Full Cycle SaaS Development of Real Estate Appraisal and Lending Platform for DVS
- Industry Real Estate, Appraisal & Lending
- Solution SaaS, Custom Development
DVS had strong internal experience with analytics and software project management, but lacked the technical expertise required to build out their desired platform. With the goal of developing an innovative real estate valuation, lending, and appraisal SaaS platform, the company needed to hire an external service provider with the necessary SaaS and web development expertise in the latest application languages and frameworks. The main objective of the project was to develop and optimize various financial reporting and analysis modules into one cohesive, easy-to-use, and automated platform.
“The experience has been similar to working with an onshore team, but at a fraction of the cost. A stable team, development expertise, and a solid understanding of the American mortgage industry, contribute to a successful product which has thousands of business users monthly.”Michael Ousley, President at Direct Valuation Solutions, Inc.
Searching for a partner with experience in financial software development, particularly within the mortgage industry, DVS chose SaM Solutions as their partner to provide development services covering the full software lifecycle - from design and development to go-live and ongoing support.
SaM Solutions’ experienced team of SaaS experts designed, developed, and implemented a fully custom SaaS platform to meet DVS’s unique project requirements. The resulting software solution allows credit unions, banks, lenders and appraisers to work together on a "non-biased," automated, and fully compliant platform - removing the need for costly third-party involvement. The SaaS platform gives the end user total control over all fees, settings, profiles, and transactions.
Additionally, the web-based SaaS product offers the following functionalities:
- Ability to create, oversee, and send a diverse range of lender assignments
- Ability to develop, manage, and access payment histories
- Ability to view up to date industry-related news and information
- Ability to be integration-ready for third-party systems
The SaaS platform is fully compliant with AIR/Dodd-Frank, and allows for the identification and solicitation of appraisers based on common industry standards (e.g. location, licensing details, performance data, etc.). Additionally, the platform efficiently organizes all relevant data into a user-friendly interface, allowing the lender-appraiser relationship to flourish in a seamless, singular environment.
DVS’s real estate valuation platform also offers property transaction histories, appraisal notices, listing and selling of comparables (AVM values are optional), as well as custom alerts for properties. The platform is used by thousands of business customers each month.
The technical work and expertise provided by SaM Solutions allowed DVS to successfully launch their custom real estate SaaS platform, empowering DVS to change the way lenders and appraisers conduct business in a digital world. The solution achieved all of DVS’s project objectives, and allowed the company to go to market with an industry-changing SaaS product.
SaM Solutions' expert SaaS and web development teams continue to provide ongoing support for the solution.