PropertyPRO is software used to create, save and produce property valuations in line with the Residential Valuation and Security Assessment Pro Forma Supporting Memorandum.
PropertyPRO was created by the API many years ago to assist members to meet the changing needs of major clients and financial institution. These clients were seeking the same high level of valuation advice from API members but in a more concise format. PropertyPRO and the related Residential Valuation and Security Assessment Pro Forma Supporting Memorandum were the result.
The Residential Valuation and Security Assessment Pro Forma Supporting Memorandum provides the basis upon which Members of the API will provide valuations of residential properties for first mortgage purposes using the Residential Valuation and Security Assessment Pro forma Report for Mortgage Purposes report. It is also the basis on which their lender-clients and any applicable approved lenders mortgage insurers accept(s) and use(s) such reports.
The software platform, PropertyPRO On-Line is hosted by IS Group under an agreement with the API and further information about the software product can be found at www.propertypro.net.au or they can be contacted on 02 9211 5488 or firstname.lastname@example.org
Over the past few years the API has undertaken a full review of the API PropertyPRO Residential Valuation & Security Assessment Supporting Memorandum.