Real estate appraisal modernization is finally becoming a priority for lenders. Home valuations are one of the most critical elements, yet the appraisal process has lagged behind the other aspects of the mortgage industry in terms of modernization and digital innovation. Most likely this is due to it being a “back office” process andRead more
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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 pressures of retaining consumer business, accelerating loan cycle times, and improving profitability, many real estate lenders face sleepless nights. In thisRead more
And how to execute an innovative appraisal management strategy.Read more
Appraisal Management Platform Honored for Technology InnovationRead more
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 forRead more
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
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 consumers moving out of cities and into rural and suburban areas was accelerated by the COVID-19 pandemic as individuals and familiesRead 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