Virtual Inspection Technology Helps Decrease Appraisal Turn-Times

Virtual Inspection Technology Helps Decrease Appraisal Turn-TimesCOVID-19, and its many restrictions that limited or prevented in-person inspections, created a need for virtual technologies in order to keep the real estate appraisal industry moving forward. However, these innovative technologies also proved to reduce valuation turn-times by providing an efficient way to secure required property data and photographs right from home.

Global DMS’ EVO™ appraisal management software, a next-generation technology that promotes a fully digital valuation process, provides such functionality via its Virtual Inspection Tool and robust AVM lineup that allow mortgage lenders, AMCs, and appraisers to provide compliant appraisals without ever setting foot on the subject property.

With EVO’s Virtual Inspection Tool, users can secure the required pictures of a subject property directly from its current occupant, who also answers pre-set questions about the property’s condition. The entire process is automated, secure, protects against fraud, and requires no additional work or oversight from those using EVO, who never have to leave the platform.

Likewise, EVO also ensures you have the data you need when you need it by providing direct access to industry-leading AVMs from within its unique Marketplace. This includes products from Black Knight® and Collateral Analytics™, which are designed to deliver accurate, timely, and cost-effective property value information right to your computer or mobile device.

Becoming more efficient starts with the right technology. For more information on EVO, or to see a quick demo, contact Global DMS® today at evoinfo@globaldms.com.

 

Topics: Lenders, appraisal technology, Appraisers, AMCs, Mortgage Companies, Global DMS, technology, cloud computing, Compliance, AVMs, Appraisal Process Management, Credit Union, EVO