Anow powered by Voxtur, an artificial intelligence (AI) optimized valuation platform for the global appraisal market, hit a major milestone with 2,000 appraisals processed through its exclusive express order program, which launched recently, the company announced in a release.

“Hitting milestones like this allows us to move the needle to help appraisers be more efficient,” Anow President Marty Haldane said in the release. “The express program helps appraisers and lenders to attain certainty and leverage insights by working smarter and faster.  We aren’t waiting for the GSEs to change policies in order to make appraisals more efficient. Instead, by working with a very select group of appraisers armed with this technology, everyone involved in the mortgage transaction benefits.”

The express order program leverages artificial intelligence to facilitate real-time mobile geolocation of appraisers and their upcoming availability. One example of this tool shows that in Houston, full 1004 and 1073 appraisals are completed in as little as two hours. AI-enabled automated reviews ensure these appraisals exceed every standard.  By comparison, the average residential appraisal takes over six business days to complete, and as long as a month in some markets, the company said. 

“We are thrilled to be able to deploy Voxtur’s unique AI to allow appraisers to compliantly execute appraisals with unparalleled efficiency as they navigate through their pipeline,” Voxtur President Jim Albertelli said.

“The Anow appraiser-first model reinforces the Voxtur vision of an on-demand ecosystem of the entire real estate transaction,” CEO and Chairman Gary Yeoman said.