HousingWireHousingWire
AssetVal, a provider of real estate valuations, has partnered with artificial intelligence (AI) company Restb.ai to integrate computer vision technology into its broker price opinion (BPO) process.
The collaboration aims to enhance the accuracy and consistency of property valuations by using AI to assess property conditions and quality.
BPOs, often used in real estate transactions and lending decisions, can vary due to subjective assessments by different agents. By incorporating Restb.ai’s image analysis technology, AssetVal seeks to reduce discrepancies and improve the reliability of BPOs.
“At AssetVal, we’ve built our reputation on delivering high-quality valuations – and BPOs are no exception,” said Tami Rund, CEO of AssetVal. “Restb.ai’s AI solutions allow us to validate property condition and quality more consistently to improve BPO accuracy, giving our clients greater confidence in every price opinion we deliver.”
The AI integration will automate portions of AssetVal’s valuation process, helping to improve consistency in property condition assessments. Leaders said this will enhance accuracy by ensuring comparable properties are more closely matched and reduce valuation inconsistencies in high-volume appraisal environments.
“AssetVal is setting a new standard for BPO quality,” said Tony Pistilli, president of valuation at Restb.ai. “By embedding our computer vision capabilities, they’re enabling their broker network to focus on valuation insights instead of subjective image review, all while improving consistency across the board.”
