Appraisal management software provider Anow is partnering with the Business Association of Real Estate Appraisers (BAREA) to make Anow’s technology available to the association’s members.
Anow’s appraisal technology platform streamlines a wide range of everyday appraisal processes while offering business insights to help appraisers compete in today’s digital environment. It gives appraisers a single point of access to manage orders and fees from various sources and collaborate with appraisal teams, AMCs and lenders.
The platform bundles order tracking, job assignment, collaboration and scheduling tools, allowing appraisers and administrative staff to save time, assign appraisals more easily, and deliver exceptional service to clients and mortgage lenders from any Web-enabled device.
It also offers advanced reporting that enables business owners to better manage fee competition and turn times.
BAREA is the Canadian analogue to the American Society of Appraisers (ASA) or National Notary Association (NNA).
“BAREA empowers appraisal companies by giving them access to beneficial professional partnerships and better business tools,” says Natalie McDonagh, spokesperson for BAREA, in a release. “Equipping BAREA members with access to Anow’s digital appraisal management platform will strengthen their competitiveness by reducing the time and cost of producing an appraisal while facilitating the delivery of top-tier service to customers and mortgage lenders.”
McDonagh says that as more appraisals are administered by appraisal management companies (AMCs), the profit margins of appraisal firms are being compressed to critical levels.
However, Anow’s technology holds the potential to help reverse that trend by giving independent appraisal firms access to process efficiency tools that will enable them to take on more business while reducing their workload.
“Immediate business efficiencies are possible with BAREA members using the same collaborative software platform,” McDonagh says. “The ability to share best practices and benchmarking data gives our members a tremendous advantage. There’s never been an appraisal partnership like this.”