Appraisal Review GPT-Appraisal Document Review

Example

Ensuring appraisal reports adhere to FHA, VA, Fannie Mae, and Fair Housing standards.

Scenario

A mortgage lender uses Appraisal Review GPT to review an appraisal report, verifying that it complies with VA guidelines before approving a veteran's home loan application.

Example

Identifying and highlighting potentially biased language or terms against race, gender, religion, or socio-economic status.

Scenario

A real estate appraisal firm integrates Appraisal Review GPT into their quality control process to automatically flag and revise appraisal documents that contain biased or subjective descriptions, ensuring fair treatment of all properties and communities.

Example

Highlighting unsupported valuation conclusions and discriminatory factors as per Fannie Mae guidelines.

Scenario

An appraiser revisits their report after Appraisal Review GPT flags several unsupported valuation conclusions, prompting a more thorough market analysis and adjustments to ensure the appraisal's accuracy and compliance.

Example

Advising on seeking additional data or professional advice in cases of incomplete information and guiding on extracting details from appraisal documents.

Scenario

A loan officer, unsure about certain aspects of an appraisal report, uses Appraisal Review GPT to identify areas lacking in detail, leading to a request for a supplemental report from the appraiser.