Filling the Appraiser Assisted AVM and BPO Gap: Pro-Teck Services Introduces CollateralPoint

WALTHAM, Mass., July 20 /PRNewswire/ -- Pro-Teck, a national provider of real estate collateral valuation solutions, announced the introduction of a new valuation service that delivers an Appraiser Assisted model focused on objectivity while streamlining the collateral due diligence process.

CollateralPoint is a desk-top valuation (Fast & Economical), produced by a staff appraiser (Reliable) utilizing an AVM cascade, satellite imagery, numerous data sets, (comps, listings, transaction histories, market data, economic data, appreciation/depreciation, risk data and fraud detection) and a model driven value conclusion (Objective). Additional options include: Local appraiser production, USPAP compliance, Site inspection, Value forecasting and CollateralPoint delivered to your desk-top as a tool for in-house staff production.

The power of CollateralPoint is the integration of 3 key elements in the valuation process: Objective valuation "engine," a valuation professional and subject & market data. What is delivered is the fast, economical and objective solution the mortgage industry has been looking for.

Key benefits include: Fewer bad loans through proper valuation and fraud detection, higher profits from lower due-diligence costs and increased internal bandwidth. The end result is a complete value and risk picture with the supporting detail needed for credibility and defense in today's market.

CollateralPoint is available for demonstration and pilot programs- "Make better decisions that drive profitability."

Established in 1977, Pro-Teck improves risk management for Mortgage Lenders, Mortgage Servicers, Secondary & Capital Markets and Insurance Underwriters. Specializing in configured solutions, a full suite of services are available, including on-line real-estate data, fraud scoring, value modeling, inspections, valuations, BPO's and appraisals. Services are provided through an intelligent web based platform that delivers collateral valuation products, tools, custom work-flow/business rules and product upgrades defined by individual client risk tolerances.

For more information, email us at: info@protk.com or log on at http://www.pro-teck.com/ and click on Desktop Valuation under the Solutions Section.

Empowering better decisions through better information.(TM)

CONTACT: Domenica Puleo of Pro-Teck, 800-886-4949, ext. 627, dpuleo@protk.com