ACI, a provider of workflow solutions for the valuation industry for nearly 40 years and a member of the First American family of companies, recently announced that ACI Sky, a digital quality control and compliance platform, is now integrated with Restb.ai, a leader in artificial intelligence (AI) and computer vision solutions for real estate, according to a press release.
The integration automates the detection of discrepancies within appraisals and identification of images that need editing prior to submission to an AMC or lender, according to the release. The technology also examines photo-based data to aid in analyzing the condition and quality of properties.
“Our AI-powered ACI technology solves two major pain points that AMCs and lenders face – inconsistency between the data and imagery in appraisal reports and the inadvertent inclusion of images containing personal details that should be edited out,” Chris Flynn, head of product and strategy at First American Data & Analytics, said in the release. “ACI Sky’s industry-leading appraisal quality control automation paired with the power of Restb.ai’s computer vision capabilities will reduce appraisal revisions, saving time and expense in the appraisal process.”
The new integration leverages AI to extract insights from images captured during the appraisal inspection process to identify inconsistencies in appraisal reports at the time of appraisal delivery, minimizing costly and time-consuming appraisal revisions.
Restb.ai’s technology also flags images that may require editing to omit personal or private details prior to submission to an AMC or lender.
“The combination of ACI’s deep experience in appraisal technology and quality control, combined with AI’s ability to analyze and extract insight from imagery, will enhance ACI’s industry-leading solutions, further automating the appraisal quality control process,” Restb.ai Valuations General Manager Tony Pistilli said.