior only inspection reporting forms.

The UAD will standardize the definitions of select key appraisal data elements such as property condition and quality of construction as well as the describing the view which will prevent appraisers from inputting descriptions such as average in the field for view in the Site Section or average quality in the Improvements Section of the report. UAD compliant appraisal reporting forms require the following information that was never explicitly required before:

Days on market for subject property and the comparables
Specifically defined condition and quality ratings
Status of improvements to kitchen and bathrooms
Sale type for subject property and each comparable sale

Appraisal report software form providers have incorporated the UAD requirements into their form software and UAD compliant appraisal reporting forms will be available on an industry wide basis this Spring.

FHA Roster appraisers can become familiar with the UAD field specific requirements detailed in Appendix D of the Uniform Mortgage Data Program by visiting either of the GSEs’ web sites: Fannie Mae or Freddie Mac

FHA plans to release guidance concerning the use of the UAD appraisal reporting forms later this year.

If you have any questions regarding the UAD requirements, please contact ValuTrac Software at 972.996.3204.

ValuTrac Software Connects with Social Media Networks

Fri, 08 Jul 2011 13:01:00 GMT

ValuTrac Software has gone social! Stay Connected: Facebook | Twitter | LinkedIn

Now ValuTrac users, vendors, appraisers, and all those directly associated to appraisal management can follow us on Twitter, Facebook and LinkedIn.

Social media is one of the best ways to stay current on developments including sales, marketing, and product and services updates. It also fosters knowledge sharing and educates and informs with industry leaders and executives who want to know about the latest and best software and applications in the business.

ValuTrac Software will be sharing:

ValuTrac Software Company News
ValuTrac Features/Functionality Updates
ValuTrac Integrations/Partnerships
Appraisal Industry Compliance Updates
Appraiser Continuing Education Opportunities
Mortgage Industry News

We promise to pack as much useful information as possible into our announcements and blogs and encourage interaction from you. If there is a questions about us or our products, or if there is something you would like to see happening that hasn’t yet, share your thoughts and ideas with us through our Social Media:

Stay connected with ValuTrac Software: Facebook | Twitter | LinkedIn

Uniform Collateral Data Portal (UCDP) Open For Business!

Fri, 01 Jul 2011 14:14:00 GMT

The Uniform Collateral Data Portal (UCDP) went live four days ago, have you registered to become an approved user?

Lenders and their agents may access the UCDP through two options:

A web-based interface that allows users to browse and upload XML or PDF files to the portal.
Vendor provided solutions that offer an integrated system interface with the UCDP.

The UCDP is now available for use giving users an opportunity to integrate this new workflow with their existing processes prior to the mandatory submission date.

To register and become an approved UCDP user click here.

New resources have been provided to help you incorporate the UCDP in to your business processes, take advantage of these UCDP resources.

For additional information on the UCDP visit:

ValuTrac is currently completing a direct integration to the UCDP portal to simplify appraisal delivery for all of our ValuTrac customers. To further simplify implementation of the UAD and UCDP requirements, ValuTrac will offer additional tools for customers to adhere to the UMDP guidelines.

ValuTrac enhancements simplify appraisal delivery for EVERY ValuTrac customer.

Appraisal Conversion Tool - PDF to XML Mismo 2.6
Uniform Appraisal Dataset (UAD) Validation Tool - Confirms minimum appraisal requirements
Uniform Collateral Data Portal (UCDP) - Direct UCDP Integration

If you are unsure on how to prepare for these upcoming industry changes, please feel free to contact ValuTrac Software at 972.996.3204 for a free consultation.

ValuTrac Enhancements Simplify Commercial Appraisal Management

Tue, 28 Jun 2011 22:20:00 GMT

Until now, ValuTrac was a 100% residential appraisal management platform. ValuTrac now offers enhanced functionality to efficiently manage commercial appraisal work flow, from start to finish.

The commercial funcitonality provides our customers with the flexibility to manage the entire appraisal work flow process, both commercial and residential in one platform. This enhancement to ValuTrac, gives all ValuTrac customers the flexibility to utilize one repository for all appraisals.

The Commercial Features within ValuTrac include:

Customized commercial appraiser registration page.
An appraisal bid process that helps manage each commercial appraisal assignment and acceptance, send bid requests to multiple appraisers/appraisal firms directly from ValuTrac.
Automatically track all bids, start to finish within ValuTrac.
Customized commercial appraisal order form, specific to commercial appraisals.
Enhanced commercial quality control status area, including reviewer specific assignment.
Integrated real-time commercial appraisal dashboard, know the status of your appraisal every step of the way.
A commercial-focused quality control checklist with user-directed customization.

The ValuTrac platform now offers our customers the flexibility to manage both commercial and residential appraisal work flow in one environment, if you need an easy-to-use appraisal management solution Book a ValuTrac demo today!

