Industry in Transition: A Digital Revolution in the Mortgage Lending Industry

August 30, 2017 • Financial

The mortgage lending industry is an industry in transition – how are you adapting to the digital revolution?

Have you considered the benefits of an automated valuation model to validate property value? The mortgage lending environment is quickly transitioning from a primarily paper-based one to a digital one, and automated valuation models are helping to make that transition easier.

Automated valuation models make determining property value easy. They can be accessed online, and you never have to wait for an appraiser. Furthermore, they are based on objective mathematical calculations – the human bias inherent in traditional appraisals just isn’t there.

Purview For Lenders has the tools that make validating property value easier – and faster – including an automated valuation model with data derived from POLARIS. You can find out more about this here http://purviewforlenders.com/automated-valuation-models-could-support-fully-digital-deals/.

At Teranet, we are dedicated to providing you with the most up-to-date, accurate property data available. Find out more at www.teranet.ca.

 

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