AppraisalWorks, a provider of real estate appraisal technology, recently announced its AppraisalWorks appraisal management platform was verified by Freddie Mac, and added to the company’s list of software partners, according to a press release.
Real estate lenders who leverage the AppraisalWorks appraisal management platform for Freddie Mac’s new ACE+ PDR (automated collateral evaluation plus property data report) offering receive quicker turn times, mitigation of risk, reduced cost and the advantage of a robust panel, ready at your fingertips to fulfill orders, the release stated.
And for lenders already utilizing AppraisalWorks appraisal management technology, they can continue to benefit from streamlining administration of all real estate appraisal services, including management of vendor panels, onto one single platform.
“AppraisalWorks supports all aspects of appraisal modernization from the new ACE+ PDR offering to desktop and hybrid appraisals in addition to traditional appraisal products, evaluations and valuation solutions including AVMs,” Ben Wiant, vice president of AppraisalWorks, said in the release. “With AppraisalWorks, lenders will find the right valuation product for their specific need each time and a diversity of available vendor options to choose from, or, if a lender prefers not to manage their vendor panel, there is the option to utilize one or more of the growing number of appraisal management and inspection services companies available on the AppraisalWorks platform.”
Benefits of using the AppraisalWorks platform include real-time communications, on-demand access to appraisal information and complete transparency throughout the appraisal process.