Business, Free News Articles, Software

Valligent Technologies Hires Walter Allen as EVP of Digital Transformation

ROSEVILLE, Calif. -- Valligent Technologies (Valligent), the mortgage industry's residential valuation technology trendsetter, announced today that it has hired Walter Allen as executive vice president of digital transformation.

Within this position, Allen is charged with driving change and implementing Valligent's digital and technology strategy in key areas of appraisal alternatives, alternative inspections and cloud adoption. This role was created as part of Valligent's strategy to increase adoption of its award-winning virtual appraisal through partnerships and new client acquisition.

Prior to joining Valligent, Allen was an executive with CoreLogic Solutions. During his 13 years with the company, he developed successful strategies for capital markets clients including Morgan Stanley and Deutsche Bank, and later with federal agencies in the government solutions group, where he managed engagements and provided solutions for FHFA, OCC, HUD, Freddie Mac and others.

"Valligent's proprietary virtual inspection and appraisal process answers a longstanding mortgage industry problem: how to drastically expedite the appraisal workflow with a faster, more efficient valuation that doesn't sacrifice quality," said Allen. "Surprisingly, more companies haven't adopted it, but that's about to change. I'm extremely energized by this opportunity."

The technology behind Valligent's virtual appraisal enables an inspector to complete a comprehensive inspection without being at the property. With the time saved in visiting the property, the virtual appraisal can be completed in as little as one day. Typical traditional appraisal delivery times range from five to ten days.

"The need for the virtual appraisal is paramount, particularly at this time," said Jeremy McCarty, CEO of Valligent Technologies. "With lenders busier than ever, time and efficiency are key to preventing fall out and closing deals on time. Walter understands the value of the technology and the necessity of our solution. We're happy to have someone of his caliber on board."

About Valligent Technologies

Valligent Technologies is an award-winning, provider of residential valuation solutions employing patent pending processes and technologies. Over the past year, the company's Virtual Appraisal has gained significant attention among lenders, government entities and the media as the industry's first 100% regulatory compliant full interior inspection appraisal that can be completed in as little as one day, rather than the typical five to ten days. Valligent, which counts among its customers hundreds of banks, credit unions, and financial institutions, was established in 2002 and is based in Roseville, California.

For more information, visit: https://valligent.com/

Related link: https://www.valligent.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Awards and Honors, Business, Free News Articles

Valligent Technologies Wins HousingWire Tech100 Award for Second Consecutive Year

ROSEVILLE, Calif. -- Valligent Technologies (Valligent), the leading residential valuation technology company, today announced that it has been awarded HousingWire's Tech100 award for the second consecutive year.

Now in its eighth year, the HousingWire Tech100 program recognizes the most innovative technology companies in the U.S. housing economy. For 2020, HousingWire recognized Valligent for the VRAR (Virtual Residential Appraisal Report), a 100 percent regulatory compliant full interior inspection appraisal that can be completed in as little as one hour, rather than the typical five to ten days.

The VRAR uses virtual property inspections conducted through a new mobile technology. The technology is so comprehensive that it enables an inspector to complete a comprehensive inspection without being on the property. Valligent has been using the virtual property inspections for the past year and has perfected the proprietary patent-pending technology during that time.

"Many are concerned about the coronavirus pandemic, and borrowers are very uneasy about having a stranger inside their homes," said Jeremy McCarty, CEO of Valligent Technologies. "On the other side of the equation, appraisers are becoming increasingly hesitant to inspect properties. A virtual property inspection eases fears and provides an enhanced borrower experience. Given the circumstances, that's as important, or more, as its speed and efficiency."

The appraisal inspection is the only aspect of the residential loan process that traditionally necessitates person-to-person contact, as the appraiser must enter the borrower's home to complete the property inspection.

With the VRAR, the homeowner simply schedules the inspection time and date through a web calendar and the inspection can take place in as little as one hour later. The VRAR is completed shortly thereafter by a Valligent certified appraiser.

The goal of the Tech100 program is to provide housing professionals with a definitive list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the problems that mortgage lenders and real estate professionals face every day.

About Valligent Technologies

Valligent Technologies is an award-winning, provider of alternative residential valuation solutions employing patent pending processes and technologies. Over the past year, the company's VRAR has gained significant attention among lenders, the GSEs and the media as the industry's first 100 percent regulatory compliant full interior inspection appraisal that can be completed in as little as one hour, rather than the typical five to ten days. Valligent, which counts among its customers hundreds of banks, credit unions, and financial institutions, was established in 2002 and is based in Roseville, California.

Learn more at: https://www.valligent.com/

Related link: https://www.valligent.com/

This news story was published by the Neotrope® News Network - all rights reserved.