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How AI will transform the mortgage and appraisal industries

Housing Wire

With AI’s capacity to perform complex reasoning and manage autonomous operations, it is critical to explore how this technology can reshape industry standards, enhance operational efficiency, and how we as an industry manage its inherent risks. One prevalent myth suggests that AI will replace human appraisers entirely.

Appraisal 414
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Overcoming 2023’s biggest appraisal challenges

Housing Wire

Both types of initiatives are important, but no one seems to be talking about how we can get more production out of our current set of appraisers. The quickest way to ensure a faster appraisal process is going to be to learn how to work with valuation providers as partners in the process rather than the way most appraisers feel, adversaries.

Appraisal 382
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Clear Capital expands its partnership with ValueLink

Housing Wire

Real estate valuation technology company Clear Capital announced on Wednesday that it has expanded its partnership with ValueLink , a valuation management platform, to offer better support for appraisal modernization policy changes. Clear Capital is a national real-estate valuation technology company.

Valuation 382
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Overhauling the Appraisal Process

DataMaster

Replacing the old process with the new! Is it time to overhaul the appraisal process? By now, most appraisers have read the Request for Information (RFI) published by the Federal Housing Finance Agency (FHFA) on December 28, 2020. Appraisal Modernization. Many appraisers share Horn’s concerns.

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How is the industry adapting to desktop appraisals?

Housing Wire

We have been very active in hybrid appraisal pilots and we have seen the benefit of providing accurate, digital data about the property to the appraiser, which has been crucial to adoption. Like every new process, education, training, and technology are key to success.

Appraisal 370
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Clear Capital acquires Finnish digital floor plan firm

Housing Wire

Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The two are well acquainted – Clear Capital already utilized CubiCasa’s digital gross living area technology.

Valuation 382
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The risks and benefits of non-traditional appraisal methods

Housing Wire

Over the years the real estate appraisal workforce has experienced a shortage and has fallen behind to attract new entrants to replace those retiring due to high barriers of entry such as training, cost, and licensure regulations. HW: How and why has appraisal management technology evolved over the past year?

Appraisal 392