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M R EP O RT | 7 MTECH Expanding the Appraisal Space CLASS VALUATION ACQUIRES PROPERTYVAL C lass Valuation has an- nounced another key acquisition in PropertyVal. Founded in 2006, PropertyVal is a leading AMC started by Robert and Amy Strong and is headquartered in Freeport, Maine. PropertyVal is one of the largest independent residential appraisal firms in the state of Maine, and a highly reputed AMC in the New England market. "We are a regional AMC with a strong network across New England, but our stronghold has been in the Maine and New Hampshire markets. To partner with an industry leader like Class Valuation will benefit both our lending and appraisal partners," said Robert Strong, CEO of PropertyVal. "With the industry moving towards faster technology-driven solutions and Class's innovations leading the way, it is clear Class Valuation has positioned itself to thrive in the years to come. We are excited to join their journey." With more than two mil- lion appraisals completed, Class Valuation's innovation focus has opened the doors for the devel- opment of some of the fastest digital appraisal solutions, process automation, and data science in the industry. Leveraging technology to expedite the entire workflow, from assigning all the way to quality control, Class can deliver faster, more credible results which benefit both clients and appraisers alike. "One of the most significant things about this acquisition is the exceptional service level PropertyVal offers in the state of Maine and New England," said John Fraas, CEO of Class Valuation. "As everybody in the industry knows, Maine is a very challenging market for appraisals. We will now have a big leg up, and be able to lean heavily on the PropertyVal team to assist Class Valuation with all Maine orders. We are also culturally aligned; Bob and Amy share the same core values we thrive on at Class Valuation." Enhancing Workflow Automation CROSSCOUNTRY MORTGAGE PARTNERS WITH SIMPLENEXUS S impleNexus, an nCino company and developer of a homeownership platform for loan officers, borrowers, real estate agents, and settle- ment agents, has announced that CrossCountry Mortgage is implementing CompenSafe to manage incentive compensation for its loan originators. CrossCountry Mortgage is one of the nation's largest retail mort- gage lenders, operating a network of approximately 800 branch locations across all 50 states. The organization selected CompenSafe, the only incentive compensa- tion management (ICM) solution designed for mortgage lenders, to provide staff with near real-time visibility into their pay and to automate complex payroll func- tions associated with managing mortgage compensation plans. CompenSafe integrates with lenders' loan origination systems (LOS's) to automatically calcu- late compensation as loans fund. Flexible enough to process draws, guarantees, tiers, quality-related payments and more, the plat- form enables lenders to reliably produce payroll more quickly and accurately than spreadsheet-based incentive compensation manage- ment methods. CompenSafe gives loan officers, branch managers, processors, underwriters and all employees greater transparency into their commissions, bonuses and overrides by outlining how compensation is calculated and when it will be dispersed. A cloud-based portal enables employees to view compensa- tion updates, submit questions to payroll and manage compensation disputes, all in one place for com- plete audit and compliance. "Incentive compensation is the largest expense in lenders' ledgers, and it is also one of the most burdensome to manage," said Ben Miller, CEO of SimpleNexus. "CompenSafe is a value-add that helps lenders like CrossCountry Mortgage recruit and retain key employees, eliminate cumbersome administrative processes, mitigate risk and protect their bottom lines." Expanding Lender Toolsets ACCURATE GROUP PARTNERS WITH MORTGAGE CADENCE A ccurate Group, a provid- er of technology-driven real estate appraisal, title data, analytics, and e-closing solutions, has announced a part- nership with Mortgage Cadence that allows lenders to access Ac- curate Group technology via the Mortgage Cadence Collaboration Center. Mortgage Cadence is a digital loan origination (LOS) plat- form, and the partnership with Accurate Group will enable lenders using Mortgage Cadence to access Accurate Group's full spectrum of product and service offerings–including traditional appraisal, ValueNet hybrid and desktop appraisals, automated val- uation models (AVMs), title data