Stewart Valuation Intelligence and Restb.ai bring AI power to VALIDITY Pro inspection application, advancing appraisal modernization movement
13 Fevereiro 2024 - 1:00PM
Business Wire
In its continuous efforts to advance the appraisal modernization
movement in residential real estate, Stewart Valuation Intelligence
(SVI) is teaming up with Restb.ai to bring its market-leading AI
and computer vision technology to SVI’s VALIDITY, the company’s
family of inspection applications, optimized for iOS and
Android.
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the full release here:
https://www.businesswire.com/news/home/20240213128138/en/
Restb.ai, real estate’s leading AI-powered computer vision
solutions provider, will initially integrate its advanced
generative AI and computer vision software solutions into SVI
VALIDITY Pro, utilizing its latest technology to improve property
valuation quality. SVI services an extensive partner network with
more than 37,000 active appraisers, brokers and agents in the
field.
"By embedding Generative AI and computer vision directly into
VALIDITY, we are not just innovating; we are raising the bar for
the entire industry," said Aaron Fowler, President of Stewart
Valuation Intelligence. "Generative AI and computer vision will
significantly improve consistency in the valuation process,
ultimately enhancing the overall valuation. This technology
delivers a game-changing approach, ensuring that consistency in
valuations is not an ideal but table stakes," he added.
"By utilizing computer vision, we can improve turnaround times
while providing exceptional quality reports," said Matt Jenkins, VP
Valuation Services at SVI. "Integrating the newest technologies
drives the industry to adopt new ways to provide better quality and
service standards to clients."
Last summer, Fannie Mae announced it would use "image
recognition" to detect incorrect quality and condition ratings.
With SVI incorporating Restb.ai image recognition into their data
collection process, VALIDITY Pro will significantly expand the
reach of Restb.ai’s GSE-compliant image validation solution.
"SVI's reputation as an early adopter of transformative
technologies is well-earned,” said Nathan Brannen, Chief Product
Officer at Restb.ai, adding, “Their deployment of cutting-edge
solutions has consistently elevated industry efficiency. Our shared
vision for leading innovation and commitment to appraisal
modernization is not just about keeping pace but about setting the
pace. Integrating AI into the VALIDITY exemplifies our mutual
dedication to advancing the future of valuation.”
Tony Pistilli, General Manager, Valuations for Restb.ai, an
appraisal industry veteran and respected valuation expert, noted,
"Image recognition technology is proving to be a must-have tool for
everyone in the valuation chain, and SVI is leading the way.”
More information about SVI’s VALIDITY applications can be found
here (stewartvaluation.com/products/validity-inspection). Restb.ai
computer vision solutions and its Valuation Product Suite are
online here (restb.ai/customers/appraisals-inspections).
About Stewart
Stewart (NYSE-STC) is a global real estate services company,
offering products and services through our direct operations,
network of Stewart Trusted Providers™ and family of companies. From
residential and commercial title insurance and closing and
settlement services to specialized offerings for the mortgage and
real estate industries, we offer the comprehensive service, deep
expertise and solutions our customers need for any real estate
transaction. At Stewart, we are dedicated to becoming the premier
title services company and we are committed to doing so by
partnering with our customers to create mutual success. Learn more
at stewart.com.
About Stewart Valuation Intelligence
Stewart Valuation Intelligence, LLC (SVI) is a national provider
of appraisal management and residential real estate valuation
services. SVI works with lenders, loan servicers and investors to
improve risk management through superior real estate collateral
information. Learn more at stewartvaluation.com. SVI is a member of
the Lender Services Division of Stewart (NYSE-STC), a global real
estate services company.
About Restb.ai
Restb.ai, the leader in AI-powered computer vision for real
estate, provides image recognition and data enrichment solutions
for many of the industry's top brands and leading innovators. Its
advanced AI-powered technology automatically analyzes property
imagery to unlock visual insights at scale that empower real estate
companies with relevant and actionable property intelligence.
Restb.ai is like having a real estate expert instantly research and
provide a deep insight into each of the 1 million property photos
uploaded daily. For more information on Restb.ai, visit its
website.
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version on businesswire.com: https://www.businesswire.com/news/home/20240213128138/en/
STEWART CONTACT John Chattaway, Stewart Media Relations
(713) 625-8180; mediarelations@stewart.com
Restb.ai CONTACTS Maya Makarem, maya@restb.ai Kevin
Hawkins, (206) 866-1220 kevin@wavgroup.com
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