The HW TECH100(TM) highlights the housing economy's top 100 technology innovators. According to the publication, the number of applicants for the 2016 awards increased significantly from previous years.
Platinum Data, whose technologies include RealView(R) appraisal quality and compliance technology, OptiVal(R) AVM suitability testing technology, and Collateral Expert(R), an address-driven property data technology, was recognized for innovation in two key areas:
* Appraisal quality and compliance
* Valuation data and analytics.
Since hiring eLynx co-founder Phil Huff as CEO in 2012, Platinum Data been focused on consistent innovation.
"Innovation is at the core of our goals for this year and into the next," said Huff. "Appraisal and valuation accuracy and quality are a major focus in the industry right now, so there's a huge need for the type of solutions we have innovated and will continue to innovate. It's so validating for a publication as respected as HousingWire to endorse our contributions to the industry."
Since he joined the company, Platinum has launched the industry's first free appraisal review technologies specifically for appraisers; released the industry's first user-controlled customization function in an appraisal technology; introduced the industry's only pay-as-you go AVM compliance program; created the industry's only independent peer comparison feature for identifying appraiser-to-appraiser property description discrepancies; secured over 70 new lender clients; and much more.
"The companies in the HW TECH100 are providing innovative solutions to the traditionally hide-bound mortgage finance industry," said HousingWire Editor-in-Chief Jacob Gaffney. "In the face of rising costs to originate and service loans, a still-volatile housing market and multiplying regulations, these innovations are crucial to the survival and profitability of those in our industry."
Platinum Data's online platform and analytical tools are used to protect the country's top 10 mortgage lenders, and are integrated with nine of the top 10 appraisal management systems.
ABOUT PLATINUM DATA SOLUTIONS:
Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company's online platform and analytical tools protect the country's top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks.
The company's RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry's only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.
For more information, visit http://www.platdata.com/, follow @Platinum_Data or email info@PlatinumData.com.
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NEWS SOURCE Platinum Data Solutions :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by and Copr. © 2016 Send2Press® Newswire, a service of Neotrope®.