JVI Solutions and Active Data Technologies Inc. Announce Technology Agreement

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Game-changing technology will automate the home appraisal and BPO process, saving lenders and others in the mortgage and real estate industries invaluable time and money.

This technology will change the way the real estate industry views the broker price opinion (BPO) process, allowing our field partners to complete their reports in a more efficient and thorough manner.

JVI Solutions LLC (JVI) – a nationwide appraisal and inspection services provider and Active Data Technologies Inc. (ActiveDT) – the parent company of Foreclosure.com, which is America’s largest marketplace for distressed property data – today announced that the companies have forged a technology partnership.

The joint venture will soon introduce a proprietary automated home appraisal and Broker Price Opinion (BPO) system that integrates interactive analytical data into a mobile platform. The new system will provide real estate professionals with an easy-to-use, modern mobile system (a desktop version will also be available) that can be accessed from their smart phones, tablets and other portable devices, while performing their valuations.

The JVI/ActiveDT platform is designed to improve data quality, as well as eliminate common entry errors and the need to communicate with the evaluator, which, in turn, will minimize costly errors and the time it takes to conduct business. Furthermore, the report will include all support data that was used or discarded in the selection of viable comparables. This will enable the client to perform their own Quality Assurance (QA) assessment, which will have significant impact on risk management costs and result in additional savings.

In short, this new technology will have a significant impact on reducing time and ensuring measurable cost savings, while improving data and valuation quality exponentially.

JVI and Active Data Technologies Inc. will provide a private glimpse of this new technology, which will revolutionize the way Appraisals and BPOs are completed, with select industry partners.

“JVI is thrilled to work with the team at Active Data Technologies,” said Ron Nation, President and Chief Executive Officer for JVI Solutions. “This technology will change the way our industry views the price opinion process, allowing our field partners to complete their reports in a more efficient and thorough manner.”

Nation explained that Active Data Technologies Inc. was the perfect partner choice because it shares the same vision of revolutionizing the property valuation industry. The company is a proven leader in the distressed real estate marketplace with its proprietary online offer management and asset management software, among many other flexible lender/servicer-friendly services.

“This is exactly what the industry needs right now,” said Brad Geisen, President and Chief Executive Officer (CEO) for Active Data Technologies Inc. “JVI is the right Appraisal Management Company partner to deploy our groundbreaking technology. We have seen how technology has created dynamic changes in other industries and have no doubt that this partnership will be a game changer for the mortgage and real estate industries.”

Active Data Technologies Inc. (the parent company of Foreclosure.com) will be at the MBA Conference in Orlando, Fla., from Feb. 21-23, 2012. To schedule a private glimpse into the new technology at the conference or at any other time please contact Erin Pruett at (321) 257-0709 or email at epruett(at)jvisolutions(dot)com.

About JVI Solutions
JVI Appraisal Division, LLC is a full-service nationwide valuation company with a host of traditional and non-traditional appraisal products. JVI embraces a culture that is committed to superior customer service, integrity, ongoing training programs, leading edge technology and cultivating the best talent while delivering quality products to our clients. JVI is an appraiser-owned and operated company founded in 1991 by Ron L. Nation, MAI, SRA. For nearly two decades, JVI has also specialized in the valuation of REO properties and large volume projects. The company’s extensive experience in valuing distressed assets provides effective client solutions that span across their entire portfolio of assets. For more information on JVI, visit http://www.JVISolutions.com or call (877) 531-5333.

About Active Data Technologies Inc.
Active Data Technologies Inc. is the pre-eminent technology leader in the online distressed real estate disposition/management marketplace, forging strong partnerships with major, mid-sized and minor financial institutions throughout the United States. We create custom Real Estate-Owned (REO) websites and provide a powerful around-the-clock marketing program to ensure maximum property exposure, engaging more than 6 million buyers and investors throughout the nation each month. We also develop easy-to-use backend offer management systems that servicers, lenders and other large real estate portfolio owners can seamlessly integrate into their websites to facilitate, manage and expedite the sale of REO inventory nationwide for top dollar. Headquartered in Boca Raton, Fla., Active Data Technologies Inc. powers several major real estate websites, including Foreclosure.com and QuickSale.com, among others.

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