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CoreLogic expands valuation service to rural areas

Appraisals of rural properties are set to become easier for lenders, brokers and government bodies following the launch of the latest iteration of valuation software, ValConnect.

CoreLogic developed the Rural Desktop software in response to growing demand for a lightweight alternative to standard rural valuations, which require full inspections, lengthy turnaround times and complicated reports.

CoreLogic Head of Product Tim Jenner said 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.

“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,” Mr Jenner said.

CoreLogic Rural Desktop valuations assessments are completed remotely with users benefiting from a streamlined data capture workflow, enhanced geo-spatial capabilities and a concise, summarised report format.

Key features of the new rural desktop product include:

  • Integrated mapping solution with aggregated data sets
  • Customised data capture fields, specific for rural valuations
  • Rural-specific research portal
  • Integrated rural methodology worksheets.

Mr Jenner said many brokers, lenders and government bodies are recognising the benefits of digital platforms, including faster turnaround times and cost savings.

The Rural Desktop product builds upon the success of CoreLogic’s existing commercial and residential desktop services, launched in early 2019.

All client-ingested data is stored separately from CoreLogic’s data stack, and is only viewable by authenticated users associated with that client. All data within the ValConnect platform is secured by encryption.

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

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