PropMix Integrates with ACI to Deliver Appraisal Analytics via ACI Report

NEW YORK, NY / June 30, 2020 / – PropMix.io, a real estate analytics and artificial intelligence company with solutions for lenders, appraisers, and realtors, today announced an integration with ACITM, a member of the First American (NYSE: FAF) family of companies and leading solutions provider in the valuation industry for over 30 years, to deliver Market Conditions Advisor (MCA) via ACI’s appraisal software platform, ACI Report. The integration enables appraisers to access residential valuation data and insights seamlessly from the ACI Report platform.

MCA is a residential real estate appraisal analytics platform powered by curated real estate data and artificial intelligence. It provides single search access to listing data from any number of listing data sources and public record data including deep property history without having to download & import data from MLSs. Appraisers can easily generate an inventory analysis and include local market insights in their appraisal reports.

“We are excited to offer our appraisers a single integrated platform to research and pull real estate market data directly into ACI Report,” said George Opelka, general manager at ACI. “This integration begins our journey together to deliver PropMix’s growing analytics and AI capabilities to help appraisers increase their productivity.”

ACI users can now seamlessly launch MCA to perform market analysis, research property history, run inventory analysis, and make value adjustments. MCA also delivers fully automated image labeling using its AppraisalVision service. At the click of a button, data, insights, photos and charts are imported straight into the ACI form for the appraiser to complete and submit.

MCA is a rapidly evolving platform with new analytics and insights being introduced based on real world appraiser needs. “We are thrilled to integrate with ACI to deliver MCA via one of most ubiquitous appraisal platforms,” said Daniel Mancino, vice president of data solutions at PropMix. “MCA’s goal is to improve the accuracy, transparency and accountability of appraisals by augmenting the appraiser’s market insights. ACI customers can sign up here for an MCA account https://appraise.propmix.io/signup?source=firstam.”

To read more, visit https://www.appraisalbuzz.com/propmix-integrates-with-aci-to-deliver-appraisal-analytics-via-aci-report/

About ACI

ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empower stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly 40 years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies. For more information, visit http://www.aciweb.com.

About PropMix

PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York. http://www.propmix.io

PropMix Integrates with ACI to Deliver Appraisal Analytics via ACI Report

NEW YORK, NY / June 30, 2020 / – PropMix.io, a real estate analytics and artificial intelligence  company with solutions for lenders, appraisers, and realtors, today announced an integration with ACITM, a member of the First American (NYSE: FAF) family of companies and leading solutions provider in the valuation industry for over 30 years, to deliver Market Conditions Advisor (MCA) via ACI’s appraisal software platform, ACI Report. The integration enables appraisers to access residential valuation data and insights seamlessly from the ACI Report platform.

MCA is a residential real estate appraisal analytics platform powered by curated real estate data and artificial intelligence. It provides single search access to listing data from any number of listing data sources and public record data including deep property history without having to download & import data from MLSs. Appraisers can easily generate an inventory analysis and include local market insights in their appraisal reports.

“We are excited to offer our appraisers a single integrated platform to research and pull real estate market data directly into ACI Report,” said George Opelka, general manager at ACI. “This integration begins our journey together to deliver PropMix’s growing analytics and AI capabilities to help appraisers increase their productivity.”

ACI users can now seamlessly launch MCA to perform market analysis, research property history, run inventory analysis, and make value adjustments. MCA also delivers fully automated image labeling using its AppraisalVision service. At the click of a button, data, insights, photos and charts are imported straight into the ACI form for the appraiser to complete and submit.

MCA is a rapidly evolving platform with new analytics and insights being introduced based on real world appraiser needs. “We are thrilled to integrate with ACI to deliver MCA via one of most ubiquitous appraisal platforms,” said Daniel Mancino, vice president of data solutions at PropMix. “MCA’s goal is to improve the accuracy, transparency and accountability of appraisals by augmenting the appraiser’s market insights. ACI customers can sign up here for an MCA account https://appraise.propmix.io/signup?source=firstam.

