Black Knight’s REvolution suite helps streamline a time-consuming process

Buying and selling a home can be challenging, and the real estate process is often time-consuming and stressful. But, it doesn’t have to be that way.

One of the most challenging aspects in a real estate transaction is the valuation process. A simple mistake could drastically slow down the process and frustrate lenders, home buyers and sellers.  And, the impact of the pandemic has complicated this process even further. 

Black Knight’s REvolution suite provides appraisers and other valuation professionals with a seamless appraisal process from property inspection to report delivery. 

REvolution features several innovative solutions, including SCOUT, a cloud-based mobile property inspection app that supports safe social distancing by enabling remote property inspections. Using SCOUT, homeowners, inspectors, real estate agents and appraisers can collect property data on a mobile device. 

“SCOUT enables remote property inspections, which has been critical during the COVID-19 pandemic,” Black Knight CEO Anthony Jabbour said. “This solution and the REvolution suite’s other valuation and appraisal products help significantly streamline what is traditionally a time-consuming process.” 

Unlike other solutions in the industry that must be used with proprietary systems, SCOUT can be used as a standalone product or alongside Black Knight’s appraisal platform, CA REveal.

The SCOUT mobile app enables the inspection data to be imported into the CA REveal platform, which is part of the REvolution suite. On the CA REveal platform, appraisers and other valuation experts can review the collected information, use data-rich analytical tools to analyze market activity, and produce dependable and defendable appraisal reports. The platform can produce any type of valuation, including appraisal, hybrid or broker price opinion (BPO).

“These solutions, as well as the other products offered in the REvolution suite, help create efficiencies in data collection, analysis and appraisal report delivery,” said Ben Graboske, president of Black Knight’s Data & Analytics Division. “With the solutions’ innovative and flexible features, real estate professionals can easily connect to their existing workflows without missing a beat.”

Other products in the Black Knight’s REvolution suite can also help identify complex subject properties so users can select the appropriate valuation solution and appraisal fee upfront, helping save time, money and making the process more efficient.

Black Knight’s technology automates time-consuming tasks, modernizes processes and creates efficiencies to let real estate professionals focus more of their time and resources on high-value tasks that drive more business.

“Black Knight is the only company that offers end-to-end solutions across the real estate and mortgage life cycle,” Jabbour added. “This enables us to continue developing unique, integrated solutions, such as powerful real-estate-related business intelligence, that will further help companies improve the customer experience, drive strategy, manage risk and create growth opportunities.”