To help financial institutions expedite valuations more accurately, Market Valuation Services has launched the Fully Loaded Asset Report Evaluator (FLARE), a software that uses a library of data and sophisticated algorithms to produce quick and unbiased valuations in less time than a traditional bank valuation.
“Even one bias discrepancy can affect residential real estate transactions in big ways,” M. Ryan Moore, CSO of Market Valuation Services. “We are excited to offer a solution that streamlines the process and helps ensure all parties feel confident in the resulting valuation.”
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 said. The software meets the standards of Interagency Appraisal Guidelines (IAG) and is available for use across all 50 states.
