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RealReports enhances property document analysis with new multimodal AI feature

Housing Wire

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. Proptech firm RealReports unveiled a new feature for its AI-powered assistant, Aiden, the company announced on Thursday.

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Desktop Appraisals – Yes, No, Maybe?

Appraisal Buzz

I started at the Department of Housing & Urban Development in a temporary position in the Valuation Branch in the Minneapolis field office. They include exterior and interior inspections, new construction, as-is and as-repaired and appraisals for a variety of uses within financial institutions.

Appraisal 195
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ACE + PDR: What does this mean to you, and what’s the future for appraisal data collection?

Appraisal Buzz

I provide short and long-term consulting services related to valuation, education, review, and investigations. Josh: Multiple developers have created inspection apps which scan properties and generate floor plans and 3D representations of the improvements. Buzz: What is your background in the industry?

Appraisal 360
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The current REO market requires an expansion of services for business growth

Housing Wire

Balancing supply and demand is a delicate dance between new construction and existing properties. Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. HW: What are the risk management challenges for REO assets? HW: How can REO asset managers keep costs low and improve margins?

Business 350
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When to Apply Extraordinary and Hypothetical Assumptions

Boston Appraisal

The person who appraises the property, the appraiser, physically inspects the property to measure it, take pictures of it, and make note of the condition and the quality of the construction. Oftentimes, appraisers face situations where a physical inspection alone may not provide all the relevant data required.

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Home Appraisal vs. Home Inspection

CP Home Appraisals

Isn’t a home inspection similar to a home appraisal? Not at all – an appraisal differs from a house inspection. Although the home appraiser will complete a rudimentary inspection of the subject property, it will be nowhere near as thorough as what a property inspector does. Do I need a home inspection as well?

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Appraisers: Pay Attention to Policy

Appraisal Buzz

Not so long ago, there were very few appraisers that knew about property inspection waivers. Who even knew about desktop valuations or evaluations? The GSEs implemented policy around the COVID-19 pandemic to temporarily allow for flexibility in reporting and inspecting/observing properties. How about PAREA and Fair Housing?

Appraisal 435