One of the AMCs who has been most active in the space has been Class Valuation who recently acquired the proptech company DataMaster, which built one of the nation’s most comprehensive multiple-listing service integration networks. With the acquisition, Class Valuation is looking to deliver a completely digitized appraisal process. The company’s CIO Scot Rose said that the end goal is not to replace appraisers, but instead to help them by giving them more useful tools that can drive efficiencies across the appraisal market.
Class Valuation has been leading the way in this department, as it launched a tool in 2019 called Property Fingerprint, which leverages machine learning to improve the way appraisers capture property data. More specifically, the platform’s automated formula uses photos of a property to provide accurate measurements through 3D scans and detailed floor plan models. Appraisers can then store and access all that data through the software, dramatically speeding up the process.
