The housing industry is always evolving and the appraisal industry is no exception! That’s why it’s imperative to understand not only to the latest policy shifts but also the latest updates in modernization as key stakeholders in the process continue to look for ways to streamline the process while still mitigating any risks involved. Read more
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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
And how to execute an innovative appraisal management strategy.Read more
Appraisal Management Platform Honored for Technology InnovationRead 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
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