Press
Allstate Appraisal and Bradford Technologies launch new valuation express report
New alternative appraisal product targets valuations for HELOCs, Seconds and REOs provides greater quality and accuracy than BPOs and AVMs with competitive pricing and turn times.
CHICAGO HEIGHTS, IL and SAN JOSE, CA (October 20, 2014) — Allstate Appraisal, a nationwide valuation and review services company and Bradford Technologies, the pioneer in computer-aided appraising technology, have launched Valuation Express, a new desktop appraisal product incorporating a third party inspection of the property.
Valuation Express reports are prepared by licensed and certified appraisers with local market knowledge and expertise, using traditional and statistical analysis to support the subject property’s value. These reports are significantly better and of higher quality than those provided by BPOs and AVMs, which unlike Valuation Express reports, are not completed by licensed appraisers and do not use statistical analysis to support the value conclusion. Valuation Express reports offer a significant savings over traditional full appraisal reports which makes it a viable alternative for use in non-first trust deed transactions that do not warrant the cost of a full or drive-by appraisal.
“The market needs alternatives that provide the strength and accuracy of an appraiser-driven valuation but without the time and expense of a full appraisal” said Steven Albert, President of Allstate Appraisal. “The Valuation Express report provides the right balance of quality and expertise of the local appraiser at the price points lenders require. This is exactly the solution our clients have been asking for.”
Valuation Express reports are available exclusively through Allstate Appraisal. Appraisers on Allstate Appraisal’s panel can produce the Valuation Express report using Bradford Technologies’ CompCruncher software.
“We are thrilled to be working with Allstate Appraisal. With their history of success in the appraisal industry and the new, unique Valuation Express appraisal product, they are well positioned to effectively compete in the expanding market for alternative valuations,” said Jeff Bradford, CEO of Bradford Technologies. “These alternative desktop products open up opportunities for all appraisers in new markets that can augment their traditional business.”
Lenders and investors interested in ordering Valuation Express reports and appraisers interested in producing Valuation Express reports should visit Allstate Appraisal’s website at www.allstateappraisal.net or call 866-799-9099.
For additional information on the products and services Bradford Technologies offers to appraisers, please visit www.BradfordSoftware.com.
About Allstate Appraisal
Since 1959, Allstate Appraisal has committed itself to providing credible, compliant and timely valuation and review services to its clients, which include local and national lending institutions, mortgage insurance companies, the GSEs, the federal government, law firms, private individuals, and more. Few appraisal firms have such a long history of involvement in the valuation industry. While our business model has changed to meet the ever evolving industry and regulatory guidelines, the underlying foundation, which is based on integrity in our work and dedication to our clients and the industry, has remained unchanged. For more information on Allstate Appraisal, call 866-799-9099 or visit www.allstateappraisal.net
About Bradford Technologies, Inc.
For over 26 years, Bradford Technologies has been dedicated to producing innovative solutions for valuation professionals. From the most intuitive appraisal applications available to cutting-edge Computer-Aided Appraising 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.