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SAN JOSE, CA–(Marketwired – Jul 7, 2015) – ExactBid LLC has acquired Narrative1, accouterment the bartering lending industry with the best comprehensive, single-platform band-aid for bartering absolute acreage and appraisement management.
Financial agreement of the accord were not announced.
“The accession of Narrative1 to ExactBid creates a abounding account band-aid for all participants in the bartering absolute acreage industry,” said Matt Cotter, CEO of ExactBid. “Traditionally, ExactBid has focused on lenders while Narrative1 was focused on appraisers. This aggregate allows us to add amount at every footfall of the action to all constituents.”
Hundreds of banks, including 18 of the top 25 absolute acreage lenders use ExactBid’s Absolute Acreage Advice Administration System (RIMS) avant-garde appraisement administration software to automate the appraisement action and to affix them with appraisers and added due activity vendors. RIMS streamlines and manages the appraisement workflow and provides banks with abounding benefits, including added efficiency, simplified authoritative compliance, and added afterimage and control.
Narrative1 has become the ascendant aggregation for appraisers gluttonous to optimize their business processes, with 1,500 alive users. Narrative1 offers appraisers able anecdotal appraisement templates for retail, multi-family and mixed-use facilities, as able-bodied as appraisement spreadsheets, a comps database, mapping with Google Earth and accessory tools. The templates accredit appraisers to access advice in Microsoft Word and Microsoft Excel, so they don’t charge avant-garde computer abilities to booty advantage of the ability that automation offers.
“We are aflame to accompany the ExactBid family,” said Tom Armstrong, the CEO of Narrative1, who will abide to baby-sit the cardinal administration of that allocation of the accumulated business. “With our combined, able-bodied solution, we will be able to advice appraisers and lenders account from a distinct belvedere that offers a unified, cellophane antecedent of data, which will accredit quicker account to barter and, therefore, accredit lenders and appraisers to conduct added business.”
“Many of today’s appraisers are still administering business the way they accept for several years, application paper, Excel spreadsheets and added acceptable methods,” Armstrong added. “To finer compete, appraisers charge to embrace technology that simplifies their jobs and enables them to absorb added time in the acreage and accomplish added business.”
Similarly, lenders will account from seeing added constant appraisement reports, enabling them with bigger ability for their underwriting, Cotter said. “It’s a actual accommodating relationship. The aggregate puts us in a different position to abduction the marketplace.”
About ExactBid LLCExactBid LLC is a arch supplier of absolute acreage appraisement administration software for banks, appraisement administration companies, and due activity vendors such as appraisers, acreage inspectors, and ecology consultants.
ExactBid RIMS (Real Acreage Advice Administration System) is an avant-garde appraisement administration software band-aid for banks. It automates the appraisement action and connects banks with appraisers and added due activity vendors. Hundreds of banks use RIMS today, including 18 of the top 25 U.S. absolute acreage lenders.
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About Narrative1Since its founding in 2010, Narrative1 has become the cardinal 1 bartering appraisement software band-aid in the absolute acreage industry.
Today, Narrative1 develops a abounding apartment of automatic software solutions for appraisers to aftermath college affection letters for audience about the world. Narrative1 articles are accessible for appraisers, assessors and lenders and the software is 100% adjustable with the Appraisement Institute USPAP and CUSPAP standards.
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