The valuation process is now more efficient than ever, thanks to the launch of Market Valuation Services’ latest software, Fully Loaded Asset Report Evaluator (FLARE). FLARE’s innovative software helps financial institutions expedite valuation services with improved accuracy, to help increase their bottom line.
The software uses a library of data and sophisticated algorithms to produce quick valuations in less time than a traditional bank valuation, and it does so free from human bias. It meets the standards of Interagency Appraisal Guidelines (IAG) and is available for use across all 50 states.
FLARE’s system allows clients to address common issues stemming from traditional bank valuation methods, including slower result times, cost-effectiveness, reliability and biased results caused by human-based judgment.
The company could not be more excited to announce FLARE’s arrival, said M. Ryan Moore, CSO of Market Valuation Services.
“We believe we will be able to better cater to the needs of banks and credit unions with FLARE and offer them something new that they can be eager to use right away,” Moore said.
“Even one bias discrepancy can affect residential real estate transactions in big ways,” Moore added. “We are excited to offer a solution that streamlines the process and helps ensure all parties feel confident in the resulting valuation.”