Walker & Dunlop, Geophy Launch MF Appraisal Company

Bethesda, MD-based Walker & Dunlop and New York City-based GeoPhy have teamed up to launch a new multifamily appraisal company called Apprise.

“By combining Walker & Dunlop’s deep industry knowledge, GeoPhy’s powerful data science and analytics technology, and the experience of a team of highly respected appraisal professionals, Apprise will eliminate the outdated, manual processes that plague the multifamily valuation industry,” Walker & Dunlop said in a press release.

Current methods for appraising multifamily assets have been in place for decades, and can take up to three weeks to deliver. Apprise will utilize machine learning to provide a more objective, consistent and transparent appraisal in as little as five days. The new platform will focus on the U.S. market and currently covers more than 30 states with a target of nationwide coverage by this summer.

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