As businesses around the globe continue to streamline their processes with the help of tech advancements, residential valuation services are doing their part to keep pace. With professionals from real estate agents and brokers to investors and lenders relying more and more on automation to accurately assess property data, Red Bell Real Estate, LLC, a homegenius Inc. subsidiary and Radian company, offers 21st-century valuation solutions that take home price estimates to a new level.
These valuation services utilize groundbreaking technology, including photo AI and computer vision, to take the guesswork out of assessing property conditions. By allowing for the automatic identification of attributes like finishes, materials, updates over time and condition, this new valuation technology is transforming the pricing process. The valuation technology uses machine learning and deep learning that analyze data, identify patterns and refine conclusions based on new and changing data, which reduces bias and makes for more accurate predictive modeling.
“By using proprietary technology, our valuations services are designed with unparalleled data coverage and next-level analytics to deliver unmatched insights quickly and easily, offering real estate professionals the information they need to make decisions regarding the price of a property,” said Steve Gaenzler, SVP of Products, Data and Analytics for Red Bell Real Estate.
Some examples of this technology at work include the Radian Automated Valuation Model (AVM) which uses sophisticated modeling to quickly and accurately price virtually any single-family property in the US, or the Radian Interactive Value (RIV) which combines sophisticated automation and user-driven input to quickly deliver pricing estimates. These allow mortgage lenders and investors to obtain the vital information they need when evaluating a home or portfolio. Red Bell also utilizes computer vision and sophisticated analytics in the Radian Home Price Index, or HPI, that is driven by artificial intelligence and machine learning, offering results weeks ahead of other indices.
Agents and real estate brokers can also make use of these impressive analytics, modeling and more in geniusprice technology, an intelligent pricing engine for real estate that makes the traditional Comparative Market Analysis (CMA) report feel obsolete. By marrying advanced valuation automation with local property data in an innovative and exciting way, this allows agents and brokers to leverage these insights and have more confident pricing conversations with their clients.
When it comes to the array of valuation services, real estate professionals can feel confident that they’re in good hands with the homegenius family of companies. The collection of valuation services has a strong reputation for providing fast and accurate results. For instance, the Radian AVM has been tested, verified and approved by Fitch Ratings as one of only five approved providers of AVMs for residential mortgage-backed securities (RMBS) transactions.
With an eye towards the future, homegenius has realized the importance of valuation tech, offering services that are unique in scope, user-friendly and accurate to keep step with the evolving needs of real estate professionals. As technology perpetually evolves, homegenius and Red Bell Real Estate plan to evolve alongside and look forward to continued enhancements.
Kade Clark, SVP of Digital Valuation Products and Sales for Red Bell Real Estate, LLC, a homegenius company
Kade Clark manages the operations of the alternative valuation services offered by Red Bell Real Estate, which include automated, interactive and hybrid valuations.
Steve Gaenzler, SVP of Products, Data and Analytics for Red Bell Real Estate, LLC, a homegenius company
As head of the homegenius SaaS Product organization, Steve Gaenzler leads and facilitates the roadmap and creation of all homegenius SaaS products as well as the customer success teams that ensure value is delivered. In addition, he leads the Data and Analytics teams focused on the development of advanced analytics and data products.
