SmartVAL
We have partnered with CoreLogic, the leading provider of property data and analytics in Australia, to launch an innovative digital solution – SMARTval. SMARTval helps slash the ‘time to yes’ in Australia’s competitive mortgage market by combining Opteon’s local valuer expertise and CoreLogic’s best-in-class data in a digital platform.
- Delivers accurate assessments without the need for physical inspections.
- Significantly reducing carbon miles associated with valuer inspections
- Slashing the usual 3-4 day turnaround time, with potential to convert up to 40% of full valuation reports to a one business day assessment process.
- Applies existing CoreLogic data.
- Automated quality assurance checks and digital reports that include images for sales evidence, market trends, mapping and floor plans.
Data security
As a prop tech business, we take data protection very seriously. We apply bank-level security controls for personal information, and we are ISO27001 accredited (an internationally recognised accreditation for an information security management system). We also use jurisdiction-specific cloud-based providers to avoid data sovereignty issues.
GreenVal
Opteon’s highly trained valuers inspect over 400,000 residential and commercial properties each year and capture primary data, including energy and sustainability-related data, on valuation trends. Our independent valuations pass rigorous quality and compliance standards, leading to high quality primary data that can inform green classifications.
Our GreenVal service captures the value of green data. It can be used to identify loans that may meet residential and commercial green bonds eligibility criteria. It can also be valuable in determining emissions for ESG reporting purposes.
Valuation Management System
Opteon Opteon’s Valuation Management System (VMS) is a proprietary tech platform that allows our valuers to seamlessly manage the end-to-end valuation process in one place. This system supercharges our business by delivering speed, efficiency and quality outcomes.
The VMS also provides customer connectivity, creating system-to-system integrated channels with lenders by plumbing straight into banks’ systems using industry standard protocols.
Core Commercial Report
Opteon’s VMS supports the new Core Commercial Report, which is an accurate, fast and easy to understand assessment for sub $5m property asset classes. This tech-enabled report provides banks with a succinct summary of the key risks and metrics up-front – in about half the time taken by many other valuation providers.
Opteon's Core Commercial Report has reduced report turnaround times to five days in metro areas with high volume markets, reduced post-report enquiries by 4%, and increased report preparation efficiency by 20%-30%
Valor
Valor is Opteon’s solution for local government rating and taxing systems in Australia and New Zealand.
The system works on the basis of a ‘Classify, Analyse and Apply’ principle. This involves the valuer first classifying the properties into their relevant groups for land and improvements, then analysing these classifications to establish the relevant rates for each group of land and improvements. The valuer can apply their local knowledge in a higher-volume approach.
Our Coverage
We have extensive coverage with 500+ valuers located in 98% of Australia’s postcodes with specialised knowledge and experience in family law and property settlements.
Property Expertise
Our valuers have experience with assessing properties of all types, including residential, commercial, agribusiness, and many other specialised properties or assets.
Our Technology
Our technology enhances the valuation process for everyone involved with customisable, automated workflows and centralised systems to access, manage, and deliver your reports.
