appraisal modernization

ASG Acquires Value Acceptance To Enhance Appraisal Software

Posted on by TMN Editor
Ascent Software Group, the appraisal software company behind Jaro, has acquired tech developer Value Acceptance. Value Acceptance focuses on enhancing and modernizing products for the property service industry, including using LiDAR and augmented reality to create floor plan technology. ASG says Value Acceptance will facilitate a “best-in-class” data collection tool for completing property data reports required by the GSEs. “Joining the Ascent team, along with our ability to integrate our industry-leading property data collection technology across the Jaro suite, will supercharge our ability to get our innovative solution into the hands of as many property professionals as possible,” Tom Spencer, Co-Founder and Head of Sales and Marketing at Value Acceptance said. “Combining forces with Jaro and Ascent means we can…

Are In-Person Appraisals On Their Way Out?

Posted on by TMN Editor
As technology improves, the concept of valuation modernization is gaining traction and some industry leaders say in a few years in-person appraisals could be a novelty instead of the norm. Last month, leaders at Fannie Mae announced an update to their selling guide which includes newly available valuation options. They said valuation modernization helps lenders, appraisers, and risk investors manage collateral risk more efficiently while also benefiting customers with greater appraisal accuracy, lower costs, and an increased speed of loan decisions. Matt Stepanovich, vice president of national sales, hybrid valuations and quality control at SingleSource Property Solutions, recently sat down with Editor Kimberley Haas to talk about what he is seeing. SingleSource, located in Canonsburg, Penn., is a nationwide service…