Appraisal Management Platform Honored for Technology InnovationRead more
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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
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