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.