CoreLogic, a leading global property information, analytics and data-enabled solutions provider, announced the release of Appraisal Xcelerator, a digital appraisal appointment scheduling solution that can be incorporated into the Collateral Management System (CMS) or leading appraisal management platforms, the company announced in a release.
Appraisal Xcelerator is an advanced solution that streamlines the scheduling process for appraisals by seamlessly connecting lenders, borrowers, appraisers and real estate agents. Currently, the vast majority of appraisal appointments are scheduled by appraisers via phone calls or emails. This inefficient process often entails repeated attempts, missed calls and back-and-forth voice messages that can add days to the appointment process, the release said.
“Appraisal Xcelerator introduces the efficiencies of digital and mobile technology into appraisal scheduling: taking time and hassle out of the process,” CoreLogic Valuation Technologies Executive Devi Mateti said. “Shortening the scheduling interaction will reduce turn times, enhance the overall customer experience and bring the industry closer to digitizing the mortgage process.”
Using the Xcelerator application tool, the borrower or property contact can see available appointment dates and times on their Apple and Android devices and computers, and can select their preferences for the appointments. Similarly, the specified appraiser can accept or modify appointments and communicate directly with the borrower or contact, via text, voice or email.
CoreLogic is currently rolling out Xcelerator to its Valuation Solutions Group, FNC and Mercury Network clients. For lenders and appraisal providers who are currently part of the CoreLogic AppraisalPort, Appraisal Xcelerator is integrated into their collateral management system’s tool kit.