Memphis, TN: Data Facts, a nationwide provider of appraisal management solutions delivering in excess of 55,000 appraisals in 2020, recently announced Preston Pruett has been promoted to Chief Appraiser – Director of Appraisal Compliance, effective immediately. In his new role, Pruett will oversee all appraisal and valuation techniques, conceive and implement strategies to improve productivity and compliance, develop new solutions within the appraisal review process, and ensure appraisals meet all applicable standards and regulatory guidelines.
Pruett joined the Data Facts team in 2019 after serving as Vice President of Appraisal Management at Strategic Information Resources, where he spent seven years of his career. He has over 15 years of experience in the appraisal field, holding various roles of increasing responsibility with several well-known financial service companies. Pruett is a Certified Appraiser in several states, is a certified Maine Assessor and has been an FHA Roster Appraiser since 2007.
Known for his profound knowledge of industry regulations, Preston has a comprehensive understanding of secondary market guidelines, Interagency Appraisal and Evaluation Guidelines, Appraiser Independence Requirements and the Dodd-Frank Wall Street Reform & Consumer Protection Act.
Data Facts CEO, Daphne Large, is excited about Pruett’s new role, “Preston has played an instrumental role in the rapid growth of our appraisal management division. He upholds our company’s core values admirably. Preston is a valuable asset who cares deeply about the integrity of the appraisal process and will make it a priority to uphold the high standard of compliance already set by the appraisal management team. He is someone who will make sure the job is always done right. I can’t wait to see all that he accomplishes in his new role.”
About Data Facts
Data Facts is a full service AMC that delivers value-added solutions lenders can use to balance the need for compliance with appraisal quality and expedited service. With Data Facts AMC Services, you have built-in peace of mind knowing your appraisers are operating efficiently with full independence and best in class compliance support. Plus, our suite of products enables you to customize the appraisal plan that’s right for your lending team. You can learn more about Data Facts Appraisal Management Solutions here.