Over the recent years the GSEs have been adapting their policies to embrace appraisal modernization driven by data and digitization. The objective is to introduce efficiencies into the appraisal process – decrease turn times, deal with reducing appraiser capacity, and handle increasing mortgage activity without compromising on the risk in […]
PropMix has been developing various insights for valuation to empower the appraiser to produce accurate and transparent appraisals. Our latest addition is the determination of property orientation and corner/cul-de-sac locations and its influence on property values. The model also considers how such factors may contribute to property values in different […]
Challenges in extracting data from a PDF Appraisal Form We define Appraisal Digitization as the process of extracting structured real estate valuation data from various appraisal forms produced by appraisers and submitted to their clients. While these days most appraisals are in fact produced using forms software that generate a […]
Appraisal documents contain valuable information for analytics and decision-making at various steps of the mortgage process. Extracting and standardizing the data embedded in these documents is the first step but requires automation to avoid manual data entry. PropMix’s digitization solution uses image processing, OCR, and deep learning to process many common appraisal forms to […]