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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 safety mandates kept lenders on their toes. It often felt as one challenge was resolved, three more surfaced. As we pauseRead more

  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 real estate appraisal management platforms can transform how banks, credit unions, loan servicers and mortgage lenders order, review, manage and analyzeRead more

  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, track, manage, report, and pay a vendor or vendors for a single appraisal. Now extrapolate that across all of theRead more

  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 aggressively (41%) pursuing mortgage process digitization. Appraisal management is a growing focus for process automation. Investing in appraisal management technology canRead more

Enhanced platform gives lenders increased efficiency, broader access to real estate appraisers and automated payment processingRead more

The days of tracking real estate appraisal assignment, fees, appointment dates, completed appraisal report, etc. in spreadsheets and emails are over. Lenders who manage their own appraisals and property valuation – or ones who use a hybrid model of in-house and outsourced appraisers – need a technology platform that facilitates and tracks the communication betweenRead more

Appraisal management is often overly complex. Outdated processes and technologies add unnecessary administrative overhead and result in miscommunication and compliance risk. With multiple internal, external and client stakeholders involved in the appraisal process, clear communication and efficiency are a must. Appraisal management workflow automation has become a necessity for lenders – but many struggle withRead more