Valuation Workspace improves Appraiser and Reviewer productivity
Appraisers and reviewers using Profet can now launch the Valuation Workspace to work on a specific valuation assignment. Designed with input from numerous appraisers, the workspace is composed of different sections and sub-sections that emulate a typical appraisal process. This allows for users to freely switch to different sections to refer to information easily to use in their valuation analysis.Â
now includes public record sales to find non-MLS comps
Public records sale data is now available in Profet.ai, providing appraisers with a larger pool of comparables for property valuations. This increases Profet’s geographical coverage for sales comparables to cover areas where it is either hard or cost prohibitive to gain MLS access. In addition, appraisers can now find non-MLS sales such as for-sale-by-owner (FSBO) sales, auctions, direct arms-length transfers, and more. Users are in control to include/exclude the public record comps.Â
Profet.ai has strengthened its position as the most comprehensive valuation and review platform for the appraisal industry with this addition to its 300+ MLS coverage that was already at 94%-96% sale coverage.
Appraisal reports can now include custom addendums
Often appraisers need to include supporting documentation to corroborate the valuation that they arrived at. Such documents may include, property repair estimates, property income statements, appraiser license documents, property condition addendums produced from inspections, etc. Appraiser’s can now include any number of such addendums within valuation reports.
introduces comprehensive marketing automation
Prospektr has launched marketing automation that puts lead nurturing on auto-pilot. Periodic subscription-driven emails are sent to users containing highly personalized content such as listing recommendations, financial strategies, and so on.
The emails can also be co-branded with agent and loan officer information to drive CTAs directly to their websites or social pages. Email open rates and click-through rates are tracked to classify and qualify the leads.
See what’s new in Prospektr
Featured Properties
Agents can now choose specific properties to be “featured” in their market areas. Prospektr will present them at the top of the list similar to “Sponsored Results” on Google search. Selection of featured properties can also be set up based on rules such as rebate rate, listing type, search type, etc.
High Speed Sorting
Extensive sorting features allow buyers to perform property research their way. Combining the extensive filters in Prospektr with flexible sorting, buyers can now find the properties that best fit their research strategies.
Lead Dashboard
Agents and loan officers have better lead management capability through the client dashboard that was recently upgraded. Agents and loan officers can now see both verified and unverified users on their Clients Dashboard, helping them to take appropriate follow up action and efficient lead tracking.
New Insights Launched.
- A new Home Valuation Model to improve the valuation accuracy that will normalize comparable properties with respect to the subject properties like paired sales and regression model
- NLP based information extraction from listing data to improve property searches on all our platforms - Profet, Prospektr, and valuation models
Upcoming Insights
Here are some of the new insights ready to roll out soon:
- Derive geographical value boundaries which can show neighborhoods with similar property values. This helps appraisers and agents find comparable neighborhoods within a town to find comps efficiently
- Improve accuracy and reliability of home value prediction by introducing Confidence Score and Forecast Standard Deviation in the Home Value Prediction model
Real Estate Data Enhancements
- Listings History has been optimized to conserve storage and also provide a sub-second history searches integrated with 15 years of deed history.
- Listing events has been improved using relevant timestamp information like Pending Timestamp, Withdrawn Date, Offmarket Date, Onmarket Date, Price Change Timestamp, Status Change Timestamp etc.
New API Enhancements in Production
- Granular access control policies for sets of APIs and/or specific APIs allow for easier auditing and securing the data.
Upcoming Enhancements in APIs
- Ability to control the amount of data returned on each API call or a sequence of API calls.
New MLS Markets Added
Few new MLSs were added during the last three months, see the list of recently added MLSs below:
Colorado
Royal Gorge Association of Realtors MLS
Massachsetts
Cape Cod Islands Association of Realtors
Nebraska
Great Plains Realtors MLS
North Carolina
Highlands Cashiers Association of Realtors
Tennessee
Great Smoky Mountains Association of Realtors
River Counties Association of Realtors
Texas
Rio Grande Valley MLS
Washington
Spokane Association of Realtors
Disclaimer: All logos used in this representation are the property of the respective MLS
Press Releases
PropMix Launches Profet Review to Automate Appraisal Reviews
Published on: September 8, 2022
United Robots and PropMix Partner to Automate Real Estate Content Generation
Published on: July 21, 2022
PropMix Opens New Office in India
Published on: July 4, 2022
PropMix Adds Building Plans to its Profet.ai Valuation Platforms
Published on: June 30, 2022
Market Insights
Inventory For Sale Down 20% in Washington Metro Area
Published on: September 30, 2022
Median Sale Price Up by 16% in Phoenix Metro Area
Published on: September 27, 2022
Home Sales Up by 15% Dallas Metro Area
Published on: September 19, 2022
Median Sale Price in all Metro Area
Published on: August 17, 2022
Change in Median Sale Price YoY in all Metro Area
Published on: August 10, 2022
Read our full coverage of market insights.
