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AIR System

Appraisal Intelligent Review, or AIR, employs appraiser based logic with Markov data models to automatically review all reports completed by CoesterVMS network appraisers. The two part process includes an initial validation of key fields on the report followed by nested analytics to ensure adherence to applicable FHA and GSE requirements as well as contextual review against other appraisals done by peers in the local market area.
 

Features:

  • Automated Rule Based Analysis of HUD and GSE guidelines
  • Process Based Review Module for Underwriting Staff
  • Condition Queue-Field Specific "Add to Cart" Style Feature 
  • Subject and Comparable Photo Comparison
  • Investor, State and Client Specifc Overlays
  • Appraisal Credential Verification through ASC Integration
  • Instant Analysis of Investor Exclusionary List Database
  • MLS Photo Authentication and Data Integration
  • Side by Side Comparison of Revised Appraisal Fields
  • Adjustment and Condition Comparison to Local Market Data
  • Federal, State and Regulatory Compliance Verification
  • Appraisal, Vendor and Client Specific Data Reporting
 

Clients receive a detailed breakdown of all logic employed by the system, as well as commentary from quality control staff in the event the system recommends further analysis. Director of Operations Jacob Guertin discusses the advantages, “I’ve found most lenders’ frustration regarding appraisal review derives from minor errors and variances from established guidelines resulting in multiple touches by underwriting staff. It’s almost humorous to put it that simply, but it’s true. The AIR system addresses both by increasing appraiser accountability without erroneously questioning their rationale. I feel we’ve developed a ‘win-win’ for both parties.”