HomeVision, Restb.ai Team Up To Enhance Valuations With AI

Underwriting and appraisal platform HomeVision is teaming up with Restb.ai to advance real estate valuation workflow through artificial intelligence.

The companies have integrated Restb.ai’s AI into HomeVision’s MIRA (Machine Intelligence Review Assistant) platform, offering greater appraisal accuracy and streamlining valuation workflows while reducing revisions.

“At Restb.ai, we are committed to unlocking the full potential of AI for mortgage valuation,” Nathan Brannen, Chief Product Officer at Restb.ai, said in a press release.

“Our collaboration with HomeVision is another step forward in empowering the industry with real-time, AI-driven insights that improve decision-making and enhance appraisal quality.”

MIRA leverages machine learning, optical character recognition, and natural language processing to identify discrepancies in appraisal reports. 

With Restb.ai, it can also detect inconsistencies between appraisal data and property imagery and confirm that the condition and quality of subject properties and comparables align.

“As the industry continues to leverage automation, accuracy, and efficiency in appraisal reviews, our partnership with Restb.ai accelerates our mission to create a comprehensive collateral underwriting platform where customers have everything they need in to complete their review,” said Charlie Horton, General Manager, Collateral Underwriting at HomeVision.

“By integrating Restb.ai’s AI capabilities into MIRA, we are helping lenders and AMCs identify critical defects that result in revisions and costly repurchases.”

San Francisco-based HomeVision is a mortgage tech firm transforming collateral underwriting by bringing together advanced technology with human expertise in a transparent review process.

Restb.ai provides image recognition and data enrichment solutions for many of the industry’s top brands and leading innovators with AI solutions for valuations and appraisals.