The days of tracking real estate appraisal assignment, fees, appointment dates, completed appraisal report, etc. in spreadsheets and emails are over. Tech-savvy lenders and borrowers are embracing innovative technologies and streamlined workflows to address the dynamic challenges of the real estate industry.
Appraisal management technology doesn’t just help lenders address current challenges – it allows them to transform the appraisal management function from a costly overhead to a competitive advantage.
Lenders embracing technology are able to respond to appraisal requests in a way that meets the borrower’s requirements faster and more efficiently than their non-tech-savvy counterparts, driving more business without sacrificing quality.
In this short guide to selecting the right appraisal management technology, we discuss:
- The core technology features to look for in appraisal management platform
- How process automation and technology eliminate administrative overhead, ensure continuous compliance and serve as a hub for collaboration and system alignment
- Tips for evaluating and selecting the right appraisal management technology vendor
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