Valuations are one of the most important parts of the loan process, and often the most time-consuming as well. Appraisals that contain errors or are not delivered on time can cause delayed closings or, in some cases, result in the loan falling through altogether.
The valuations industry is currently undergoing major changes. A declining population of appraisers coupled with a surge in origination volumes has accelerated efforts to modernize the valuation process. These include shifting from traditional appraisals to alternative valuation products like Hybrids, Inspections and AVMs, where deemed suitable, to expedite the valuation process and reduce costs of origination.
ValueLink Software provides the industry-leading all-in-one valuation management solution that enables lenders and appraisal management companies to not only manage traditional appraisal products but also a full spectrum of modern valuation products like hybrids, inspections and AVMs in a unified platform.
Aqil Ahmed, SVP Operations at ValueLink Software, emphasized the importance of cost-effective alternatives to traditional valuation solutions at a time when loan originations are increasing rapidly during the COVID-19 pandemic.
“Lenders are facing significant technical bandwidth constraints in the current environment,” Aqil Ahmed said. “Our unified valuation management platform offers lenders a wide spectrum of valuation solutions that are tailored to their requirements. Because of this solution, our customers have experienced up to a 40% improvement in order turn-times and significant operational efficiencies.”
Innovation is at the heart of ValueLink and enables the company to quickly respond to the changing needs of the industry. With the onset of the pandemic, Fannie Mae and Freddie Mac introduced temporary flexibilities to the valuation process which paved the way for advancements in the process.
Within a month of the social distancing guidelines issued by the FHFA, ValueLink introduced a mobile-based remote property inspection tool, HomeView, which enables homeowners to easily collect information and photos of the property and submit it to the appraiser.
Valuelink offers seamless integration with over 40 Loan Origination Systems, and Valuation Ordering Platforms. Its customers love the fact that they can simply plug-and-play with their origination platforms and deliver a user-friendly, transparent, and efficient experience to their customers.
With over 50 in-built reports, a powerful Report Builder tool and intuitive Analytics, ValueLink provides the most comprehensive suite of business intelligence tools to users. With data at their fingertips, customers can make faster, more informed decisions when planning for growth.
“At ValueLink, we see the challenges associated with valuations as our biggest opportunity and firmly believe innovation will help eliminate these bottlenecks. We are uniquely positioned to cater to the complete valuation spectrum by providing Lenders and AMCs an all-in-one solution to manage traditional and modern valuation products while delivering a cohesive experience to their consumers,” added Farrukh Omar, COO at ValueLink Software.
Farrukh Omar, COO
Farrukh Omar founded ValueLink Software in 2009. At ValueLink, Omar oversees all aspects of the operations, including product development, technology and infrastructure.
Aqil Ahmed, SVP Operations
Aqil Ahmed oversees the day-to-day operations, manages the sales and operations teams and is directly involved in formulating the sales strategy.
Bill Omar, SVP Client Relations
Bill Omar oversees the company’s support and onboarding teams and is involved in the technology behind ValueLink products.