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Walker & Dunlop Apprise

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AppraisingRocks

Freshman Member
Joined
Feb 19, 2020
Professional Status
Appraiser Trainee
State
New York

"Apprise will eliminate the outdated, manual processes that plague the multifamily valuation industry. The new company will employ machine learning to provide a more objective, consistent, and transparent FIRREA-compliant multifamily appraisal delivered in as little as five days."

What does everyone think about this new company?
 
AVM. FIRREA-compliant likely just refers to the deminimis. Unlikely that that any significant multi-family properties will be much below deminimis of $400k.
 
Interesting but that modernize flu bug seems to be going around. Do they specify the geo market they are attempting to disrupt?

“What sets Apprise apart from the competition is that our technology is designed to accelerate 80 percent of the appraisal preparation process,” said Teun van den Dries, Founder and CEO, GeoPhy. “This automation eliminates the issue of human error and resolves data discrepancies on behalf of underwriters and borrowers. In addition, GeoPhy’s Automated Valuation Model (AVM) complements the traditional valuation methods in Apprise to give appraisers an extra layer of validation against outlier results.”

“The innovative solutions we’ve built have allowed us to recruit some of the most respected talent in the appraisal industry, including Meghan Czechowski, MAI, previously the national multifamily practice leader at Cushman & Wakefield, and Amanda Cooper, MAI, formerly Colliers’ Florida multifamily practice leader,” said Brad Savage, MAI, CCIM, Chief Product Officer, Apprise. “These trusted veterans are attracted to Apprise because they want to bolster their expertise with the industry’s best technology and data platform, allowing them to allocate more time to draw conclusions and advise their clients.”

"Focused exclusively on the U.S. market, Apprise currently covers more than 30 states and is targeting nationwide coverage by the summer of 2020. As the nation's multi-trillion-dollar multifamily market continues to reach new heights, Apprise represents a tremendous growth opportunity for an industry-changing multifamily property appraisal solution."
 
I think descriptions like ... plague, outdated, more objective...
just another advertising ploy
to include Investment Property into the s*i# stew.
 
More like Appraisal in a can !!
 
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