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When talking about his company, president and CEO of Appraisal.Com Inc., Mark H. Yellen is quick to remark that it is profitable. "Don't let the dot-com in our name fool you."
Appraisal.com keeps growing through strategic partnerships such as its most recent agreement with RealEC Technologies, a business- to-business Internet-based exchange service for real estate transactions. Being the operator of vendor management transactions for the Fannie Mae Desktop Underwriter, RealEC will make Appraisal.com products available to all DU users.
"It is not just a huge market, it also is a great validation for us," Mr. Yellen said. "We must be doing the right thing."
At Appraisal.com, doing the right thing means responding to lender and broker clients' demand for quick appraisals that are in compliance with RESPA and all the other regulations and at reduced management costs.
Currently, according to Mr. Yellen, almost 25% of all the licensed active real estate appraisers in the country work with Appraisal.com, mainly due to its 18-year-long involvement in providing appraisers...