Banking Institutions Demand Compliant Commercial Valuations
Newport Beach, California (PRWEB) September 24, 2013 -- Brillion Asset Solutions, Inc., a Newport Beach-based asset management firm, announced Tuesday its new line of Interagency Appraisal and Evaluation Guideline-compliant commercial valuation products.
According to a statement from Brillion, its new line of products "allows Brillion to service the needs of a variety of financial and real-estate-holdings-related institutions by providing a cost and time-effective alternative to appraisals for a majority of applications, leading to a more efficient and timely evaluation of performing and non-performing assets"
Brillion's proprietary, web-based, technology platform developed in collaboration with Columbia, MD-based Indisoft allows clients nationwide to log on 24 hours a day to place commercial valuation orders to be fulfilled and delivered in as little as four business days.
"Brillion is responding to the needs of our clients and the commercial real estate industry as a whole by offering this compliant suite of valuations products. Our products are comprehensive evaluations of all types of commercial assets, but far more cost effective and with much shorter delivery times than traditional appraisals," said Max Kim, President of Brillion.
"Our clients have discovered a variety of uses for our evaluation products, from portfolio valuation, to pre-underwriting due diligence, to special asset evaluation, and more. Additionally, we assist an institution with the development and implementation of policies and programs for property valuation ensuring compliance with the published guidelines (interagency guidelines)," Kim added.
Brillion provides technology and realtor-based outsourcing solutions for banks, credit unions, hedge funds, REITs, private equity firms and high-net worth individuals. The company’s valuation products include, but are not limited to: commercial BOVs (broker opinion of value), in-person commercial property inspections, commercial valuations performed by CCIMs and residential BPOs (broker opinions of value).
The company’s expansion of its asset valuation offering further completes its asset management suite of products and services, which include residential and commercial asset management and disposition, residential short sale services, auction-based asset liquidation and distressed homeowner outreach. The company maintains two west coast campuses in Newport Beach, CA and Santa Ana, CA and fulfills commercial valuations in 45 states.
Brillion (BrillionAS.com) is a minority-owned business.
Max Kim, [email protected], http://www.BOVcommercial.com, +1 (949) 579-9898, [email protected]
Share this article