OzHub, the Macquarie Telecom-led cloud computing alliance, has come down firmly on the side of Optus over the copyright controversy surrounding Optus TV Now, warning that any moves to change the law "risk branding Australia a global luddite state."
Housing intelligence and information solutions vendor, Hometrack Australia, has developed and launched an interactive online property valuation service – Hometrack Valuer (HTV) - which it claims will speed up the processing of residential property valuations and mortgage applications, while “virtually eliminating the risk of fraud being committed.”
Hometrack CEO, Brendan Darcy claims the technology on which the new service is based “represents a significant leap forward in the application of technology” for delivering these services.
According to Darcy, the technology was custom developed over the last 12 months in Australia, with HTV providing a “secure online application that is hosted locally and delivered as Software as a Service (SaaS).”
Darcy says HTV “skilfully integrates a range of cutting edge Web 2.0 technologies overlayed with highly detailed housing and residential property database information, incorporating information on 100 per cent of Australian residential properties.
“For the first time in Australia, property valuers now have access to a very powerful set of property databases that are fused together with highly detailed imagery and custom mapping software presented within a familiar browser-based interface. The service assists valuers to view a property from multiple angles, measure its dimensions, compare its sales history and attributes against other similar properties in the area, and then complete a report with minimal effort, all without leaving their desk.”
Darcy also claims that a key driver behind the development of the service was to “minimise the risk of mortgage fraud for lenders, “and he says that “all of the imagery and database information presented in Hometrack Valuer is from independent sources, and cannot be manipulated by the mortgage applicant, valuer or lender.
“A continual challenge for lenders is the need to undertake costly and time consuming onsite property valuations when there is lack of available information on a property. With HTV, a valuer can check out a property through our online service without needing to go onsite and hold up the mortgage process.”
HTV was developed by Hometrack in conjunction with valuation firm, the Opteon Property Group.
David Bass
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