Early testing shows appraisers can save more than three hours per report and reduce revisions by nearly 30%, while maintaining the oversight needed to ensure valuations remain accurate and defensible, company executives said.
“I couldn’t be more proud of the tireless work of Jordan and the entire development team,” Lew added, referring to Jordan Lesson, Aivre’s chief technology officer, who led the development of the platform. “They have built a platform that combines AI innovation with strict regulations, supporting appraisers under the new UAD.”
Fannie Mae and Freddie Mac highlighted the platform’s potential to improve transparency and efficiency in home appraisals.
“We are excited to see solutions like Aivre support the new UAD residential appraisal report by driving data-driven innovation,” said Kenneth DeFeo, senior manager of single-family collateral risk at Fannie Mae. “Verification tools like these enhance appraisers’ expertise and help them produce consistent, transparent and efficient valuations.”
Daniel Miller, senior director of strategic technology relations at Freddie Mac, said the partnership with Aivre contributes to a continued focus on digital tools.
“(Tools) improve speed and efficiency, while enabling more reliable risk analysis and helping guide lenders’ data-driven underwriting decisions,” Miller said. “Aivre’s implementation of the UAD Compliance API within their platform will provide appraisers with valuable, early insight into these rules before the appraisal report is completed.”
#Aivre #launches #AIdriven #assessment #platform