As businesses around the world continue to streamline their processes using advancements in technology, home appraisal services are doing their part to keep pace. With professionals ranging from real estate agents and brokers to investors and lenders increasingly relying on automation to accurately assess real estate data, Red Bell Real Estate, LLC, a subsidiary of homegenius Inc. and the Radian Company , offers 21st century appraisal solutions that take home price into account. estimates to a new level.
These appraisal services use revolutionary technology, including photo AI and computer vision, to take the guesswork out of assessing the condition of properties. By enabling automatic identification of attributes such as finishes, materials, updates over time, and condition, this new rating technology transforms the pricing process. Assessment technology uses machine learning and deep learning that analyzes data, identifies patterns, and refines conclusions based on new and changing data, reducing bias and enabling more accurate predictive modeling.
“Using proprietary technology, our valuation services are designed with unparalleled data coverage and next-level analytics to deliver unparalleled insights quickly and easily, giving real estate professionals the insights they need to take decisions about the price of a property,” said Steve Gaenzler. , senior vice president of product, data and analytics for Red Bell Real Estate.
Examples of this technology at work include the Radian Automated Valuation Model (AVM) which uses sophisticated modeling to quickly and accurately value virtually any single-family property in the United States, or the Radian Interactive Value (RIV ) that combines sophisticated automation and user-driven input to quickly provide price estimates. These allow mortgage lenders and investors to get the vital information they need when evaluating a home or portfolio. Red Bell also uses computer vision and sophisticated analytics in the Radian Home Price Index, or HPI, which is driven by artificial intelligence and machine learning, delivering results weeks ahead of other indexes.
Real estate agents and brokers can also use these impressive analytics, modeling and more in Geniusprice technology, a smart real estate pricing engine that makes the traditional Comparative Market Analysis (CMA) report obsolete. By combining advanced valuation automation with local real estate data in an innovative and exciting way, it enables agents and brokers to leverage this information and have more confident pricing conversations with their clients.
When it comes to the range of appraisal services, real estate professionals can be sure they are in safe hands with the homegenius family of companies. The collection of assessment services has a strong reputation for delivering fast and accurate results. For example, the Radian AVM has been tested, verified and approved by Fitch Ratings as one of only five approved AVM providers for residential mortgage-backed securities (RMBS) transactions.
Looking to the future, homegenius understands the importance of appraisal technology, offering uniquely comprehensive, user-friendly and accurate services to keep up with the changing needs of real estate professionals. As technology continually evolves, homegenius and Red Bell Real Estate plan to evolve alongside it and look forward to continued improvements.
Kade Clark, SVP of Digital Appraisal Products and Sales for Red Bell Real Estate, LLC, a homegenius company
Kade Clark manages the operations of the alternative appraisal services offered by Red Bell Real Estate, which include automated, interactive and hybrid appraisals.
Steve Gaenzler, Senior Vice President of Product, Data and Analytics for Red Bell Real Estate, LLC, a homegenius company
As head of the homegenius SaaS product organization, Steve Gaenzler leads and facilitates the roadmap and build of all homegenius SaaS products and the customer success teams that ensure value creation. Additionally, he leads the data and analytics teams focused on the development of advanced analytics and data products.