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Appraisal Data Unchained
Monday, August 20, 2012
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The influence of data and technology has improved our personal lives and our businesses in many ways. For the residential real estate appraiser, many of the technological improvements are actually driving new, more sinister phenomena: form-filling instead of in-depth analysis and scope elasticity. Many appraisers are also seeing a significant increase in number of questions, requests for follow-up information or further explanations and various other customer service type considerations. 

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Appraiser meets review machineSubscriber Access OnlyAppraiser meets review machine
The buzzword making its way through the industry is “exception processing,” according to King. Essentially, this new appraisal review technology can cut through the clutter and get right to the troubled areas. Appraisal reviewers won’t have to read through four, five or six pages to find a problem. The problem will be presented to them via the software and then the human appraisal reviewer is able to investigate from there. 
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DataQuick announced a big move into lender services space with the acquisition of Rels Title. The data solutions provider had been slowly moving in this direction after TPG Capital acquired it in January 2011, and this purchase expands DataQuick’s capabilities to serve its growing list of national lending customers. The transaction is expected to close within 30 days. 
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