Technology eases our professional life considerably. In the case of appraisers, technology is really changing the appraisal management. The process of writing a commercial appraisal is complicated; practically, one must determine the exact value of the property, as well as its potential to qualify for a loan. All this is based on thorough research of documents, reports and often involves manually typing a lot of different information. Commercial appraisal reports have many pages that cannot sbe written using copy and paste, so it typically takes quite a while to deliver such a report.
Luckily, technological advances do not skip any business, and the commercial appraisal management benefits now from special commercial real estate appraisal software designed to help appraisers create reports more easily, accurately and also quicker than before.
Some people in this business afraid that technology will soon take over their jobs, but this is unlikely, unless someone invents a computer able to discern between good information and false information. As such, let`s talk about the benefits of technology in the commercial appraisal management.
Automated reporting technology increases the efficiency of appraisers with up to 30%. The necessity of post-production review is now eliminated, additional information can be inserted easily, while wrong information can be found and removed from the report, with a few clicks.
First Posted on: How Technology Is Changing The Commercial Appraisal Management
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