Walker & Dunlop, Geophy start new appraisal company
Seeking Alpha | Liz Kiesche | Jan 21, 2020
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- Walker & Dunlop (NYSE:WD) and GeopPhy launch Apprise, a new company that will use machine learning to provide more objective, consistent, and transparent FIRREA-compliant multifamily appraisal in as few as five days, the companies say.
- Current methods of preparing appraisals can take up to three weeks to deliver and may include data inconsistencies and result in highly subjective valuation, according to the two companies.
- Focused on the U.S. market, Apprise currently covers more than 30 states and is targeting nationwide coverage by the summer of 2020.