Northbrook, IL – May 1, 2009 – ValueNet, a leading provider of alternative appraisal products for valuing residential real estate has developed ValueNet PLUS; a process and report that will change the face of exterior appraisal products.

ValueNet PLUS is a USPAP compliant, exterior inspection appraisal process and report. It incorporates an exterior inspection of the property and neighborhood into the ValueNet appraisal process and form. “The real benefit is the cost savings over a traditional drive-by appraisal” said Tom Beath, Executive Vice President of ValueNet. “ValueNet PLUS provides our clients with the same data, market research and inspection photos as a traditional exterior appraisal at about half the cost charged by AMC’s”

“ValueNet PLUS was designed to provide our clients with a faster, more accurate exterior inspection appraisal with tremendous cost benefits” 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.”

The new report formats incorporated by ValueNet have been applauded by various regulating agencies according to their clients. The ValueNet PLUS and the original ValueNet reports have all the information regulators are looking for in today’s challenging markets.

ValueNet PLUS reports are used by clients for Lending, Loss Mitigation and in home equity line reviews.

“ValueNet’s newly designed web based application allows clients to place orders directly from the web site or via XML integration with their origination system. It also allows clients to monitor the status of their orders, run reports and read external notes about a specific order”, says Beath.

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 is a product offering 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.