If you have any questions regarding ValuTrac and the new commercial functionality, please feel free to contact John Sisson at 972.996.3207.

Texas AMC Bill (HB 1146) Signed by Governor Perry

Thu, 23 Jun 2011 16:42:00 GMT

A major milestone for Texas consumers and appraisers was achieved with the signing by Governor Perry of HB 1146 (AMC Bill). This bill requires the registration and regulation of appraisal management companies doing business in Texas. Passage of this bill is the result of a process begun two-years ago by the Foundation Appraisers Coalition of Texas (FACT). There were a number of phases to the process beginning with identifying the needs of appraisers, crafting language for a bill, soliciting input from FACT members and other appraisers, working with/supporting bill sponsors, testifying before legislative committees and negotiating final bill language with other stakeholders. Meetings soliciting the opinions of appraisers were held throughout the state as well as numerous project team meetings in Austin.

While the list of FACT members who contributed to our success is extensive, special recognition of the efforts of Terry Clark, Past President of FACT, Sara Jones-Oates, current FACT Treasurer/Secretary and Chair of FACT’s Legislative Management Team and Brian Hearne, Chair of the AMC Project Team are especially deserved. Also, without the efforts of Amy Ables, FACT Executive Director and Roger Miller and Gavin Massingill, FACT Consultants, we could not have achieved the passage of this bill.

While Governor Perry signed the bill late last week, the assessments are already coming in:

“The new Texas AMC law is amongst the strongest of the 27 laws enacted to date . . . The reasonable and customary fee provisions included in this law are . . . very strong . . . AMCs are required to have an internal dispute resolution process in place that appraisers can utilize if they feel as if they have not been paid a reasonable and customary fee.” Scott Dibiasio, Appraisal Institute, Manager, State and Industry Affairs

“The Texas AMC Bill provides many protections for the residential appraiser in Texas and also the consumer. Significant issues such as the full disclosure of appraisal fees, appraiser independence, and the further study of customary and reasonable fees in Texas are addressed. These are all significant issues in promoting integrity in the mortgage lending process and will benefit both consumers and appraisers.” Brian Hearne, Chair, FACT AMC Project Team

HB 1146 Summary
While the scope of the bill is quite extensive, some of the highlights of the bill include the following requirements:

Appraisal Review
A person who performs an appraisal review for an appraisal management company must be licensed or certified with at least the same certification for the property type as the appraiser who completed the report being reviewed.

Competency of Appraisers
An appraisal management company must verify that the appraiser receiving the assignment satisfies the competency rule of USPAP for the appraisal assignment.

Compensation of Appraisers
Except in cases of breach of contract or substandard performance of services, payment must be made to an appraiser for the completion of an appraisal or valuation assignment:
• Not later than the 60 days after completion of the assignment; and
• Appraisers are to be paid a rate reasonable and customary for appraisals and consistent with federal law.

Real Estate Center at Texas A & M University Study
An independent study is to be conducted by the Real Estate Center of reasonable and customary rates of compensation for appraisals performed by appraisers in various market areas of the state. The study is to be completed by November 1, 2012.

Statement of Fees
In reporting to a client, an appraisal management company shall separately state the fees:
• Paid to an appraiser for the completion of an appraisal; and
• Charged by the company for appraisal management services; and
• And appraisal management company may NOT:
• Prohibit an appraiser from recording in the body of the report the fee that the appraiser was paid; and
• Include any fees for appraisal management services performed by the appraisal management company in the amount the company reports as charges for the actual completion of an appraisal by an appraiser.

Removal of Appraiser From Appraisal Panel
The appraisal management company MUST:

• Notify the appraiser in writing of the reasons for removal from the company’s panel;
• Identify to the appraiser the nature of the alleged conduct or violation; and
• Provide an opportunity for the appraiser to respond in writing to the notification.

Click here for a copy of the final Texas AMC Bill.

The above was provided by FACT - The Foundation Appraisers Coalition of Texas.

ValuTrac Software Partners With McKissock Education to Offer Discounted Appraiser Education

Tue, 21 Jun 2011 18:37:00 GMT

ValuTrac University will offer online continuing education options in the real estate, appraisal, and home inspection professions nationwide, in partnership with McKissock 100% Education. Through this partnership, ValuTrac appraisers will now have the opportunity to purchase online CE courses at a discount off the McKissock retail price through the ValuTrac University website.

“We are excited about our partnership with McKissock and the opportunities this will provide ValuTrac’s 6,000 appraisers nationwide. Launching ValuTrac University, gives not only all of our ValuTrac appraisers, but appraisers nationwide, the access to quality courses through an accredited source, at a discounted rate,” said Clint Cornett, CEO of ValuTrac Software.

