More appraisers are using technology to fulfill appraisal orders, according to a recent survey conducted by ValuFinders Inc., a provider of valuation services to national lenders, brokers and government agencies. The survey also revealed a limited use of appraisal management companies (AMCs).
Survey results showed that 58% of appraisers stated that they use e-mail as the main delivery method of obtaining and delivering appraisal orders. From the remaining appraisers, 18% use an online service.
In addition, 40% responded that only one-fourth of their clients employ an online ordering system, while 32% answered that between one-half and three-fourths of their clients use them, ValuFinders says.
Finally, the company found that 56% of appraisers surveyed use AMCs for one-fourth or less of their business. Notably, 52% of all those surveyed do not foresee that percentage increasing in the future.