Northbrook, IL – April 1, 2009 – ValueNet, a leading provider of alternative appraisal products for valuing residential real estate, announced today that is has brought to market two new products to compliment its very successful ValueNet desktop appraisal solution.

The new products, ValueNet PLUS and ValueNet EX are designed to provide appraiser valuation solutions for lenders in areas other than originations. The new products will give lenders more options based on their specific needs.

ValueNet PLUS is a USPAP compliant, exterior inspection appraisal process. It incorporates an exterior inspection of the property and neighborhood into the ValueNet appraisal process and form. The new form provides current photos of the structure, street view and a verification of the address to ensure the right property was viewed.

“ValueNet PLUS was designed to provide our clients with a faster, more accurate exterior inspection appraisal at about half the cost of a traditional drive by appraisal” said Scott Waxman, President and CEO of ValueNet. “In this marketplace, with declining values and foreclosures prevalent throughout the county, lenders are looking for more security in their collateral valuations as they move away from AVMs and desktop appraisals. ValueNet PLUS provides that at a very attractive price point.”

ValueNet EX was specifically designed to meet the needs of Default Servicing / Loss Mitigation departments. An upgrade from the ValueNet PLUS form, it not only incorporates the inspection of the property but provides three competing active listings in the market. They are depicted on a grid and mapped to show proximity to the property being valued. Also part of the form is a graphical display of housing trends in the market area supplied by the National Association or Realtors.

“ValueNet EX provides lenders with an appraisal based alternative to Broker Price Opinions (BPOs)” said Waxman. “The big difference is the value is being provided by a disinterested third party rather than a Realtor that may have a stake in obtaining that property listing. It’s flexible enough to provide either the market value of the property or a quicker sale value if the client needs that.”

All ValueNet products are available through the internet based solution www.valuenetweb.com. For additional information contact ValueNet through its website or directly at 866-498-9066.

ValueNet, Inc. is a wholly owned subsidiary of Preferred Appraisal, Inc.. 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.