Appraisal Logistics has created a new version of its Property Vision appraisal inspection tool that allows appraisers to work with consumers in real time to get a better view of properties they are appraising.
PropertyVision Live is available now and offers a safe way to get accurate collateral valuations in the age of COVID-19, the company announced in a press release.
“Lenders embraced Property Vision because it allowed their appraisers to provide a more accurate opinion of value without putting the lender’s customers and appraisers at risk,” Appraisal Logistics CEO Frank Danna said in the release. “PropertyVision Live takes it to the next level by allowing appraisers to work directly with consumers through the technology to get exactly the images they need to complete their report, while keeping everyone safe.”
Like Property Vision, which was launched in August, the release stated that PropertyVision Live gives lenders fully compliant real estate valuations that are acceptable to agency investors and meet the GSEs’ guidelines for collateral valuation during the COVID-19 crisis.
PropertyVision Live allows appraisers to speak directly to consumers and view a live stream of the home as they take interior photographs of their home using any web-enabled device equipped with a camera and:
PropertyVision Live automatically collects geocoding information and other metadata to ensure that the photographs and videos are of the subject property and then makes them available to the appraiser.
Appraisal Logistics is a provider of high-quality appraisal management services, technology and compliance solutions for the residential/commercial mortgage industry.