Desktop appraisal... the very name is an artifact -- highlighting the distance the real estate tech/proptech sector needs to close on the innovation front. The related matter of appraisal modernization is a real and pressing concern, even beyond the Biden Administration's a task force to develop the Property Appaisal and Valuation Equity Plan (PAVE). The average age of appraisers is 50, a cohort that is 63.6% male who also happen to make over 50% more than female counterparts. Such disparities make it hard to defend when stories of disparate outcomes crop up -- like how "Wells Fargo Rejected Half its Black Applicants in Mortgage Refinancing Boom."
But I digress, for desktop appraisals, or as I call it "collective intelligence (human/machine) real estate valuations" can drive more transparent, objective appraisals. As you can readily conclude from my preferred term, I'm no branding expert, so for now, here's the "ultimate desktop appraisal FAQ"
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