Flower Mound, TX (PRWEB) April 01, 2013
ValuTrac Software(ValuTrac), a leading software solutions provider to the appraisal management and mortgage lending industry, announced today that it continued to experience rapid adoption of its industry leading, fully-customizable appraisal management technology during the first quarter of 2013. During the quarter, revenue increased over 110%, compared to the first quarter of 2012. Today, ValuTrac is the most flexible and scalable appraisal management solution on the market for residential and commercial appraisal management. The Company is expecting continued growth throughout 2013, and is projecting its customer base to more than double over the next nine months.
In 2012, ValuTrac established a leadership position in the appraisal management technology space, doubling its customer base, which includes appraisal management companies, banks, credit unions, and mortgage lenders. Today, through its customer base, over 3,000 businesses are relying on ValuTrac for appraisal management.
“The mortgage lending industry needs, and lenders are demanding, a compliant appraisal management solution to minimize business risk. ValuTrac’s fully-customizable appraisal management system is delivering that solution to both the residential and commercial markets,” commented Clint Cornett, Chief Executive Officer of ValuTrac. “Our system is the gold-standard of the appraisal management industry and is designed to provide the specific structure around the regulatory requirements of Dodd-Frank, the Interagency Guidelines, and the Appraiser Independence requirements. In addition, it allows clients to adjust their appraisal workflow and processes as required for their specific business.”
ValuTrac offers a unique consultant approach and the ability to help with overall process design and implementation, system applications and integration. The Company’s solutions help to mitigate risk and enhance the cost structure related to the appraisal process, as well as significantly improve accounting processes, appraiser vendor management, regulatory guidance, and sales support for all of our clients.
About ValuTrac Software, Inc.:
Launched in 2009, ValuTrac Software is a fully-customizable appraisal management platform, which enables financial institutions and appraisal management companies (AMC) to efficiently manage appraisal workflow across one scalable internet-based platform. ValuTrac offers products aimed at expediting the appraisal process while ensuring industry compliance. As the industry demands Web-based software that allows customer relationship management (CRM) in an ever-increasing time-sensitive manner, ValuTrac fills the void while providing a vast knowledge base from past work on the client side of lenders and AMCs. For more information on ValuTrac Software, please visit http://www.valutracsoftware.com/.
John Lovallo, LEVICK, please call 917-612-8419 or email jlovallo(at)levick(dot)com
Kevin Cullum, LEVICK, please call 202-973-5317 or email kcullum(at)levick(dot)com