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What AVMs can and can’t do in the appraisal process

Housing Wire

Further, Fannie notes, “Leveraging the wealth of big data, the power of advanced analytics, and the speed of technology, appraisers can perform desktop appraisals without physically inspecting the property.” AVMs don’t account for commercial influence. ” Amazing, right? What about AVMs?

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The current REO market requires an expansion of services for business growth

Housing Wire

Notably, property risk calls for thorough inspection, preservation, and maintenance to limit liability. Moreover, VRM Mortgage Services harnesses the power of its innovative, proprietary technology, seamlessly blending predictive modeling with AI capabilities. HW: What are the risk management challenges for REO assets? territories.

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations. It can also factor in the effects of local events like foreclosures and recent sales.

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Unleashing the Power of Robotics and Commercial Real Estate: What's in the Future?

Realty Biz

Modern robotics have become so advanced that they are transforming almost every industry on Earth, including the commercial real estate industry. On top of that, we will likely discover even more ways AI can transform commercial real estate over the next few years. However, we are still in the early days of the AI revolution.

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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill.

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Institutional SFR players are stuck in the doldrums

Housing Wire

Blackbird] then used its proprietary ‘lookback’ technology to access pre-renovation images of the homes from a multiple listing service and compare them with post-renovation images from the rental advertisements.”

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The Benefits of Digitizing Commercial Building Inspections (with Examples)

Enertiv

From the humble garden style property, to the trophy high rise, to the logistics fulfillment and distribution center, the inspection is a fixture of owning and operating commercial real estate. Inspections form the basis for prioritizing maintenance work and capital investments. Let’s dig into three real-world examples.