Friday, May 15, 2015
Roseville, CA – May 15, 2015 -— Valligent, the nation’s most innovative provider of appraisal review and collateral due diligence services, has integrated with Clearbox, LLC to provide lenders with the most comprehensive appraisal quality and audit services available.
Banking regulators have often stated that appraiser selection is the single most important part of the appraisal process. Even though many lenders utilize Appraisal Management Companies, the lender remains wholly responsible for appraiser selection and appraisal quality. Until now, lenders have had limited solutions for conducting appraisal due diligence. The strength of Valligent’s collateral audit services coupled with Clearbox’s appraiser credentials and background screening database, enable the lender to better monitor appraisal quality.
“Regulators are focusing a lot of attention on appraisal due diligence and we are delighted to partner with Clearbox to provide a full spectrum of solutions in this increasingly prominent arena,” said Jeremy McCarty, CEO of Valligent. “Access to better data means lenders can now make informed decisions,” notes Joan Trice, Founder and CEO of Clearbox, LLC. “It is a perfect marriage of blending appraisal quality scores with appraisers’ credentials. After all, honest and competent appraisers produce credible appraisal reports. No doubt, this is a winning formula.”
Most exciting is the fact that these tools enable lenders to work proactively with their appraisal panel to identify potential risks. Over time, these measures will result in fewer loan losses and contribute to the eradication of appraisal fraud. Process documentation and extensive monthly reporting can also be included in these services and made available to share with regulators in the event of an audit.
For Valligent, contact: Amber Lane, alane@valligent.com, 877-490-0390 X 244, 1504 Eureka Drive,Roseville, CA 95661, www.valligent.com
For Clearbox, contact: Joan Trice, jtrice@clearbox.com, 12417 Ocean Gateway, Ocean City, MD 21842
Clearbox®,LLC was founded to address the complex landscape of compliant processes and data management. Better information and transparent processes promote integrity. The Clearbox® suite of products offers solutions to all stakeholders- Appraisers, Real Estate Agents and Brokers, Lenders, Appraisal Management Companies and Regulators.