Collaboration integrates HomeVision’s AI-powered underwriting platform to accelerate appraisal processing, reduce cost per loan and help lenders prepare for UAD 3.6
CLEVELAND--(BUSINESS WIRE)--AppraisalWorks, a leading provider of collateral management systems, along with Accurate Group, a leading national appraisal management company (AMC) and provider of technology-enabled real estate solutions, today announced a strategic partnership with HomeVision, the industry leader in AI-powered review of valuation services.
The collaboration integrates HomeVision’s AI-powered review technology directly into the appraisal and valuation workflows used by lenders and operators. The partnership is designed to help accelerate processing, reduce cost per loan, improve quality and support lenders as the industry transitions to UAD 3.6.
Through embedded integrations and bundled review services, lenders and operators can access HomeVision’s AI-powered review capabilities directly within their existing valuation workflows and technology environments.
“We partnered with HomeVision because they’re fundamentally changing what’s possible in valuation review—bringing AI into a process that has traditionally been manual, time-consuming and ripe for transformation,” said Paul Doman, CEO of Accurate Group. “This partnership brings together the right combination of technology, expertise and workflow integration to help our clients move faster without sacrificing quality. By combining HomeVision’s AI-powered review technology with AppraisalWorks workflow technology, Accurate Group’s valuation expertise, we can help lenders lower costs, strengthen quality and identify potential risk earlier in the loan lifecycle - all while preparing for smooth, day-one transition to UAD 3.6.”
The added review layer can also help bolster lenders repurchase-risk strategies by identifying potential appraisal defects, inconsistencies and collateral concerns earlier in the loan lifecycle, giving lenders greater visibility into issues that could create risk downstream.
For HomeVision, the partnership expands access to its AI-powered underwriting platform, enabling more lenders and valuation operators to incorporate automated review directly into their existing processes.
“AI has the potential to fundamentally improve how valuation reviews are performed, but its greatest value comes when it is embedded into the workflows lenders already use,” said Jeff Foster, CEO and Co-Founder of HomeVision. “Our partnership with AppraisalWorks and Accurate Group brings that capability directly into the valuation process, helping lenders improve efficiency and quality while preparing for the industry’s transition to UAD 3.6.”
The collaboration further advances AppraisalWorks’ mission to give lenders access to leading collateral management technology and industry tools, and Accurate Group’s position as the leader in UAD 3.6 readiness. Together, the companies are helping lenders navigate the evolving valuation landscape with greater speed, efficiency and confidence, while improving readiness for what comes next.
About AppraisalWorks
AppraisalWorks is a cloud-based valuation management technology platform that enables lenders to order, manage, and analyze real estate appraisals and collateral valuations. Through its Community and Enterprise versions, AppraisalWorks improves process efficiency, ensures regulatory compliance, facilitates collaboration, and enables process automation – providing lenders with seamless valuation technology to reduce turnaround times, costs per loan, and improve the overall borrower experience. AppraisalWorks is patented under U.S. Patent 10,635,999. (AppraisalWorks)
About Accurate Group
Accurate Group provides technology-driven property appraisal, title data, analytics and digital closing solutions to banks, credit unions, servicers, non-banks and capital market firms nationwide. By combining modern process automation, accurate data and innovative SaaS and mobile technologies, Accurate Group offers clients the best combination of speed, quality, regulatory compliance and price. With Accurate Group, lenders and investment firms gain a strategic partner that helps increase revenues, lower costs, improve accuracy, and enhance compliance across all types of real estate transactions, including mortgage originations, home equity, refinancing, default servicing and real estate portfolio valuation. (Accurate Group)
About HomeVision
HomeVision is a leading provider of AI-powered underwriting technology for mortgage lenders, banks, and appraisal management companies. Its flagship platform, MIRA, brings together machine intelligence and human judgment to deliver transformational improvements in productivity, accuracy, and review quality across the underwriting process. HomeVision's MIRA platform can examine all aspects of an appraisal including all of the photos, maps, floor plans, and textual commentary. MIRA integrates with popular LOS and AMS platforms and external data sources like public records and MLS and can eliminates tedious and time-consuming cross-reference checks. Automation goes beyond simple consistency checks to fully examine photos and textual commentary, identifying specific issues and areas of risk for lenders. (HomeVision)
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