SAN JOSE, CA (July 23, 2014) -- Bradford Technologies, the pioneer in computer-aided appraising technology, has announced that Jeff Bradford, the company’s founder and CEO, was recently granted the Collateral Risk Network’s Valuation Visionary Award for 2014. The award was presented to Mr. Bradford at the 15th Annual Valuation Expo, which was held on June 23-25 at the Flamingo Hotel in Las Vegas.
At the awards ceremony, last year's Valuation Visionary award winner Greg Stephens, chief appraiser and SVP of compliance for Metro-West Appraisal company, commended Bradford for his "unwavering dedication to developing meaningful technology applications that enhance appraisers’ competitive edge in this extremely competitive industry.”
The Collateral Risk Network is comprised of chief appraisers, collateral risk managers, regulators and valuation experts, and is represented by lending institutions, Wall Street firms, Fannie Mae, Freddie Mac, the Veteran’s Administration, the Federal Housing Administration, and appraisers. Each year, the organization bestows the Valuation Visionary Award to the most influential mind in the appraisal industry for the year. In order to be considered for the award, these individuals must be nominated by their peers within the Collateral Risk Network.
Jeff Bradford founded Bradford Technologies in 1987. He created the first-off-the shelf appraisal form-filling software for Macintosh, and introduced the concept of computer-aided appraising with CompCruncher 3.0, the industry’s only technology that imparts statistical analysis into the most commonly used appraisal reports. In the past year, he released a new version of ClickFORMS, the company’s flagship appraisal software, and is developing big data technology that will allow users to use the system to perform an unprecedented level of analysis that considers all sales and listings in the market. With this new technology, users will be able to show beyond question why the comparables that were selected are the best comparables to use in the report. Justifying comparable selection is one of the primary challenges for both appraisers and lenders.
Jeff Bradford was also recently chosen as one of a select group of technologists invited to present solutions to Fannie Mae for a big data project for residential properties. Other presentation invitees included technology experts from Google, Amazon and eBay.
“Our goal is to open up new markets for appraisers and cut the time it takes to produce an appraisal by 40% to 50%,” said Bradford. “ClickFORMS big data technology is another advancement that will give appraisers an advantage and ultimately bring new opportunities.”
"Jeff has demonstrated phenomenal leadership and vision in developing the first commercially available interactive valuation model,” said Joan Trice, founder of the Collateral Risk Network. “And most importantly he put a lot of capital at risk to execute that vision.”
About Bradford Technologies, Inc.
For over 25 years, Bradford Technologies has been dedicated to producing innovative solutions for Valuation Professionals. Ranging from the most intuitive appraisal applications available to cutting-edge Computer-Aided Appraisal Software, Bradford continues to develop trailblazing products that set the benchmark for the industry. For more information on Bradford Technologies, call 800-622-8727 or visit www.BradfordSoftware.com or www.AppraisalWorld.com.