HouseCanary and PCV Murcor Announce Agreement to Fast-Track the Future of Appraisals with Agile AppraisalTM Management Platform
SAN FRANCISCO — November 2, 2017 — HouseCanary, the leading provider of modern valuation and appraisal solutions, announced a partnership with leading appraisal management company PCV Murcor. The partnership will further the expansion of HouseCanary’s Agile AppraisalTM Management Platform, a fast, flexible valuation platform with full USPAP and FIRREA compliance. PCV Murcor will leverage their appraisers and HouseCanary’s software to fulfill Agile AppraisalTM orders, accelerating Agile’s industry-leading appraisal completion time.
Agile AppraisalTM delivers appraisals to users in as little as five business days by combining HouseCanary’s industry-leading data and analytics with the expertise of local appraisers — all at a lower cost than a 2055. Though the platform starts with the industry’s best AVM, Agile AppraisalTM utilizes an exterior inspection and delivers the final report to a licensed local appraiser for final review, elevating human expertise while still employing the latest in valuation technology. The entire process is fast, accurate, and affordable, all while maintaining full compliance.
As part of the partnership, PCV Murcor is putting Agile AppraisalTM in the hands of its premier appraisers, allowing them to continue their unmatched service for their bank and credit union clients by completing a higher volume of appraisals than ever before while still maintaining the accuracy and confidence they expect in their valuations. Agile AppraisalTM uses regression-based adjustments for location, time, and property characteristics, all while leveraging accurate AVMs and block-level valuation ranges to conducted automated checks of the final value. With this technology, HouseCanary and PCV Murcor will be able to continue modernizing the appraisal industry and carry it into the 21st century.
“We are thrilled about partnering with PCV Murcor to continue modernizing the appraisal landscape,” said Alex Villacorta, PhD, HouseCanary’s Executive Vice President of Analytics. “With the Agile AppraisalTM platform, appraisers can efficiently spend their time and attention on the key aspects of the valuation, especially when utilizing our integrated tools around comp selection and adjustments. Agile AppraisalTM also provides quality rule checks at time of completion, thereby reducing revisions and saving time for all parties. Our partnership will bring efficiency and consistency to property valuation clients through this innovative bifurcation process.”
“We are very excited to partner with HouseCanary to provide leading edge valuations to our customers, and software to our appraisers. The industry desperately needs appraisal software and the expertise of a local appraiser to deliver best in class valuations quicker and lower cost to the consumer, “said Cindy Nasser, PCV Murcor’s Senior Vice President of Operations.
Founded in 2013, HouseCanary's mission is to help people make better real estate decisions. Built on a foundation of great data, powerful models, and predictive analytics, the HouseCanary platform aggregates millions of data elements, including more than four decades of property data and a rapidly expanding arsenal of proprietary calculations and analytics, to accurately define and forecast values and market influences. HouseCanary is financed by notable investors including Hillspire (Alphabet Executive Chairman Eric Schmidt's family office), PSP Growth/PSP Capital (firm founded by entrepreneur and former Commerce Secretary Penny Pritzker), Alpha Edison, ECA Ventures, Raven Ventures and others top Silicon Valley investors. The company is headquartered in San Francisco. www.housecanary.com.
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About PCV Murcor:
For over 35 years, PCV Murcor has provided nationwide real estate valuations for the country’s largest lenders, servicers, brokers and insurers. Founded by Keith Murray, MAI — who continues to serve as President and CEO — PCV Murcor is focused on delivering values and price opinions for a broad spectrum of commercial and residential properties. PCV Murcor offers a full suite of real estate valuation products and consulting services. PCV Murcor operates in all 50 states Puerto Rico, and the Virgin Islands.
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