A free AI-powered market validation service and homeowner engagement features for loan officers
New York, NY / August 20, 2024/ – PropMix, a leading provider of AI-driven real estate and valuation solutions, announced today the launch of CompCheck.ai – a property value validation service using public record property sales combined with market tested and proven machine learning models.The CompCheck service provides loan officers a sales comparable report to assess a property’s contract value before taking any tangible next steps on a loan file.
“We expect loan officers to benefit from CompCheck for their value reconsideration and contract price validation requests”, said Brent Jones, Valuation Advisor at PropMix and a 30-year veteran in the valuation industry. “Loan officers can now assess the market for a property value and also engage homeowners early in the transaction process”.
In addition to the market validation service, CompCheck also includes property value and equity reviews for homeowners leveraging PropMix’s AVM models and nationwide mortgage data and insights. CompCheck’s automation features allow loan officers to provide periodic real estate position reviews to their clients.
In addition to the market validation service, CompCheck also includes property value and equity reviews for homeowners leveraging PropMix’s AVM models and nationwide mortgage data and insights. CompCheck’s automation features allow loan officers to provide periodic real estate position reviews to their clients.
“Our goal is to reduce the friction in the mortgage process as the industry modernizes”, said Umesh Harigopal, CEO and Co-Founder of PropMix. “CompCheck’s automation capabilities powered by the accuracy of our AI-models adds to our suite of offerings for the origination side of the mortgage process”. PropMix continues to innovate and augment business processes in the real estate industry by seamlessly embedding AI to improve efficiencies.
CompCheck.ai is ready to go for loan officers to sign up for free.
About PropMix.io LLC:
PropMix is the leading provider of the real estate and mortgage AI platform along with apps, insights and data to value, automate and make decisions. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, REALTORS® and investors. Built on industry open standards and with intuitive user experience, PropMix’s solutions for the appraiser and lender market empower users to seamlessly engage with data and insights to understand collateral risk, assess appraisal complexity, and make valuation decisions. PropMix was founded in 2016 and is headquartered in New York.
