The software that many appraisers use throughout the country to perform appraisals on properties that are being purchased, is being made available on tablets and iPhones for the first time. This application will allow an appraiser to complete the entire appraisal process while still on site at the property. The necessary, comparable sales data can be downloaded from the cloud.
This will speed up the entire process of the appraisal. Will this mean that transactions will be able to go to closing quicker? Probably not. But accuracy would be a benefit to many prospective homeowners.
