CoreLogic bolsters valuations platform

CoreLogic has announced that it has added a “Rural Desktop” product to its valuation software, ValConnect.

According to CoreLogic, the product builds upon the success of its existing commercial and residential desktop services, designed to simplify the appraisal process for lenders, brokers and government bodies assessing rural properties.

CoreLogic stated that the software was developed in response to growing demand for an alternative to standard rural valuations, which require full inspections, lengthy turnaround times and complicated reports.

“Dynamic changes across the rural property sector are occurring at a rapid rate with interest in alternative service types from the banking, finance and government sectors,” Tim Jenner, head of product at CoreLogic, said.

“With the recent availability of government spatial data and aerial imagery, we have built a platform incorporating relevant rural data sets within a single map view, allowing rural valuers to complete broad acre assessments remotely and accurately.”

CoreLogic’s Rural Desktop valuations assessments are completed remotely, which, it said, would allow users to benefit from a “streamlined data capture workflow, enhanced geospatial capabilities and a concise, summarised report format”.

Key features of the new product include:

• integrated mapping solution with aggregated data sets;
• customised data capture fields, specific for rural valuations;
• rural-specific research portal; and
• integrated rural methodology worksheets.

CoreLogic noted that ValConnect is powered by its Customer Data Store, which it claimed allows the ingestion of client data to supplement CoreLogic data and provide a “richer user experience”.

The group added that all client-ingested data is stored separately from CoreLogic’s data stack and is only viewable by authenticated users associated with that client, with all data secured by encryption.

The platform is available on both web and via a dedicated iOS app, with an integrated floor plan sketching tool.

“Many brokers, lenders and government bodies are recognising the benefits of digital platforms,” Mr Jenner added.

“The power of big data in the ValConnect platform ultimately leads to faster turnaround times, cost savings and smarter decision-making to provide a superior customer experience.

“With customers increasingly prioritising speed and cost-efficiency, data-enabled platforms such as ValConnect can be a valuable asset to any portfolio.”

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