hello@appraisalworks.com
AppraisalWorksAppraisalWorksAppraisalWorksAppraisalWorks
  • Product
  • Why AppraisalWorks
  • Demo
  • About
  • Blog
  • Login

AppraisalWorks Expands Presence among Michigan Banks, Following on Success in Ohio

    Home Uncategorized AppraisalWorks Expands Presence among Michigan Banks, Following on Success in Ohio
    NextPrevious

    AppraisalWorks Expands Presence among Michigan Banks, Following on Success in Ohio

    By Correne Jackman | Uncategorized | Comments are Closed | 24 February, 2022 | 0

     

    CLEVELAND, OHIO – February 24, 2022 – AppraisalWorks, a leading provider of real estate appraisal technology, today announced it is the technology powering Ohio Bankers League (OBL) Valuation Analytics’ expansion into Michigan. As the exclusive appraisal management technology platform to OBL for the past two years, AppraisalWorks has become the platform of choice for Ohio regional and community banks. The technology is now being rolled out in Michigan and is expected to provide banks with a turnkey platform for improving efficiency, visibility and agility across the full appraisal management process. Banks cite ease of use, on-demand scalability and flexibility in supporting both in-house and outsourced appraisers as key differentiators in choosing the platform.

     

    The AppraisalWorks™ platform is designed to streamline the real estate appraisal process, helping lenders, servicers and appraisal management companies (AMCs) achieve lower costs, faster turn times and greater transparency. The technology platform is patented under U.S. Patent 10,635,999.

     

    “After seeing the success of AppraisalWorks among Ohio banks, we realized the potential the platform has to become a state-wide standard across other states, and Michigan quickly signed up to participate,” said Mike Cullen, CTO of AppraisalWorks. “AppraisalWorks is designed to be collaborative – bringing together all stakeholders in the appraisal process to improve efficiency, turn times and accuracy. The onboarding process is fast and easy, helping banks quickly benefit from scale and enterprise-level technology without a huge upfront investment.”

     

    Other states looking to offer AppraisalWorks as the standard appraisal management platform for regional and community banks and credit unions should contact or visit www.appraisalworks.com for more information.

     

    About AppraisalWorks

    AppraisalWorks is a cloud-based appraisal management technology platform that enables banks, credit unions, loan servicers, mortgage lenders and AMCs to order, manage, maintain and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance and facilitates collaboration among lenders, borrowers, processors, appraisers and the quality control team – significantly improving loan turnaround time, reducing cost per loan and enhancing the borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999. Visit www.appraisalworks.com to transform your appraisal management function from costly overhead to a competitive advantage.

    No tags.

    Related Post

    • What Keeps Real Estate Lenders Up at Night?

      By Correne Jackman | Comments are Closed

      The pace of change in the real estate lending industry has accelerated dramatically and factors such as interest rates, industry regulations and audits are forces beyond a lenders’ control. Combine these with the daily pressuresRead more

    • 5 Benefits of Digitizing Appraisal Management

      By Correne Jackman | Comments are Closed

      And how to execute an innovative appraisal management strategy.Read more

    • AppraisalWorks Recognized in HousingWire Tech100 Awards

      By Correne Jackman | Comments are Closed

        Appraisal Management Platform Honored for Technology InnovationRead more

    • 2022 State of Real Estate Appraisals: What’s In and What’s Out

      By Correne Jackman | Comments are Closed

      The real estate appraisal industry in 2021 can best be described as dynamic. Keeping up with the pace of change and responding to rising housing costs, a shrinking housing market and everchanging health and safetyRead more

    • The Urban Exodus: Are you Equipped to Offer Appraisals Outside of Major Cities?

      By Correne Jackman | Comments are Closed

        Research from Freddie Mac shows that between 2010-2019 rural purchases were up 3%, suburban area home purchases were up 2% and home purchases in urban areas were down 5%. The growing trend of consumersRead more

    • How to Streamline AMC and Appraiser Management

      By Correne Jackman | Comments are Closed

        In a recent survey conducted by Forbes, 78% of representatives of large banks and lenders say streamlined, automated processes at scale will transform and disrupt the mortgage industry. It’s becoming increasingly clear that realRead more

    • 5 Benefits of Consolidating Vendors onto One Appraisal Management Platform

      By Correne Jackman | Comments are Closed

        Using multiple websites, applications, and other tools to manage the appraisal process across multiple appraisers and AMCs adds time-consuming and unnecessary overhead. Think about all of the different processes and systems used to order,Read more

    • Appraisal Management Debate: Point Solutions vs. Platforms

      By Correne Jackman | Comments are Closed

        Eighty-one percent of executives polled in the Forbes Insights Survey, “Digital Mortgages: How Lenders are Harnessing Tech To Streamline Processes, Cut Costs and Improve Customer Experience,” say they are aggressively (40%) or very aggressivelyRead more

    NextPrevious

    Recent Posts

    • What Keeps Real Estate Lenders Up at Night?
    • 5 Benefits of Digitizing Appraisal Management
    • AppraisalWorks Recognized in HousingWire Tech100 Awards
    • AppraisalWorks Expands Presence among Michigan Banks, Following on Success in Ohio
    • 2022 State of Real Estate Appraisals: What’s In and What’s Out

    Categories

    • Best Practices (10)
    • Company (5)
    • Compliance (1)
    • Market Trends (6)
    • Product (2)
    • Uncategorized (2)

    Tags

    AMC's Appraisal Management Company Appraisals AppraisalWorks automation Bidding Encompass ICE Mortgage Technology LOS Integration quote functionality Quotes Technology workflow
    • Request a Demo
    • Contact Us
    • Privacy Policy
    • Disclosures
    © AppraisalWorks. All Rights Reserved.
    • Home
    • Product
    • Why AppraisalWorks
    • About
    • Blog
    • Request a Demo
    • Disclosures
    • Privacy Policy
    • Login
    AppraisalWorks