MANHASSET HILLS, N.Y., February 20, 2019 – Appraisal Vision is PropMix’s new addition to the suite of products and services it has been enabling for the real estate appraisal industry. Appraisal Vision is an image recognition solution using a deep learning engine that has been trained on terrabytes of real estate image data over the past couple of years. It enables the extraction of information from images which is used for enriching data and improving and validating home valuation with information in the home photos.
Appraisal vision can power many solutions such as fraud detection, appraisal validation, and automate some simple tasks for the appraiser such as ordering and labeling photos in an appraisal form. “We will continue to integrate appraisal vision into many applications under the Market Conditions Advisor brand” said Umesh Harigopal, CEO of PropMix. “Our goal is to reduce and appraisers mundane tasks and help them focus on high-value activities.”
The core technology that powers Appraisal Vision is a complex chain of cascading neural networks each a convolutional neural network. PropMix’s heuristic algorithms combine results from multiple deep learning engines to arrive at its final predictions on a real estate photograph. The neural networks have been trained over the last 2 years on about 22 terabytes of image data. This has resulted in accuracy levels of about 93% and it continues to improve.
About PropMix.io
PropMix.io LLC, an Innovation Incubator Inc portfolio company, offers a ground-breaking Real Estate Smart App Development Platform that enables the Real Estate ecosystem to easily consume and monetize data and insights and build Smart Solutions. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards for global scale, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. Headquartered in New York, we also have presence in Boston MA, Leesburg VA, Freehold NJ in USA and Trivandrum, Kerala in India.
Media Contact: Sakeer Hassan, PropMix.io, 7329799507, sakeer@innovationincubator.com
