Appraisal modernization can optimize the loan origination process by enhancing overall efficiency. By eliminating the requirement to personally gather data, the focus can shift towards more comprehensive property analysis. Implementing appraisal modernization presents an opportunity to streamline and update the appraisal workflow, enabling faster completion of appraisals and potentially increasing overall productivity. This modernization can benefit various stakeholders involved in the loan origination process, including Lenders, Appraisers, and AMCs.
Out of all these solutions, here’s what lenders found most valuable:
Source: https://www.fanniemae.com/research-and-insights/perspectives/lenders-see-considerable-value-appraisal-modernization
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