E-ppraisal and Star Valley Announce Relationship to Launch New Technology For Web-Based Residential Appraisals

Star Valley Using E-ppraisalLend to Allow Mortgage Customers to Make Better,

Faster Valuation Decisions



Apr 17, 2001, 01:00 ET from E-ppraisal Inc.

    WESTLAKE VILLAGE, Calif., April 17 /PRNewswire/ -- E-ppraisal Inc., an
 Internet-based provider of automated valuation services for the residential
 real estate industry, today announced that the company has entered into an
 agreement with Star Valley Real Estate Services to offer E-ppraisalLend, a
 web-based appraisal technology for lenders, and E-ppraisalPro a productivity
 enhancing technology for appraisers.
     "E-ppraisalLend is allowing us to substantially increase our customer
 base," said Carol Martin, CEO of Star Valley Real Estate Services.  "By
 enabling our customers to make an immediate collateral assessment decision
 over the Internet at the start of the mortgage process via our web site, and
 then providing a dramatically faster turn-around on the appraisal assignment,
 we have generated both cost savings and better service for our customers."
     "Star Valley is at the forefront of using technology in the appraisal
 process," said Dr. Kenneth Kaiser, VP of Business Development at E-ppraisal
 Inc.  "Star Valley and E-ppraisal are allowing credit unions and smaller
 lenders to finally use automated valuation technology."
     The E-ppraisalLend system allows mortgage lenders to go to StarValley's
 Web site (www.starvalleyinc.com) at the initiation of any mortgage loan
 transaction, perform a valuation, and within a minute have valuable collateral
 information to determine whether to move forward on the loan and what type of
 appraisal is required.  When an E-ppraisalLend report is sufficient collateral
 assessment, E-ppraisalLend provides a report in PDF for electronic and/or hard
 copy records.  When an appraisal is required, the lender uses E-ppraisalLend
 to order and monitor the appraisal through Star Valley's network of
 appraisers.
     The E-ppraisalPro system allows Star Valley's appraisers to significantly
 reduce the time it takes to complete an assignment using valuation technology
 that emulates the proven appraisal process.
 
     About Star Valley (www.starvalleyinc.com)
     Star Valley Real Estate Services, Inc. is a California Corporation
 providing nationwide real estate services to a wide variety of clients.  Star
 Valley services are provided to individuals, credit unions and financial
 institutions.  The company's services include Nationwide Real Estate Appraisal
 Services, Real Estate Property Sales and Construction Consulting.  Star Valley
 is focused on providing consistent professional services and successful
 business solutions.  The Star Valley Corporate office is located in Palmdale,
 California.
 
     About E-ppraisal (www.e-ppraisal.com)
     E-ppraisal is a start-up company poised to become the nation's premier
 automated valuation service for residential real estate.  E-ppraisal's
 advanced valuation technology has achieved a level of accuracy and utility
 that appraisers and lenders have been demanding but lacked until now. The
 company is located in Westlake Village, California.
 
 

SOURCE E-ppraisal Inc.
    WESTLAKE VILLAGE, Calif., April 17 /PRNewswire/ -- E-ppraisal Inc., an
 Internet-based provider of automated valuation services for the residential
 real estate industry, today announced that the company has entered into an
 agreement with Star Valley Real Estate Services to offer E-ppraisalLend, a
 web-based appraisal technology for lenders, and E-ppraisalPro a productivity
 enhancing technology for appraisers.
     "E-ppraisalLend is allowing us to substantially increase our customer
 base," said Carol Martin, CEO of Star Valley Real Estate Services.  "By
 enabling our customers to make an immediate collateral assessment decision
 over the Internet at the start of the mortgage process via our web site, and
 then providing a dramatically faster turn-around on the appraisal assignment,
 we have generated both cost savings and better service for our customers."
     "Star Valley is at the forefront of using technology in the appraisal
 process," said Dr. Kenneth Kaiser, VP of Business Development at E-ppraisal
 Inc.  "Star Valley and E-ppraisal are allowing credit unions and smaller
 lenders to finally use automated valuation technology."
     The E-ppraisalLend system allows mortgage lenders to go to StarValley's
 Web site (www.starvalleyinc.com) at the initiation of any mortgage loan
 transaction, perform a valuation, and within a minute have valuable collateral
 information to determine whether to move forward on the loan and what type of
 appraisal is required.  When an E-ppraisalLend report is sufficient collateral
 assessment, E-ppraisalLend provides a report in PDF for electronic and/or hard
 copy records.  When an appraisal is required, the lender uses E-ppraisalLend
 to order and monitor the appraisal through Star Valley's network of
 appraisers.
     The E-ppraisalPro system allows Star Valley's appraisers to significantly
 reduce the time it takes to complete an assignment using valuation technology
 that emulates the proven appraisal process.
 
     About Star Valley (www.starvalleyinc.com)
     Star Valley Real Estate Services, Inc. is a California Corporation
 providing nationwide real estate services to a wide variety of clients.  Star
 Valley services are provided to individuals, credit unions and financial
 institutions.  The company's services include Nationwide Real Estate Appraisal
 Services, Real Estate Property Sales and Construction Consulting.  Star Valley
 is focused on providing consistent professional services and successful
 business solutions.  The Star Valley Corporate office is located in Palmdale,
 California.
 
     About E-ppraisal (www.e-ppraisal.com)
     E-ppraisal is a start-up company poised to become the nation's premier
 automated valuation service for residential real estate.  E-ppraisal's
 advanced valuation technology has achieved a level of accuracy and utility
 that appraisers and lenders have been demanding but lacked until now. The
 company is located in Westlake Village, California.
 
 SOURCE  E-ppraisal Inc.