Incenter Appraisal Management has released RemoteVal, a tool it says will streamline the appraisal process.
“We’re excited to launch this solution at a time when strong homebuyer demand and an impacted appraiser population are putting new pressures on profits, costs and service for the whole mortgage industry,” said Mark Walser, president, Incenter Appraisal Management. “RemoteVal creates a whole new class of appraiser-centric inspection technology that shortens the process while meeting the stringent accuracy guidelines that appraisers must follow. We believe that in time, it will become the de facto standard for how remote appraisals are done and move the industry even closer to the realization of the digital mortgage process.”
The company said the new tool is currently being piloted nationally. Appraisers can use the tool to complete reports from their desks, but a homeowner or another individual must be at the property while they are conducting an appraisal.