About

About WFX

Our founder realized that the lack of valuation industry to adjusted to technological and regulatory changes meant the typical commercial real appraisal and evaluation costs and delivery times did not meet marketplace desires. WFX innovated process-improvements, and developed technology that slashes the cost and delivery time of a report, while it improves quality. In short, we deliver what is required by regulators, compliance departments, and consumers in an expedient manner. We keep the human element in the value decision process for we understand an algorithm is not a substitute for human judgement in a commercial evaluation. We are not an AMC.

Our Mission

Our mission is to provide an above-average quality product in a timely manner at an above-average service level for a reasonable price to the benefit of our lender-clients and their customer-borrowers.

Our Staff

Why We Do It

Our two principals use their decades of experience of performing evaluations, managing analysts, and reviewing evaluations for a Top 10 financial institution as well as performing and reviewing commercial appraisal to delivery an above-average quality evaluation delivered in more quickly than their competitors. They apply Six Sigma process-improvement methodology to standardize output, improve employee efficiency and effectiveness, slash delivery times, slash fees, and slash compliance errors. Our team members are experienced analysts who are able to quickly identify the key elements of the assignment then delivery a credible, consistent, consumer-focused evaluation that satisfies you, your compliance department, and your regulators while it makes your customer happy. We are not an appraisal management company nor an AVM value provider {we keep the important human element in the analysis process}. Sounds good!

Many loans do not justify the analysis and explanation, i.e., time and costs, of a USPAP compliant appraisal. The use of the appraisals place excessive burdens on business owners, and lenders. Lenders who are unable to provide evaluations are at a competitive disadvantage to those institutions who are able to do so. The typical price gap is $1,800 to $4,000 per report and the typically delivery gap is 2 to 3 weeks. These disadvantaged lenders struggle to win on new loans and retain refinances due to more expensive and slowly delivered appraisals. The operating expenses of these lenders suffer as well as they pay thousands of dollars more per valuation to perform portfolio management and trouble-loan activities. WFX knows we can level the playing field for the disadvantaged lenders to help them win business and cut operating costs. Sounds good!