New Property Valuation Tool Helps Secure Loans
Property valuations are about to get a whole lot quicker, with a new cloud-based SAAS tool called InterVal.
It is a cloud-based solution that will allow a timelier valuation of properties. Quicker valuations mean that a huge number of other processes can be accelerated.
It is estimated that 70 percent of the world’s wealth is in financial assets. Thus, when there is a delay in the valuation of these assets, certain financial processes are also put on the backburner.
For example, a delay in valuing your home could prevent you from being able to secure a loan, or sell a property. Other issues may appear if you are being audited or considering investments.
This tool quickens up the processes and allows for better and more informed financial decisions.
One of the selling points of this tool is that it produces standard-compliant valuations in a fraction of the time. It’s a long-awaited update to classic valuation methods.
Joachim Bertot, InterVal CEO, added that this tool will make the goings-on within the real estate market clearer.
He said: “Valuations are one of the main bottlenecks in the financial sector. Facilitating standard compliance and reducing turnaround time will help increase deal-flow and foster the development of a more eﬃcient and transparent real estate market.”
Emile Fremont, InterVal CPO, was also eager to discuss the adaptability of the product.
He said: “A lot of great valuation products have emerged on the market lately. But most rely on Automated Valuation Model (AVM) technology, focus on calculation only and forget about the rest. Unlike them, our idea is to marry cutting edge technology to standard-perfect valuations and put it in the hands of all valuers, everywhere”.