CoreLogic, a global property information, analytics and data solutions provider, announced its most recent tool: Appraisal Xcelerator, a digital appraisal appointment scheduling solution.
“Appraisal Xcelerator introduces the efficiencies of digital and mobile technology into appraisal scheduling: taking time and hassle out of the process,” said Devi Mateti, executive, CoreLogic Valuation Technologies. “Shortening the scheduling interaction will reduce turn times, enhance the overall customer experience and bring the industry closer to digitizing the mortgage process.”
The tool aims to streamline scheduling by connecting lenders, borrowers, appraisers, and real estate agents.
Current processes rely on phone calls, emails, and a separate scheduling system. In other words, it’s not very efficient.
That’s where Appraisal Xcelerator comes in.
Per a CoreLogic release: “Using the Xcelerator application tool, the borrowers or property contact (e.g. real estate agent) can see available appointment dates and times on their Apple and Android devices and computers, and can select their preferences for the appointments. Similarly, the specified appraiser can accept or modify appointments and communicate directly with the borrower or contact, via text, voice or email. Once the appointment has been set up, the borrower receives a confirmation of the appointment, complete with information on the appraiser who will be doing the inspection. Lenders have complete transparency into the appraisal cycle through a live tracking website.”
Originators are always looking to save time on administrative tasks and a new tool aims to do just that.