Lending News

Symmetry Lending Selects AppraisalWorks Appraisal Management Technology, Implements Platform to Streamline Appraisal Operations

Symmetry Lending Selects AppraisalWorks™ Appraisal Management Technology, Implements Platform to Streamline Appraisal Operations

AppraisalWorks chosen to improve profitability and increase scalability while delivering a much-improved experience for both external and internal partners

AppraisalWorks, a leading provider of real estate appraisal technology, announced Symmetry Lending has fully implemented the AppraisalWorks appraisal management technology platform to streamline and automate the production of all loans requiring any type of valuation. As Symmetry Lending’s exclusive appraisal management technology platform, AppraisalWorks adds significant value from its ease of use, on-demand scalability, and flexibility in supporting the full appraisal management lifecycle.

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“Symmetry Lending selected the AppraisalWorks platform for its agility and on-demand control over the entire appraisal management process”

Implementation was completed quickly thanks to AppraisalWorks’ streamlined client on-boarding process, ease of configurability and industry-best lender experience. The AppraisalWorks platform will generate greater efficiencies across Symmetry Lending’s real estate valuation process through workflow automation, intelligent business rules and real-time data dashboards – helping lower costs, accelerate turn times and improve compliance and transparency.

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“Symmetry Lending selected the AppraisalWorks platform for its agility and on-demand control over the entire appraisal management process,” stated Bjorn Peterson, senior vice president of Mortgage Operations for Symmetry Lending. “Integration was seamless and now we have an intuitive, easy-to-use, modernized appraisal system in place to improve efficiency, streamline our appraisal process and provide visibility throughout the appraisal lifecycle.”

“We’re very honored to be chosen by Symmetry Lending as its exclusive appraisal management technology platform and appraisal modernization partner,” said Ben Wiant, vice president at AppraisalWorks. “Symmetry Lending came to us with a problem that is very common in the industry – the appraisal process had become inefficient due to multiple disparate technology solutions that hindered communication and resulted in duplicate efforts. After very thoughtful evaluation of potential technology partners, Symmetry Lending selected AppraisalWorks to help them consolidate this function onto one integrated platform. As a result of this implementation, they expect to save real dollars and increase efficiency across their loan fulfillment and appraisal review processes. We are thrilled to help position Symmetry Lending for long-term success and support its mission of delivering best-in-class service, speed, and simplicity to its customers.”

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