Brokerpriceopinion.com, a Westminster, Colorado-based provider of drive-by and interior broker price opinions (BPOs), appraisals, and property securement for financial institutions, recently announced the launch of its next generation BPO (V3) platform.

“At BrokerPriceOpinion.com, using the latest technology means designing, building, growing, and maintaining a state of the art valuation platform,” said Walt Coats, president of the company. “Our software automatically evaluates and scores all comp sale and listing data provided by the broker. It was designed to analyze the data for accuracy and/or fraud and to provide immediate feedback for brokers and analysts.”

For nearly two decades Brokerpriceopinion.com has delivered critical valuation data with BPOs and appraisers, and in today’s rapidly changing marketplace, the company is focused on supporting client decisions by providing accurate and reliable information. The company’s new (V3) platform, which is capable of evaluating data quickly through the use of progressive technology and current local market information, represents a fundamental shift in philosophy behind informational systems of its type.

The focus is primarily on data analysis rather than data capture and delivery, and the system offers capabilities and features unmatched in the industry. As a result, users are able to easily configure and enforce a virtually unlimited combination of calculations, business rules, and scoring weights. With the use of this new platform, Brokerpriceopinion.com said clients can expect the same high-quality reports and turn times, even as the company meets the demands of a growing client base and significantly higher order volumes.

Phase II (V3) is expected to launch in the second quarter of 2010, and scheduled enhancements developed in house by BrokerPriceOpinion.com will access local market data and incorporate it into both new and existing products. The company said this next generation BPO platform will help clients gain valuable insight into local markets to make better, more informed business decisions, which will add to increased profitability.