CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced the release Appraisal Xcelerator™, a digital appraisal appointment scheduling solution that can be incorporated into the Collateral Management System® (CMS) or leading appraisal management platforms.
Appraisal Xcelerator is an advanced solution that streamlines the scheduling process for appraisals by seamlessly connecting lenders, borrowers, appraisers and real estate agents. Currently, the vast majority of appraisal appointments are scheduled by appraisers via phone calls or emails. This inefficient process often entails repeated attempts, missed calls and back-and-forth voice messages that can add days to the appointment process.
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.
CoreLogic is currently rolling out Xcelerator to its Valuation Solutions Group, FNC and Mercury Network clients. For lenders and appraisal providers who are currently part of the CoreLogic AppraisalPort®, Appraisal Xcelerator is integrated into their collateral management system’s tool kit. The company is also marketing it directly to banks, mortgage companies and AMCs interested in streamlining their processes.
“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.”
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
CORELOGIC, the CoreLogic logo, Appraisal Xcelerator, Collateral Management System and AppraisalPort are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries