Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation4

Technology Corner

ATTOM, restb.ai form alignment to improve appraisal reports

Email A Friend Printer Friendly Version
0 comments
Technology Corner
Monday, October 16, 2023

As far as photos rounding out inspection and appraisal reports, many real estate professionals would argue those pictures can have an even higher value. Given that, restb.ai is teaming up with ATTOM to ensure that their users’ real estate reports are as precise as they can possibly be, according to ATTOM.

Angel Esteban, the founder of restb.ai, in searching for a home, learned that the quality of listings could vary widely and that the listing photos he relied on to tell him if a property was a good match for his needs couldn’t be trusted to tell the full story.

While Esteban eventually did find a home that suited his family’s needs, he knew there had to be a better way.

“He wanted to find a way to provide information about available properties that was more user-centric, rather than being so focused on the listing itself,” Leonardo Giacomet, a senior product manager for restb.ai, said in the ATTOM article posted on the company site.

Soon after, Esteban began talking about his experience with eventual co-founder, Xavi Hernando, both experts in the field of artificial intelligence (AI.) They quickly realized the wealth of untapped data that was available from listing photos and how recent developments in computer vision and AI could turn the home-buying experience on its head.

restb.ai started out only focusing on compliance data. For example, their technology could determine if an MLS photo had a watermark on it that violated its use standards. However, since then, restb.ai’s abilities have grown significantly.

“We can now track over 700 data points from images,” Giacomet said. “We can tell if a kitchen is L-shaped, has hardwood floors, as well as its overall condition and quality in a matter of seconds. Previously, you could only do that with a human reviewer, and it would take much more time.”

In partnering with ATTOM to enhance the quality of inspections and appraisals, restb.ai uses AI’s capabilities to automatically review appraisal and inspection photos. Then, using the data it extracts from those photos, it can populate appraisal and inspection reports in a fraction of the time it would take an inspector or appraiser to do the same job.

To illustrate how both sources can work together, Giacomet said combining photo insights with other data sources can help one understand not only the size of the basement, but also whether it’s finished, if it has a low ceiling, or even if certain equipment is present, like a sump pump or furnace.

To the team at restb.ai, ATTOM was the ideal partner to help them unlock more information from these photos. restb.ai primarily leverages tax assessor data from ATTOM to auto populate real estate tax information for every property. However, by combining image insights and tax assessor data, restb.ai is also working to enhance the quality of existing appraisal and inspection reports.

“We also can use our models to tell the appraiser, lender or other user about potential inconsistencies,” Giacomet said. “We can say, ‘Hey, the public record says one thing, but the picture tells a different story.’ Restb.ai technology alerts the user that they need to take a second look to ensure the quality of the report.”

 

Today's other top stories
NAA ‘Appraiser of the Year’ speaks to appraisal topics, business ownership
A guide for appraisers to utilize new reports
Cotality: Case-Shiller Index records February gain
Aivre, Restb.ai combine efforts for time-saving appraisals
Mortgage application payments dropped in March


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
Please enter a comment.
CAPTCHA Validation
CAPTCHA
Code:
Please enter the word displayed in the image above. Please enter the word displayed in the image above.
: 
Please enter your name.
: 
Please enter your email address.
This field must contain a valid email address.
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 526 times.

Print Edition - May 12, 2025

News by Topic   In-depth Reports   Events   Subscribe
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
 
 
Expanding Your Appraisal Business
2025 State of the Industry
2024 Voice of the Appraiser
2024 Appraisal Technology
Marketing Your Business
Appraisal Bias
Archives
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
News by Edition   About   Other Publications    
March 31, 2025
April 14, 2025
April 28, 2025
May 12, 2025
Archives
 
Valuation Review
Contact / Editors
Social Media
Advertise
Request a Media Kit
Are You An Expert?
Subscriber Agreement
 
Dodd Frank Update
RESPA News
The Title Report
The Legal Description
   
Copyright © 2002-2025 Valuation Review
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.valuationreview.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> RESPA News
> The Title Report
> The Legal Description
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store
Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
RESOURCES
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
Sponsored Content
Current Edition
April 14, 2025
March 31, 2025
March 17, 2025
March 3, 2025
Archives
Expanding Your Appraisal Business
2024 Voice of the Appraiser
2025 State of the Industry
2024 Appraisal Technology
Marketing Your Business
Real Estate Compliance Outlook
Appraisal Bias
Finding & Training the Next Gen
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
CFPB's Shake-Up & Its Impact
Technology Series
2025 Economic Outlook Series
Securing Your Cyber Network
Appraising Office Space Today
Compliance Series
Manufactured Housing
Eminent Domain
Keys For Operational Efficiency
Drones Do's and Don'ts
How to be an Expert Witness
Webinar Archives
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
Social Media
Valuation Review
Contact Us
Advertise
Request a Media Kit
Are You An Expert
Subscriber Agreement