Dart Appraisal Collaborates with HouseCanary to offer New Value
April 6, 2017, Troy, MI - Dart Appraisal, a
leading nationwide, independent appraisal management company (AMC),
today announced it will offer a new valuation product to its lender
clients through a collaboration with HouseCanary, the leading real
estate data analytics company based in San Francisco. The Value
Report provides an on-demand valuation, risk assessment and market
data for a single property or entire portfolios.
The collaboration is a strategic move at a time when mortgage
lenders are demanding more accurate, streamlined valuation
products. To maintain its leadership position, Dart Appraisal is
innovating on residential valuations and appraisals, teaming up
with HouseCanary, a Silicon Valley company pioneering the use of
big data analytics to accurately value America's more than 100
million residential properties.
"At Dart Appraisal, we're always striving to offer the most
unique and efficient products that meet our partners' needs," said
Michael Dresden, president of Dart Appraisal. "The Value Report is
a modern option for lenders who want to value their portfolio, or
who need a quick valuation on a property that provides more detail
than a standard Automated Valuation Model."
The Value Report delivers comprehensive property details,
including its sales history and a suitability score, ranking the
subject property against its 10 closest, algorithmically selected
comparables. Lenders will also receive an understanding of the
local market, as well as a three-year value forecast for both the
subject property and the market environment.
"HouseCanary measures price movements on every residential block
in the country, allowing for precise home valuations," said Jeremy
Sicklick, HouseCanary CEO. "Our algorithms combine 40 years of
history, 1 billion residential transactions and hundreds of
proprietary calculations influencing home values, providing lenders
a modern way to accelerate loan origination and underwriting. We're
excited to work with Dart Appraisal to meet the new demand."