To read more, visit https://www.appraisalbuzz.com/propmix-integrates-with-aci-to-deliver-appraisal-analytics-via-aci-report/

About ACI

ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empower stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly 40 years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies. For more information, visit http://www.aciweb.com.

About PropMix

PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York. http://www.propmix.io

PropMix releases HomeRun, a free tool for appraisers to gather interior property information while maintaining social distancing because of COVID-19

MANHASSET HILLS, N.Y., May 5, 2020 – PropMix.io, a leader in real estate data, insights, and solutions today announced the launch of the HomeRun – a digital mobile friendly solution that enables appraisers to collect property information and interior photos from homeowners using a secure platform and minimize their valuation risk.

The Federal Housing Finance Agency (FHFA), Fannie Mae, and Freddie Mac have recently announced many modifications to the appraisal requirements to deal with limitations of appraisal processes under the unprecedented circumstances imposed by COVID-19. One such modification obviates the need for interior inspections for certain mortgages. But lending institutions, appraisers, and appraisal management companies (AMCs) are eager to gather as much information and photos as possible to manage their valuation risk. PropMix.io developed HomeRun to address this need in the industry during the COVID-19 emergency.

HomeRun enables an appraiser to gather vital property information and photos from a homeowner in the most convenient, reliable, and secure manner while complying with the required social distancing guidelines. It also ensures that the homeowner provides the necessary attestation for the information provided. HomeRun is being offered for free to all industry participants in response to the COVID-19 situation.

“An appraiser can simply initiate an order with just the property address and the homeowner’s contact information,” said Daniel Mancino, VP of Data Solutions at PropMix.io. “The app walks the homeowner through a few simple steps to complete a form and upload photos which are validated against our nationwide public record data and geocodes.”

In addition to the validation of the location of the photos, PropMix.io is in the process of integrating HomeRun with AppraisalVision, their deep learning engine for image recognition, to improve automated guidance for homeowners. Such guidance will significantly decrease the time to gather information and also reduce the back-and-forth between appraisers and homeowners during the information collection process.

Visit homerun.propmix.io for more information and start using the tool now.

About PropMix

PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York

ClearBox and PropMix announce partnership to deliver Market Conditions Advisor (MCA) for the appraiser community

OCEAN CITY, MD / April 22, 2020 / – ClearBox, the leader in appraisal regulatory compliance and vendor management solutions, today announced that it has entered into a partnership with PropMix to expand its software platform to include PropMix’s Market Conditions Advisor (MCA), an Artificial Intelligence based appraisal analytics platform. This will enable residential valuation related insights to be easily accessible to ClearBox’s customers.

MCA is a residential real estate appraisal analytics platform powered by curated real estate data and Artificial Intelligence. It provides embedded access to listing and public record data including deep property history without having to download & import data from the MLS. Appraisers can easily generate an inventory analysis and include local market insights in their appraisal reports.

ClearBox’s clients will now have access to MCA from within the ClearBox compliance and vendor management platform with a seamless single sign-on. Appraisers can launch MCA to perform their market analysis and export the report into their favorite forms software. Lenders and AMCs in the ClearBox network now obtain seamless access to MCA to perform appraisal reviews.

“We believe that the lending community increasingly needs to leverage Artificial Intelligence to help automate and improve its processes,” said Joan Trice, ClearBox’s Chief Executive Officer. “PropMix’s MCA is a comprehensive appraisal analytics solution with builtin AI & image recognition and its addition to our platform helps us broaden our offerings to our customers.”

MCA is on a rapid growth trajectory enabling numerous features recommended directly by appraisers using it on the field. The latest such additions are regression based value adjustments and flagging of flipped properties which are already helping drive appraiser productivity. “Our goal is to augment the appraiser’s local knowledge and expertise with our data and insights to increase the accuracy, transparency, and accountability of the appraisals,” said Umesh Harigopal, CEO of PropMix. “As part of that journey, we are thrilled to be working with ClearBox to deliver MCA – our flagship product for the appraisal community.”

