We are so proud to announce DGB’s latest portfolio company, AIVRE, and their groundbreaking AI-powered solution set to revolutionize the appraisal industry. AIVRE’s innovative platform is designed to transform property valuations with lightning-speed and eliminate bias, marking a pivotal moment in an industry that has seen minimal innovation since the 1980s.
AIVRE’s Mission: Modernizing Property Valuations
AIVRE’s vision is to disrupt the status quo by introducing cutting-edge technology that leverages advanced AI for property valuations. With a focus on precision, AIVRE ensures compliance with industry standards set by Fannie Mae, Freddie Mac, and USPAP, setting a new benchmark for accuracy.
Strategic Partnerships for Seamless Integration
One of AIVRE’s key strengths lies in its strategic partnerships, granting access to 95% of MLS’s locally and nationally. This integration ensures a seamless transition for appraisers, making it effortless to embrace this revolutionary technology while maintaining existing systems.
Addressing Industry Challenges with AI
AIVRE’s innovative approach not only enhances efficiency but also tackles critical industry issues. By harnessing the power of AI, the platform significantly reduces human error and the risk of racial bias in appraisal reports. The outcome is not just a faster process but a fairer and more precise valuation of properties. This contributes to increased operational efficiency and quicker “clear to close” times for borrowers.
Unprecedented Speed in Appraisals
What truly sets AIVRE apart is its lightning-speed appraisals. Generating the first outputs in an astonishing 8 minutes and 37 seconds, AIVRE outpaces the traditional timetable, which typically takes 45-70 minutes. As the platform continues to evolve, processing times are expected to get even faster, setting an industry standard for efficiency.
Embracing the Future of Appraisals
Appraisers can anticipate experiencing AIVRE’s transformative capabilities by the end of Q1 2024. AIVRE is not merely a product; it signifies a paradigm shift poised to redefine the appraisal landscape.
AIVRE represents a leap into the future of appraisals, harnessing technology to boost productivity, reduce errors, and establish a more equitable valuation process. The appraisal industry stands at the precipice of a technological revolution, and AIVRE is at the forefront, ready to usher in a new era of efficiency and accuracy.
At DGB, we are thrilled to support AIVRE’s mission to reshape the future of property valuations. Stay tuned for more updates on this exciting journey as we continue to invest in innovative companies driving change in their respective industries.
More info at: https://www.aivre.com