Kiavi Selects AppraisalWorks™ as Appraisal Management Technology Partner, Implements Platform for Enhanced Operational Efficiency
July 09 2024 - 8:00AM
Business Wire
AppraisalWorks chosen to innovate and
streamline appraisal operations, improve profitability and increase
scalability while delivering a much-improved user experience
AppraisalWorks, a trailblazer in real estate appraisal
technology, today announced Kiavi, one of the largest lenders to
private real estate investors, has successfully implemented the
AppraisalWorks™ appraisal management technology platform to
streamline appraisal operations and improve profitability.
As Kiavi’s exclusive appraisal management technology platform,
AppraisalWorks is expected to add significant value from its ease
of use, on-demand scalability, and flexibility in supporting the
full appraisal management lifecycle.
“Kiavi strategically selected the AppraisalWorks platform to
elevate operational efficiency and foster innovation as we redefine
our approach to appraisal management,” stated Carl Polek, Director,
Strategic Initiatives. “The decision to partner with AppraisalWorks
underscores Kiavi’s commitment to excellence. Our integration of
the AppraisalWorks platform will position Kiavi to stay ahead in a
dynamic market by leveraging the latest advancements in appraisal
management technology, streamlining our appraisal process, and
providing visibility throughout the appraisal lifecycle.”
AppraisalWorks provides on-demand control over the entire
appraisal management process, addressing Kiavi's need for agility
and modernization through workflow automation. Using intelligent
process automation, AppraisalWorks’ business rules engine
automatically orders the correct valuation product based on the
risk profile of the borrower thereby reducing cost and collateral
risk. By leveraging AppraisalWorks' cutting-edge technology,
Kiavi’s goal is to eliminate inefficiencies caused by disparate
solutions in the marketplace, enabling a more efficient real estate
valuation process.
“This strategic partnership aims to revolutionize Kiavi's
appraisal operations, boosting profitability, scalability, and
overall borrower experience,” said Ben Wiant, Vice President at
AppraisalWorks. “AppraisalWorks' no-code/low-code architecture
allows us to reliably automate the complex, custom workflow
utilized by Kiavi, ensuring adaptable workflows without the
constraints of workaround solutions.”
The collaboration is expected to position Kiavi for long-term
success, aligning with its mission of delivering best-in-class
service, speed, and simplicity to its customers.
About AppraisalWorks
AppraisalWorks is a cloud-based valuation management technology
platform that enables lenders to order, manage, and analyze real
estate appraisals and collateral valuations. Through its Community
and Enterprise versions, AppraisalWorks improves process
efficiency, ensures regulatory compliance, facilitates
collaboration, and enables process automation – providing lenders
with seamless valuation technology to reduce turnaround times,
costs per loan, and improve the overall borrower experience.
AppraisalWorks is patented under U.S. Patent 10,635,999. Visit
www.appraisalworks.com to transform your valuation management
function from costly overhead to a competitive advantage.
About Kiavi
With more than $20 billion in funded loans, Kiavi is one of the
nation's largest private lenders to residential real estate
investors (“REIs”). Kiavi harnesses the power of data &
technology to offer REIs a simpler, more reliable, and faster way
to access the capital they need to scale their businesses. Formerly
known as LendingHome, Kiavi is committed to helping its customers
revitalize the approximately $25 trillion worth of aged U.S.
housing stock to provide move-in ready homes and rental housing for
millions of Americans across the country. For more information,
visit www.kiavi.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240709730583/en/
AppraisalWorks Correne Jackman Email:
cjackman@appraisalworks.com
Kiavi Rebecca Simanek Email: Press@kiavi.com