Pendo, a nationwide appraisal management company (AMC), has made enhancements to their Appraisal Review Tool, which is part of their proprietary technology solutions for appraisal management, the company announced in a release.
Pendo’s Appraisal Review Tool assists their quality review team in managing the process of checking each and every appraisal, ensuring reports are accurate, complete and most of all compliant. Among its enhancements, the tool now has over 100 automated checks, eliminating errors and redundancies in double and triple checking for missing or incorrect information, the release stated.
Within the automated checks there are several that perform subjective analysis, which impacts the number of revisions and lower CU scores. The finished outcome is a completed file that now shows the details and comments from the appraiser and Pendo’s quality review team.
“Managing hundreds of appraisals each day requires reviewing lots of details which can slow down the appraisal process, put quality and compliance at risk, or both,” Pendo Co-Founder Mike Peck said in the release. “The enhancements we made to our Appraisal Review Tool places automatic checks and balances into the quality review process while providing better outcomes and quicker files to our clients.”
Pendo’s quality and compliance efforts, according to the release, center on a configurable proprietary technology that allows each client to customize its quality control process according to its own unique requirements. Enhancements to major technology tools such as the Appraisal Review Tool are one of many steps the company continues to take in offering the most accurate, timely and compliant appraisals.