For appraisers, the pressure has never been greater to work faster, smarter, and more accurately.
But when it comes to data, appraisers are hamstrung. Thanks to outdated systems and processes, appraisers are hampered by manual data entry. These are valuable hours that would be better spent dedicated to actual appraisal work.
In March, a transformative shift occurred in the appraisal profession: BRAVE launched as the standard for commercial appraisal data.
BRAVE is the Banking Real Estate Appraisal Valuation Exchange. It’s a standardized, 99-field export format that goes with every appraisal.
What does this mean for appraisal firms?
- One standard format for all bank clients (no more custom exports)
- No more mid-review data requests
- No more file rejections for “formatting” errors
- A competitive advantage in panel selections
Major financial institutions have already started requesting BRAVE in engagement letters, such as: Bank OZK, BankUnited, Chase, Capital One, Citizens Bank, U.S. Bank, Western Alliance Bank, and WSFS Bank.
Likewise, many of the nation’s top appraisal firms are answering the call with Apprise, Baker Tilly, BBG Real Estate Services, Cushman & Wakefield, Cogito Realty Partners, JLL, Kidder Mathews, Kroll, Integra Realty Resources, Newmark, and Nova Group already BRAVE compliant and able to produce BRAVE exports in just one click from Valcre.
This is a watershed moment for the commercial appraisal profession. Valcre is here to help appraisers get up to speed.
In our new eBook, “The Economics of Manual Data Entry: Why BRAVE Changes Everything” we walk through:
- Exactly how BRAVE addresses some of the costly and prohibitive data delivery challenges appraisers have today
- The value proposition and actual benefits BRAVE can deliver for appraisers
- How BRAVE is being adopted across the profession
- How to start delivering effortlessly when your next engagement letter requires it.
Valcre is proud to be the first to market supporting banks and appraisers in this shared initiative to drive our profession forward.
Download your free copy of the eBook here.
Valcre customers can access our library of BRAVE support resources here.
Not a Valcre customer? You can generate BRAVE files with our free mapping template here. Schedule a demo with our team to understand how you can get built-in BRAVE support, one-click export and the most advanced appraisal platform in the profession.
“We built Valcre to eliminate the friction between great appraisal work and getting it into clients’ hands. BRAVE is the biggest leap forward our profession has seen in automating and connecting appraisal results so that banks can actually capitalize on usable data without the need to extract it manually. The firms that move early will set the pace for what will define the next era of commercial real estate appraisal.”
Lucas Rotter, CEO and Co-Founder, Valcre
