Spend less time reviewing appraisals and correcting errors
Gone are the days of spending 45 minutes manually reviewing appraisal photos and hunting for compliance issues.
Thanks to CoreLogic’s transformative suite of appraisal review tools*, the mortgage industry’s traditional appraisal review process is about to step into the 21st century.
Our goal is to create a more data-driven, flexible, and dynamic reporting system, compliant with the latest MISMO Reference Model 3.6. These changes, which are mandated by the Federal Housing Finance Agency (FHFA) as part of the Uniform Mortgage Data Program (UMDP), are expected to be fully implemented by 2026.
With automated tools like Image Analytics and Word Search, our full suite of appraisal review tools is part of a broader initiative to update the outdated Uniform Appraisal Dataset (UAD) and redesign existing appraisal forms.
Discover CoreLogic’s Appraisal Review Tools
What is CoreLogic’s Suite of Appraisal Review Tools?
This isn’t just another tech solution – it’s a complete transformation of the appraisal review process. Whereas traditional reviews often require multiple staff members spending 20-45 minutes per report, these tools help streamline the entire process while supporting quality control measures.
The review suite system works within existing workflows and can be customized to match specific organizational requirements. As the industry moves toward more standardized, data-driven reporting for 2026, CoreLogic’s suite positions you ahead of the curve.
Image Analytics: Accelerating Appraisal Review
Our fully automated solution evaluates the content of appraisal photos, highlighting errors and allowing lenders to minimize manual mistakes within their operations.
Key features of Image Analytics include:
- Evaluation of photo content systematically
- Identification of common issues like missing signatures and mislabeled images
- Detection of property features such as solar panels with 99.2% accuracy
- Assessment of building condition and quality
- Reduction of photo review time from the typical 10-15 minutes per reviewer
Word Search: Ensuring Compliance and Objectivity
Word Search scans the entire appraisal form and addendums for subjective language and unsupported terms, highlighting them for further review. By identifying potentially biased language, Word Search helps lenders maintain the objectivity of their reports.
Key features of Word Search include:
- Scanning appraisal forms and addendums for subjective language
- Comprehensive search of the full appraisal report, including addendums
- Exclusion of names, addresses, and similar fields to reduce false positives
- Customizable search terms tailored to clients’ risk and compliance needs
- Rule alerts and simple navigation for flagged terms
- Precision search with added exclusion criteria
As the industry moves towards full implementation by 2026, lenders and appraisers alike can look forward to a more streamlined, data-driven approach to appraisal review. It all begins with CoreLogic’s full-suite of appraisal review tools, which are embedded within the full appraisal review experience encompassed by Valuation Workflow Solutions.
*The tools mentioned in this blog are not inclusive of the entire appraisal review suite offered in CoreLogic’s Valuation Workflow Solutions.
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