Appraisal managers always playing “catch-up”
If you work in the appraisal department at a bank, what keeps you up at night? In talking with job managers and chief appraisers, one concern is under-staffing. A few people handling a ton of things. Ordering appraisals, dealing with loan officers, talking with reviewers and making sure bank policy is followed. High appraisal volume spikes can add to the workload stress.
What got you here won’t get you to the future
Sometimes stress comes from lack of control. Not knowing exactly where each appraisal is in the pipeline. Bank appraisers should have audit trails that create transparency when an appraisal goes sideways. Having a platform that doesn’t properly document the process can cause a lot of stress. But what would an automated workflow really give you?
What appraisal managers say…
“I was overloaded and working seven days a week and hadn’t taken a vacation in years. I was pressed for time, very stressed, always playing “catch-up” but never getting there. YouConnect has significant flexibility and an intuitive look and feel that was similar to how we worked before, but with much greater efficiency, and we didn’t lose anything in the transition!”
“YouConnect has allowed us to streamline our appraisal process with more flexible and responsive technology than some of the legacy systems out there without outsourcing to an AMC.”
“We were processing approximately 1,250 requests annually. Four years and several acquisitions later, we are processing over 5,200 requests annually and have not added staff in order to achieve management expectations. We have grown and YouConnect has grown with us.”
Add horsepower to your appraisal department
Have the right data at the right time for collateral decisions
5 Sample Reports – You can’t improve what you don’t measure
- Job Manager Assigned vs. Vendor Report Received
- Review vs. Review Due Date = Days in Review
- Reviewer Acceptance/Start to Review Completion Date
- Vendor Original Delivery Date vs. Review Delivery Date
- Report Returned to Vendor & Received from Vendor
Tools you need to do your job
- Integration and data
- Real-time reporting
- Connect other bank systems
- Custom reports
- Data collection map interface
Boxed-in with your current platform?
Many bank appraisers know when the time has come to implement robust appraisal management systems. Automated workflow gives managers immediate visibility into the activities being performed, allowing monitoring of work queues, identifying bottlenecks or problems and reallocating work for responsiveness to changing conditions.
YouConnect helps appraisers begin their journey to automation with confidence. Get rid of your dinghy. Get a ship.
