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Corporate Overview
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Property Sciences was founded as a real estate consulting and appraisal company in 1984 with the goal of serving commercial mortgage professionals by delivering fair and reasonable real estate collateral decisions at competitive prices. A residential appraisal group was started in 1986 to assist commercial lender clients improve service levels and grow residential originations. |
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In 1993 and again in 1994, Property Sciences was named as one of America’s fastest growing companies by INC. magazine (#201 in 1993 and #254 in 1994.) In 1995 Property Sciences founded Commercial Lender magazine as a tool for its mortgage clients, which grew into the largest distributed commercial real estate finance publication in the United States. C-Lender.com, an online version of the magazine and business portal, was launched in 1999 and generated over $800 million in loan referrals in its first 12 months. Commercial Lender magazine and C-Lender.com were sold to Scotman Publishing in 2001. |
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Today, Property Sciences believes that it is the market share leader in both commercial and residential appraisals in California. In addition, the company has a strong and growing presence in Arizona, Nevada, Oregon, Washington, and Colorado. With large residential and commercial appraisal practices, Property Sciences is uniquely positioned against highly fragmented competitors that typically provide fewer services over smaller regions. |
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Utilizing its base of clients and service platform, Property Sciences launched CREFX and DeskAppraisal as a suite of online tools for mortgage professionals. It is the belief of Property Sciences that local mortgage professionals provide tremendous benefits to property owners by helping owners analyze, package, present and close loans. |
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CREFX was created as a lender portal for mortgage professionals. Participating direct lenders display programs and preferences to assist in selecting the best match. Borrower and property information can be quickly and easily shared between lenders, brokers and appraisers reducing the time it takes to receive a commitment. |
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DeskAppraisal tools for mortgage professionals make qualifying loans easier and faster. DeskAppraisal addresses common industry problems by providing a series of tools to screen collateral and produce easy-to-read reports that assist mortgage professionals and lenders to make quick decisions. By allowing mortgage professionals to determine collateral is adequate before searching for quotes, DeskAppraisal guarantees a higher success rate and a decrease in time spent pursuing deals. A variety of affordable and quick reports can be purchased through DeskAppraisal. |