McKissock 100% Education offers online education to appraisers in all 50 U.S. states and three territories. An education provider for more than twenty years, McKissock strives to provide students with an experience that regularly exceeds their expectations.

McKissock is pleased to offer online education options to ValuTrac appraisers through this new affiliation,” says Tony Thrift, president of McKissock Connections and manager of McKissock 100% Education’s partnership program. “McKissock’s virtual classroom is the perfect solution for today’s busy professional, providing an experience that is not only educational, but also fast, easy, and affordable.”

For more information about ValuTrac University click the below logo or contact, Christie Schutt, 972.996.3204.

Uniform Appraisal Dataset (UAD) & Uniform Collateral Data Portal (UCDP) - Will You Be Ready?

Thu, 26 May 2011 14:17:00 GMT

Uniform Appraisal Dataset (UAD)
In an effort to enhance appraisal data quality and consistency and promote the collection of electronic data, Fannie Mae and Freddie Mac, at the direction of their regulator, the Federal Housing Finance Agency (FHFA), have worked together to develop the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data portal (UCDP).

The UAD is required for appraisals with effective dates on or after September 1, 2011 that are completed on the four UAD appraisal report forms. Only conventional mortgages sold to Fannie Mae or Freddie Mac that are accompanied by one of the four UAD appraisal report forms must meet this requirement.

Other appraisal report forms may be completed using the standards contained in the UAD Specification to the extent those standards are applicable to that particular form. In addition, although not required, the UAD may be used for appraisal reports with effective dates prior to September 1, 2011.

Uniform Collateral Data Portal (UCDP)
In a collaborative effort the UCDP was developed to serve as the joint portal through which lenders will submit electronic appraisal reports to Fannie Mae and Freddie Mac.

Effective for all conventional mortgage loans for which an appraisal report is required and with application dates on or after December 2, 2011 and delivery dates on or after March 19, 2012, the following appraisal report forms, including all exhibits, addenda, and photographs, must be submitted to the UCDP before the delivery date of the mortgage loan to Fannie Mae or Freddie Mac. This includes the four UAD appraisal report forms and four additional forms:

URAR (Fannie Mae Form 1004)
Manufactured Home Appraisal Report (Fannie Mae Form 1004C)
Small Residential Income Property Appraisal Report (Fannie Mae Form 1025)
Individual Condominium Unit Appraisal Report (Fannie Mae Form 1073)
Exterior Only Inspection Individual Condominium Unit Appraisal Report (Fannie Mae Form 1075)
Exterior Only Inspection (Fannie Mae Form 2055)
Individual Cooperative Interest Appraisal Report (Fannie Mae For 2090)
Exterior Only Inspection Individual Cooperative Interest Appraisal Report (Fannie Mae Form 2095)

The submission to UCDP must consist of either an XML data stream, including an embedded PDF file, or a first-generation PDF file. The PDF file must include all exhibits, addenda, and photographs, including Fannie Mae Form 1004MC.

How do you prepare for the UAD?

Complete the UAD Tutorial - Using the Uniform Appraisal Dataset
Develop a UAD implementation plan for your company
Discuss with your appraisers and/or Appraisal Management Companies (AMC)
Ensure appraisal reviewers and underwriters are familiar with the UAD requirements
Prepare to use the UCDP, available on June 27, 2011 but not required with delivery dates prior to March 19, 2012

UAD/UCDP Training Opportunities

To assist you in preparing for these requirements, Fannie Mae is offering a number of free online webinars:

Be prepared, take the necessary steps for the upcoming changes, if you have any questions about implementing these changes across your organization, contact us at 972-996-3204.

Cityside Management Corporation Selects ValuTrac to Simplify Appraisal Management

Wed, 30 Mar 2011 13:17:00 GMT

Cityside Management Corporation, HUD M&M III Asset Manager is now using ValuTrac throughout its organization to efficiently manage appraisal workflow across a nine-state region.

Cityside wanted a simple platform that was easy to execute throughout their company. They were using an inefficient system of managing their appraisals by email. ValuTrac solved that problem, with an online appraiser registration link. Now all appraisals are managed in one simple platform across the company.

"No learning curve, up and running in days!"

Managers were amazed at how easily and quickly they were able to begin using the software and immediately found that they could save hours of operation and streamline their efforts with a few mouse clicks. Echoed from users: "... easier and faster once you do start using ValuTrac."

Cityside now has:

Significant Operational Efficiency
One Repository for all Appraisals
Batch Appraisal Ordering Capabilities
A Simple Online Appraiser Registration Link
Automated Tracking of Each Appraiser's License
Current Errors & Omissions Insurance for Each Appraiser
Real-time Status of Every Appraisal

Contact Valutrac for your company's appraisal management solutions.