Last month we released a blog post, 3 Things Lenders and Appraisers Need to Know About Platform Integration, which outlined three critical points we want the Commercial Real Estate Due Diligence community to know about Platform Integration.

Many of you are familiar with Narrative1 and other narrative appraisal report writing tools available for commercial appraisers and if you're not we should talk. :) I'm here today to (hopefully) answer some frequently asked questions I often hear about Narrative1 and narrative appraisal report automation.

ExactBid launched our Platform Integration initiative in Spring 2017 seamlessly integrating three of our solutions - RIMS, RIMSCentral and Narrative1. A new concept for our industry - Platform Integration signals a long overdue restructuring of the CRE due diligence process.

Just in case you're unfamiliar with RIMS here's a 10 second refresh - RIMS is an advanced real estate appraisal and due diligence management software solution used by banks to streamline appraisal workflow, assess data, and maintain compliance.

I have a memory of a time when a commercial appraiser could travel to a job, meet with various people, look at the property, conduct market research, prepare analyses, reach an appropriate value and write a report for a handsome fee. Those days are long gone.

Read the latest from MBA Insights featuring an article written by ExactBid CEO, Matt Cotter. Subscribe to MBA Insights to receive up to date news articles about our industry...

First-Ever Integration of an Appraiser Software Solution and Lender Appraisal Management Platform

ExactBid is very excited to announce the launch of our latest innovation, Platform Integration, effectively changing the way institutions and appraisers work together to share information. This is the commercial real estate industry’s first integration of this kind and we couldn’t be more excited to get our customers up and running. You can read the press release here.