Technology Corner

Looking ahead, Accurate Group CEO/President Paul Doman emphasized the next 12-18 months are "pivotal to staying ahead of the curve."

In Part II of our conversation with Doman, the company executive shared more insight on valuation technology and how lenders need to stay updated moving forward.

Read on for the conclusion to this story.

AURA, Clear Capital's artificial intelligence-driven collateral analyzer, now supports Uniform Appraisal Dataset (UAD) 3.6. The technological tool analyzes the risk assessment of appraisals in order to improve the quality and accuracy of 3.6 appraisals for lenders, appraisal firms and investors.

“In my view, lenders need to treat valuation technology not as a ‘nice-to-have’ but as a strategic enabler of speed, accuracy and risk control in today’s mortgage environment,” Accurate Group President and CEO Paul Doman told Valuation Review. 

In Part I of our feature with Doman, he shared insight as to how lenders can "stay ahead of the curve" to enhance modernization.

Read on to find out more of what we were told.

A phased onboarding of Quality Control (QC) Advisor Plus is underway and will be available to all lenders by year-end, Freddie Mac announced on Nov. 17, referencing its next-generation automation technology to streamline its Single-Family QC process.

“Instead of waiting until the very end of the loan cycle to order an appraisal, we collect property data very early on within the loan process, so that by the time the appraiser steps in, they’ve already got everything they need to make their analysis,” Reggora co-founder and CEO Brian Zitin told Valuation Review.

Zitin recently unveiled the company's "24-Hour Appraisal," which he calls "Streamlined Appraisal."

Read on for the full conversation with Zitin.

Clear Capital recently announced Angel Oak Mortgage Solutions' LLC, a nonbank wholesale and correspondent non-qualified mortgage (non-QM) lender, groundbreaking enhancement to its debt service coverage ratio (DSCR) loan program. This new technological enhancement incorporating Clear Capital’s Rental AVM marks an industry first.

More examples of artificial intelligence (AI) are surfacing to expedite matters. Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, recently announced that its AI Originator Assistant now performs collateral analysis alongside credit, income and asset reviews.

“I believe this is the ‘right time’ for major improvements in the appraisal profession,” Bradford Technologies CEO Jeff Bradford told Valuation Review.

In Bradford's article "It's the Right Time," the CEO primarily focused on the "right" or "wrong" time for appraiser adaptation to technological changes within the profession.

Read on for the full conversation with Bradford.

As technology continues to grow within the appraisal profession, it becomes even more paramount for appraisers to not stand idly by and watch progress pass them along the road to compliance.

The alignment between Class Valuation and Land Gorilla enables lenders to order or automate final inspections and appraisal updates directly within the Land Gorilla platform.