Walker & Dunlop, Inc. and GeoPhy have launched a new appraisal company called Apprise. Apprise will employ machine learning to provide a more objective, consistent and transparent multifamily appraisal delivered in a timeline of five days or less in select markets.
The multifamily valuation endeavor will combine Bethesda, Maryland-based Walker & Dunlop’s industry knowledge with New York-based GeoPhy’s data science and analytics technology. As the nation’s multi-trillion-dollar multifamily sector continues to reach new heights, Apprise will put information in owners’ and operators’ hands sooner, while also benefiting real estate investment firms and lenders who can use the shorter underwriting and appraisal processing timelines as a competitive advantage.
