Q&A with Mark Verrett, Chief Innovation Officer at Accurity Valuation
The appraisal industry is currently facing a number of challenges and growing pains as powerful stakeholders (e.g. Fannie Mae and Freddie Mac) pursue appraisal waivers, bifurcated valuations and question even the very necessity of flesh and blood appraisals. With so much uncertainty around the direction of the profession, words like “change” and “the future” are the new buzz words of the industry. Everybody is talking about what is coming next and how to prepare for it.
At the heart of the issue seems to be the increasingly central role that technology is playing in the profession. To better understand how technology is and will transform the role of the appraiser, Working RE sat down with Mark Verrett, Chief Innovation Officer at Accurity Valuation. Verrett is a second generation appraiser, focused on modernization and efficiencies in the real estate space, and is a leading voice on innovation within the appraisal industry.