MARKHAM, Ontario-Thanks in part to the Home Valuation Code of Conduct's implementation, Solidifi here said it has found certain property valuation and collateral risk management services that fared well in Canada have growing appeal for U.S. lenders, and it plans to continue the cross-border transfer of ideas going forward.
For example, the company has plans to extend to U.S. mortgage lenders and property and casualty firms a service it rolled out recently in Canada that will allow clients to go beyond traditional appraisal reviews and incorporate structural deficiency concerns into collateral assessments, president Jason Smith told ON. The service aims to show, for example, whether a structure on a property includes relatively more fire-prone "knob and tube" wiring. U.S. demand for this rollout, expected to be a relatively small part of the company's range of offerings, remains to be seen. But it is representative of a general trend in efforts by the company to more exactly pin down home values for its customers.