Ron Nation
President, Just Valuation, Inc.
PHONE (407) 774-3344
EMAIL: rnation@jvireo.com

Vice President: Greg Sullivan
TEL (800) 535-6945 ext 303
EMAIL: gsullivan@electronicappraiser.com

Just Valuation Chooses Electronic Appraiser for Paperless Servicing System

Digital photographs enable electronic data standards

Boca Raton, Florida, August 2, 2004 – Valuation technology provider Electronic Appraiser, Inc. today announced that Florida-based Just Valuation, Inc. (JVI) has chosen Electronic Appraiser’s PhotoCheck, which combines a professional site inspection with an exterior digital photograph and property condition report, as a component of its web-based electronic appraisal management, ordering and tracking system. JVI is a majority partner in Southeast Alliance, a management and marketing contractor for the U.S. Housing and Urban Development Department (HUD) in 24 states.

“PhotoCheck was the logical choice because it integrates seamlessly into our paperless servicing system and offers truly national coverage through a network of site inspectors,” said Ron Nation, president of Just Valuation. “It is imperative that our partners adhere to XML data standards, enabling us to track the servicing process from the ‘cradle to the grave’ and instantly identify and correct oversights.”

Combining PhotoCheck with Electronic Appraiser’s AVMLink reduces costs and limitations normally associated with broker price opinions (BPOs) by providing access to the nation’s leading property data repositories through a single interface. In addition to visual confirmation and reduced risk, PhotoCheck offers expedited 48-hour service by leveraging its network of more than 10,000 site inspectors.

“AVMLink with PhotoCheck combine for a best-of-breed solution that is charting the future of valuation,” said Greg Sullivan, vice president of Electronic Appraiser. “We’re proud to be leading the way to paperless mortgage and applying technology for significant improvements in the property valuation process.”

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About Electronic Appraiser

Florida-based valuation technology provider Electronic Appraiser, Inc. features PhotoCheck, an electronic property photo combined with an automated valuation model (AVM) in an easy-to-read report, and AVMLink, which provides access to several leading property data repositories through a convenient, single interface. The company offers traditional AVMs and/or PhotoCheck, depending on the lender’s need. For more information, write to Electronic Appraiser, 2200 North Federal Highway, Suite 203, Boca Raton, Florida 33431; call 561-338-1890 or 800-570-3767 or visit us on the web at www.electronicappraiser.com.

About Just Valuation, Inc. (JVI)

JVI (the majority partner of Southeast Alliance) has 5+ years experience as a Management & Marketing Contractor for the U.S. Department of Housing and Urban Development’s (HUD) REO inventory for the state of Florida, Puerto Rico, and the U.S. Virgin Islands, as well as HUD REO appraisal oversight for 24 additional states across the nation. The company leverages its web-based electronic appraisal management, ordering and tracking system to assist new M&M contract award winners in the transition, ramp-up, quality control, training, maintenance, and contract renewal periods. JVI’s appraisal division is a fully-staffed team of real-estate professionals experienced in HUD appraisal requirements for REO properties. JVI has expanded services to institutional clients and is currently working with a national lender on REO appraisal services. For more information contact JVI, 222 S. Westmonte Drive, Suite 206, Altamonte Springs, FL 32714; call 407-774-3344 or visit our website at www.jvireo.com.