Opteon: Oops!

[Non Sequitur]

Appraisal modernization in action! Opteon, a leader in staff appraiser model and appraisal modernization software that's led by a 2024 Valuation Visionary award winner made a big oops! in its home country. I wonder if this was PDC style or remote inspection? See below:

"MyState said their valuer, Opteon Property Group, had conducted an on-site inspection and given the bank a report "confirming all the required works were done"."

..Snip..

"When he asked to see Opteon's report, MyState refused to release it to him.

"There is a contractual arrangement between banks and valuers that the reports are for the use of the name lender only," it said.

Opteon could not comment on individual reports, but told the ABC inspections assessed whether construction work appeared substantially complete for the payment stage."

'I have massive concerns': Home owner told bank he didn't sign payment form

When Matthew Mapley questioned why the bank had paid his builder for unfinished works, it said it had his written authority — except he hadn't signed it.

www.abc.net.au

Watch Video Recognizing Chris Knight's Valuation Visionary Award At ValExpo 2024

Chris Knight, Opteon CEO, is 2024 Valuation Visionary Award. Watch the video honoring his leadership and innovation in the appraisal industry.

opteonsolutions.com

https://www.reddit.com/r/appraisal/comments/1hw4fr4/anyone_worked_for_opteon_i_am_curious_about_w2

 

[chad hampton]

I wondered where all my construction draw business went over the last few years. Used to always count on that for another $1k/month.

 

[Alsie35]

Builder/appraisal company fraud Down Under? (Maybe they hired Taz to do the final inspection) - Say it Ain't So!

 

[djd09]

Opteon acquires Equity Valuation Partners accelerating its journey to industry modernization​

“Modernization isn’t about replacing professionals, it’s about enabling them to deliver more value,” said Chris Knight, Chief Executive Officer at Opteon. “By bringing EVP into the Opteon family, we further accelerate our strategy of combining the best people with the best technology to deliver faster cycle times, higher quality, and a better experience for lenders, appraisers, and consumers.”

By joining forces with EVP, Opteon builds on its established appraisal management expertise, welcoming additional technology-forward talent and deep client partnerships. With a shared vision for the future of the appraisal industry, the combined businesses will continue to offer customers scalable platforms and a national network of expert appraisers that deliver quality, speed, and regulatory compliance across the valuation lifecycle.


“EVP has always focused on doing the fundamentals exceptionally well and enabling our people and clients with leading technology that delivers best in market service” said Drew Watson, former Principal at EVP. “Over the years as appraisal modernization has accelerated, we have considered many options. We know we have the right partner in Opteon that shares our vision, values and purpose and that together we will keep our customer promise to deliver that future.”

“Our U.S. team is energized about this opportunity to expand our depth and capability,” said Lee Trice, Managing Director, Opteon U.S. “We’re uniting strong leadership and appraisal expertise with Opteon’s global innovation responsibly and in partnership with clients, appraisers, and regulators.”

Opteon acquires Equity Valuation Partners accelerating its journey to industry modernization | The AI Journal

"Modernization isn't about replacing professionals, it's about enabling them to deliver more value," said Chris Knight, Chief Executive Officer at Opteon. "By

aijourn.com

....i thought jt retired

 

[Non Sequitur]

Bad news for EVP panel appraisers, Opteon's staff appraisers will take everything they can get.

 

[shrubberyvaluation]

​

“Our U.S. team is energized about this opportunity to expand our depth and capability,” said Lee Trice, Managing Director, Opteon U.S. “We’re uniting strong leadership and appraisal expertise with Opteon’s global innovation responsibly and in partnership with clients, appraisers, and regulators.”

Opteon acquires Equity Valuation Partners accelerating its journey to industry modernization | The AI Journal

"Modernization isn't about replacing professionals, it's about enabling them to deliver more value," said Chris Knight, Chief Executive Officer at Opteon. "By

aijourn.com

....i thought jt retired

It says Lee Trice, is that Joan Trice's husband?

 

[NC Appraising]

It says Lee Trice, is that Joan Trice's husband?

I think brother.

Coincidence?
Turning Point For The Appraisal Profession

Dear Colleagues,

UAD 3.6 isn't just a software update. It represents a foundational shift in how appraisal data will be captured, delivered, and consumed by our industry.

For the first time, the appraisal report becomes a structured data product, not just a narrative. Instead of thousands of unique interpretations living inside PDFs, UAD 3.6 transforms every component (condition, quality, energy features, even floor plans) into standardized data fields.

What’s Changing, In Plain English

• Floorplans must be digital, data-rich, and ANSI-compliant
• Photos become sources of data, not just images
• Commentary becomes secondary to structured, machine-readable fields
• The Report becomes standardized and portable across systems

This isn't more typing, and it will create less ambiguity. It makes our work clearer, more defensible, and more respected by the investors who rely on it.

What This Means For Appraisers
Some fear this will lead to automation replacing the human expert, but UAD 3.6 doesn't eliminate the appraiser, it eliminates the grey area.

Structured data shifts value where it belongs:

• Judgment over typing
• Analysis over formatting
• Expertise over narrative

Your expertise becomes the differentiator, not how fast you can write commentary.

Your Opportunity
UAD 3.6 creates new possibilities for appraisers:

• Separating data collection from valuation analysis
• Getting paid for verified property data
• Participating in new business models that reward accurate data capture

Our profession finally has an opportunity to own and monetize the data we create.

A Preview Of What's Next

Clearbox is building tools that align with the future of UAD 3.6, digital twins, LiDAR-captured ANSI floor plans, and validated property data that appraisers can contribute to and earn income from, again and again.

We are building a modern ecosystem where:

• Appraisers own the data they capture.
• They are paid a royalty when that data is used.

We are not here to replace appraisers. Instead, we're here to make sure you prosper in the new data-driven valuation economy.

Let's lead the future. Together.

With respect and optimism,

Joan N. Trice
CEO/Founder

P.S. If you don't have a Clearbox profile or it's outdated, NOW is the time to get current. Don't wait "to see what happens". Position yourself to take advantage of the opportunities coming our way so you're not left behind

 

[Terrel L. Shields]

too much money to be made off of appraisers for the Trice's not to want to bleed that cow dry. Ah, the ticks of the appraisal world. Without them we'd all be rich.

 

[Non Sequitur]

Coincidence?

Nope. She's just jumping in hoping to catch some of the VC money flowing into the appraisal industry.

 

[shrubberyvaluation]

We are building a modern ecosystem where:

• Appraisers own the data they capture.
• They are paid a royalty when that data is used.

Uhuh, sure...