In a recent conversation with Dalila Ramos on Taco tuesday, ValueLink’s own Raveen Phifer discussed the latest tools and innovations in mortgage technology and appraisal. One of the key takeaways from their discussion was the importance of modernizing the appraisal process in mortgage technology.
Automation in the appraisal process is an urgent necessity; Slow turnaround times, inconsistent data, and limited visibility have long been pain points for Lenders, AMCs, and Appraisers, leading to inefficiencies and inaccuracies that can ultimately cost time and money.
But the good news is that companies like ValueLink Software are stepping up to address these challenges head-on. The appraisal process can be streamlined by leveraging technology and automation, reducing turnaround times and improving accuracy. This, in turn, can significantly impact the overall efficiency and effectiveness of the mortgage process.
When asked about its benefits for Lenders, Raveen said, “[ACE+ PDR and Value Acceptance + Property Data] allow for quicker turn-times, lower appraisal costs, and more automated and accurate appraisals. I believe ACE+ PDR and Value Acceptance + Property Data are immensely powerful solutions that give vendors like us the opportunity to benefit both lenders and borrowers.”
Watch the full episode: