AppraisalWorks Expands Presence Among Michigan Banks

AppraisalWorks, a provider of real estate appraisal technology, is the technology powering Ohio Bankers League (OBL) Valuation Analytics’ expansion into Michigan. As the exclusive appraisal management technology platform to OBL for the past two years, AppraisalWorks has become the platform of choice for Ohio regional and community banks. The technology is now being rolled out in Michigan and is expected to provide banks with a turnkey platform for improving efficiency, visibility and agility across the full appraisal management process. Banks cite ease of use, on-demand scalability and flexibility in supporting both in-house and outsourced appraisers as key differentiators in choosing the platform.   

The AppraisalWorks platform is designed to streamline the real estate appraisal process, helping lenders, servicers and appraisal management companies (AMCs) achieve lower costs, faster turn times and greater transparency. The technology platform is patented under U.S. Patent 10,635,999. 

“After seeing the success of AppraisalWorks among Ohio banks, we realized the potential the platform has to become a state-wide standard across other states, and Michigan quickly signed up to participate,” said Mike Cullen, CTO of AppraisalWorks. “AppraisalWorks is designed to be collaborative – bringing together all stakeholders in the appraisal process to improve efficiency, turn times and accuracy. The onboarding process is fast and easy, helping banks quickly benefit from scale and enterprise-level technology without a huge upfront investment.”