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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

  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

  If you’re frustrated by your appraisal management process, you’re not alone. Lenders often cite the appraisal process as one of the least predictable and least automated steps of the loan process. There are many reasons for this, but a big factor is whether or not you have the right appraisal management technology platform.Read 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