About ClearBox

ClearBox, LLC was founded to address the complex landscape of compliant processes and data management. The ClearBox suite of products offers solutions to all stakeholders – Appraisers,Real Estate Agents and Brokers, Lenders, Appraisal Management Companies and Regulators. ClearBox was founded in 2011 with headquarters in Ocean City, MD.

About PropMix

PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York.

Read more about Market Conditions Advisor (MCA) at appraise.propmix.io

ClearBox and PropMix announce partnership to deliver Market Conditions Advisor for the appraiser community

OCEAN CITY, MD / April 22, 2020 / – ClearBox, the leader in appraisal regulatory compliance and vendor management solutions, today announced that it has entered into a partnership with PropMix to expand its software platform to include PropMix’s Market Conditions Advisor (MCA), an Artificial Intelligence based appraisal analytics platform. This will enable residential valuation related insights to be easily accessible to ClearBox’s customers.

MCA is a residential real estate appraisal analytics platform powered by curated real estate data and Artificial Intelligence. It provides embedded access to listing and public record data including deep property history without having to download & import data from the MLS. Appraisers can easily generate an inventory analysis and include local market insights in their appraisal reports.

 

 

ClearBox’s clients will now have access to MCA from within the ClearBox compliance and vendor management platform with a seamless single sign-on. Appraisers can launch MCA to perform their market analysis and export the report into their favorite forms software. Lenders and AMCs in the ClearBox network now obtain seamless access to MCA to perform appraisal reviews.

“We believe that the lending community increasingly needs to leverage Artificial Intelligence to help automate and improve its processes,” said Joan Trice, ClearBox’s Chief Executive Officer. “PropMix’s MCA is a comprehensive appraisal analytics solution with builtin AI & image recognition and its addition to our platform helps us broaden our offerings to our customers.”

MCA is on a rapid growth trajectory enabling numerous features recommended directly by appraisers using it on the field. The latest such additions are regression based value adjustments and flagging of flipped properties which are already helping drive appraiser productivity. “Our goal is to augment the appraiser’s local knowledge and expertise with our data and insights to increase the accuracy, transparency, and accountability of the appraisals,” said Umesh Harigopal, CEO of PropMix. “As part of that journey, we are thrilled to be working with ClearBox to deliver MCA – our flagship product for the appraisal community.”

About ClearBox

ClearBox, LLC was founded to address the complex landscape of compliant processes and data management. The ClearBox suite of products offers solutions to all stakeholders – Appraisers,Real Estate Agents and Brokers, Lenders, Appraisal Management Companies and Regulators. ClearBox was founded in 2011 with headquarters in Ocean City, MD.

About PropMix

PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York.

Read more about Market Conditions Advisor (MCA) at appraise.propmix.io

Introducing Regression Adjustments in Market Conditions Advisor

PropMix has announced the release of the new Regression Adjustments feature in MCA for assisting Appraisers to find the impact of each property attribute on the home value.

Regression analysis helps Appraisers to quickly run value adjustments. Appraisers can find the best comps for the Subject Property, then make adjustments for differences in these comps to determine the value of the Subject Property.

 

 

The regression analysis is done on all the properties that the Appraiser filters for. The adjustments can then be made to the comparables selected. The weights on the comparables to calculate the subject property value can also be modified by the Appraiser to make the computation more accurate.

The Appraiser can fetch the Regression adjustments feature at the click of a button on the Value Adjustments page on MCA. Once the model is run, the impact of each property attribute on the home value is clearly identified. The Appraiser also has the option of viewing the regression model generated.

The Regression feature is one more in the list of recent releases to make MCA more convenient and productive for the Appraiser community.