eAppraiseIT Introduces Hybrid Valuation Tech

Poway, Calif.-based eAppraiseIT, a provider of real estate valuation products and services, has announced the introduction of a "hybrid" valuation product, AVM-Assisted Appraisal.The product is designed for portfolio, second-lien lenders and servicing operations that are now forced to choose between full appraisals and less comprehensive options, such as automated valuation models, the company said. Unlike static automated valuation products, eAppraiseIT's new AVM-Assisted Appraisal is very interactive. "It puts the latest AVM technology at the fingertips of seasoned appraisers, presenting them with the results of three AVMs, access to scores of additional comparables, and a location map of the subject and selected comparables," eAppraiseIT said. At any point, the local appraiser can override the subject (or comparable) property characteristic information, and other factors, eAppraiseIT said. The company can be found online at http://www.eappraiseit.com.