Newly Launched Platform Empowers Lenders with Ratings

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In a prepared statement, EVP Founder and CEO Drew Watson recalled some of the inspiration behind the creation of Inhabet: “When valuation management companies first emerged after the financial crisis , I saw an opportunity to transform appraisals for appraisers, banks, credit unions and portfolio lenders with a product that did not require an appraiser to inspect,” he said. declared. “With the unveiling of the Inhabet platform, we have enabled a lender’s trained staff to self-assess value.”

While much of EVP’s business involves residential valuations – including automated valuation models (AVMs) and hybrid models – Inhabet also enables CRE valuations, allowing banks to standardize data so that they can be more easily analyzed. Noting the high cost of CRE valuations, company officials say CRE investors will greatly benefit from the platform, especially since the commercial real estate industry previously had no standardized data.

Of course, there are other property valuation data providers. EVP officials, however, emphasize the uniqueness of Inhabet as it is an assessment system with multiple data sources and the only platform that allows staff to lender to prepare valuation reports itself, using a consistent process and set of standards. across their entire product line.

Like many inventions, Inhabet was born out of some measure of necessity: “We got to a point where we couldn’t handle all the orders that were coming our way,” Rasmussen said. “So we developed Inhabet to allow lenders to use our data and processes to create a value estimate themselves. Compared to obtaining an appraised value or a hybrid appraisal by an appraiser, there is no faster and more cost-effective appraisal solution than Inhabet. »

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