Infinity Valuation Services is now offering its broker price opinions and appraisal services to include the valuation of retail or nondistressed properties.
Retail properties that are not distressed, loan originations that are less than $250,000, and internal, nonlending purposes can use IVS’ valuations as part of this expansion. The BPOs can also be used for valuing secondary market pools that might include both distressed and nondistressed assets and for home equity loans and home equity lines of credit.
Since 2008, the West Valley City, Utah-based company has provided BPOs on distressed, preforeclosure and REO properties. The company provides interior and exterior BPOs, appraisals and inspections throughout the nation.
In 2010, IVS experienced a revenue increase of 36% from the previous year, due in part to 52% more BPO orders.
“IVS was created to provide a much needed service to the industry during a period when timely and accurate BPOs are crucial,” said Brent Taggart, senior vice president of Business Development and Client Relations for REO outsourcer Green River Capital, a sister company to Infinity Valuation Services.
“By working with thousands of real estate agents nationwide, we have provided high-quality, comprehensive valuations and inspections for our clients. With this firm foundation, we are in a position to expand our services to retail properties and help institutions effectively manage all of their property valuation needs.”