Restb.ai, a global firm specializing in computer vision and artificial intelligence solutions for the real estate industry, recently announced Tony Pistilli is its new general manager of valuations.
With over 30 years of executive-level real estate valuation and lending experience, Pistilli will play a vital role in expanding Restb.ai's reach in the valuation and appraisal industry, as well as fostering relationships with lenders and related industry partners, the company said in a release.
“Thanks to his vast experience in real estate and valuation, Tony is uniquely equipped to tackle the challenges of incorporating new technology into the industry,” Restb.ai Chief Product Officer Nathan Brannen said in the release. “By leveraging Restb.ai’s cutting-edge computer vision and AI solutions, he will help us transform how valuations are completed and rapidly accelerate the pace of industry adoption.”
Pistilli will be responsible for providing direction to the application of Restb.ai's products and services for the valuation segment of the real estate industry, working with the product team to develop and expand the suite of offerings. Additionally, he will prioritize development initiatives and build industry relationships and partnerships to enhance Restb.ai's presence in the market.
Pistilli said he is particularly excited to work on computer vision projects, which he believes to be the most important technology and the biggest breakthrough opportunity for the real estate industry.
“AI (artificial intelligence) that can instantly and consistently analyze property photos is a game changer,” he said. “Accurately identifying property features and standardizing the condition, quality, and all other aspects of properties will significantly enhance valuation processes and improve valuation quality.”
Pistilli’ s extensive background includes working with national banks, mortgage companies, federal agencies, and leading appraisal management firms. He is a certified residential real estate appraiser in Colorado and Texas, and currently serves as chair of the Colorado Real Estate Appraiser Board and is an AQB (Appraiser Qualifications Board) Certified USPAP Instructor.
In 2011, he was the first recipient of the Valuation Visionary Award presented by the Collateral Risk Network at Valuation Expo.