Housing 2024 - What's in store for housing's next generation

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4 | Th e M Rep o RT Allstate Appraisal, Bradford Technologies Unveil New Valuation Tool Collaboration yields desktop appraisal solution that adds third-party inspeCtions yet Costs less. A llstate Appraisal, a national valuation company based in Chicago Heights, Illinois, and Bradford Technologies, a San Jose, California-based developer of computer-aided appraisal technology, announced the launch of Valuation Express, a desktop appraisal product that incorporates third-party prop- erty inspections. Licensed, certified appraisers with expertise and knowledge specific to local markets prepare the reports produced through Valuation Express, and to support their value assess- ments, the appraisers utilize statistical analysis. It's these features, according to Allstate and Bradford, that set Valuation Express apart from other valuation models. Valuation Express' reports also come at a fraction of the cost of full appraisal reports, which makes the solution a viable option in the case of a non-first trust deed transaction, the companies explained. "We are thrilled to be work- ing with Allstate Appraisal," said Jeff Bradford, CEO of Bradford Technologies. "With their history of success in the appraisal indus- try and the new, unique Valuation Express appraisal product, they are well positioned to effectively compete in the expanding market for alternative valuations. These alternative desktop products open up opportunities for all appraisers in new markets that can augment their traditional business." Appraisers at Allstate pro- duce Valuation Express reports using Bradford Technologies' CompCruncher software, and the reports are available exclusively through Allstate Appraisal. "The market needs alternatives that provide the strength and accu- racy of an appraiser-driven valuation but without the time and expense of a full appraisal," said Steven Albert, president of Allstate Appraisal. "The on the web Tech Tools Take Over Technical innovations continue to improve the capabilities of today's housing professionals.

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