Platinum Data and SharperLending have entered into a technology alliance providing access to certain product on the collateral valuation side of the transaction.
Specifically, Platinum Data’s RealView, an automated appraisal quality verification program, will be integrated into SharperLending’s Appraisal Firewall and Bundled Services platforms.
RealView analyzes appraisals for compliance, completeness and consistency by evaluating every field on the report. It cross-checks each field against data from public and private sources and analyzes over 2,000 data points to help ensure each appraisal meets with every regional, local and state regulation.
Additionally, Platinum Data’s automated valuation models, flood solutions and RealCondition property reports will be available through SharperLending’s Bundled Services platform.
RealCondition, when combined with an AVM, produces a compliant, underwriter-ready evaluation. Photo and condition reports are now required by law when used with an AVM for home equity loans and home equity lines of credit valued at $250,000 or less.
