The ValueNet product line was developed in 1998 by Preferred Appraisal, Inc. principals Scott Waxman and Tom Beath, two highly experienced residential real estate appraisers, who were searching for an alternative appraisal technique that could consistently provide accurate real estate valuations. Waxman and Beath quickly realized there was nothing available on the market to serve this need. Together they set off to develop a valuation product that would combine the best in technology with the best elements of traditional appraisal methods. Shortly thereafter, ValueNet was born.

ValueNet provides the highest-level in service standards to deliver accurate, cost effective appraisals to customers across the U.S. Working in urban, suburban and rural markets, ValueNet provides an array of alternative appraisal products to estimate the value of nearly every type of residential real estate. From lending institutions to wholesalers to Loss Mitigation departments, ValueNet serves the needs of nearly every aspect of the residential lending business.

Unlike other desktop appraisal products, ValueNet was built on its ability to manage appraisals at the local level using local data sources. As such, ValueNet uses experienced local appraisers to conduct research, data and valuation of the subject property.

ValueNet was introduced in the Chicago area in 1998 and quickly began to garner attention across the Midwest. Today, ValueNet is the solution of choice for the residential lending business throughout the U.S.