|
It would be wonderful if appraisers could complete a
report, deliver it and never worry about seeing that document again. But one
of the purposes of an appraisal is as a legal document outlining the
condition of the property at the time of sale. So appraisers must keep their
reports for 5 years, allowing them to recall any appraisal at any time to
either defend the valuation or to be used in other legal proceedings.
Here again, the digital appraiser leverages his investment in technology to
improve service. By storing every aspect of the appraisal - notes, sketches,
supporting documentation and calculations - along with the appraisal, the
professional is able to retrieve that report at any time within the five
years and recall just what that report was about. And this data is not
stored in boxes stacked 5 deep in some rented warehouse. Instead, the
digital appraiser uses technology like a la mode's Digital Workfile to
electronically include all supporting documents as part of the appraisal
file. These files are stored securely on searchable media, such as a la
mode's Vault, where the appraiser can find them in a fraction of the time
required in the past. This helps appraisal clients by giving them immediate,
virtual access to any appraisal they've ordered within the past 5 years.
These are just a few examples of how technologically advanced appraisers are
improving the business workflows of their customers. Investing in the right
software, services, gadgets and gizmos allows the appraiser to deliver
reports quicker, more efficiently and with higher degrees of accuracy. All
of which helps keep the appraiser's costs down, and save his clients time
and money.
|
