Featured Insight
Shaping the Appraisal Process with AI
April 2023
Lenders are facing increasing pressure to modernize their home lending operations, lower costs, and reduce risk following a rapid rise of interest rates and resulting cooling of the housing market. This renewed focus on process enhancements has shined a spotlight on the appraisal process as a glaring area for improvement. While having a third-party assessment of a home’s value is critical to ensuring that lenders extend the appropriate amount of credit, there are several pain points in the current workflow. Appraisers, who have significant influence in the process, are susceptible to human error and bias that can put banks at greater financial, regulatory, and reputational risk. At the same time, technology solutions to determine valuations are insufficient and generate their own challenges. Banks should think carefully about how to manage these risks and improve efficiency.
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All Insights
The Sport of Mortgage Banking The Power of the Playbook
May 2022
Elements of an Effective Corporate Governance Program Strengthen Your Organization with A Renewed Focus on Corporate Governance
May 2022
Disruptor or Disrupted – Critical Considerations in Today’s Market
April 2022
Digital Dangers
April 2022 • by Joseph Lai & Rebecca Jones
Third Party Risk Management Landscape & Best Practices
April 2022
About Reference Point
Reference Point is a strategy, management, and technology consulting firm focused on delivering impactful solutions for the financial services industry. We combine proven experience and practical experience in a unique consulting model to give clients superior quality and superior value. Our engagements are led by former industry executives, supported by top-tier consultants. We partner with our clients to assess challenges and opportunities, create practical strategies, and implement new solutions to drive measurable value for them and their organizations.