Aloft has created a new, technology-powered business model with disruptive competitive advantages.
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Raising quality standards across-the-board
Addressing the industry's underlying problems
Smashing old paradigms, creating modern solutions
Raising quality standards across-the-board
Addressing the industry's underlying problems
Smashing old paradigms, creating modern solutions
New requirements from Fannie Mae and Freddie Mac will soon transform the way the appraisal industry functions. But how to bring 30,000+ appraisers to the new world? With Aloft’s unique combination of "pull" and "push"
Pull: New bedrock technology, modern interface and integration, rapid national testing, comprehensive training, speed and efficiency.
Push: Consumer empowerment, new levels of transparency, data-based analytics that allow lenders to upgrade and fine-tune risk tolerances, standardized quality controls.
Look, everyone knows there are underlying problems in the appraisal industry, but Aloft is the first company to both expose and solve these issues. Our business model puts us in the sweet spot between industry change agent/catalyst and quality control gate-keeper.
How our business model works cohesively
Aloft is not a one-trick pony. Far from it. By design, each of our business units drives value for all other business units.
Toolkit
Appraisal
University
Valuations
Appraisal
Toolkit
Aloft Appraisal allows our Appraiser Toolkit Dev team to a) get super close to its customers and b) test our technology in the field.
AloftU provides a built-in promoter of Appraiser Toolkit, with classes designed to teach market-based adjustments using Appraiser Toolkit.
Aloft Valuations provides an important framework for tailoring Appraiser Toolkit's mathematics for the vast BPO market, and forces our Dev team to build for efficiency.
RMA provides a unique opportunity to automate some of Appraiser Toolkit's calculations. This, in turn, offers new automation to Toolkit subscribers.
Appraisal
Appraiser Toolkit provides a competitive advantage for Aloft Appraisal - producing reports that are consistently higher in quality.
AloftU allows us to teach our appraisal teams how to use Appraiser Toolkit in an environment that provides CE hours to appraisers while they learn.
The relationships built from Aloft Valuations can be cross-pollinated to feed Aloft Appraisal. Every lender has a need for both services.
RMA provides an important QC check for all of Aloft Appraisal's reports. This helps Appraisal turn in high quality orders, and dramatically cuts down revision requests from lenders.
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University
Toolkit provides the framework for most of AloftU's curriculum. Toolkit allows AloftU to conduct courses using real-world examples, rather than just teaching theory.
Aloft Appraisal provides AloftU with a built-in audience for providing CE credit and testing new methods of teaching and engagement.
Valuations helps AloftU stay informed about the changing needs of our BPO customers, and be able to turn that insight into a curriculum that benefits AloftU students.
RMA provides AloftU with insight into the mind of consumers, Loan Officers, and Real Estate Agents. RMA assists AloftU with "grading papers."
Appraiser Toolkit allows Aloft Valuations to market its services as a higher-quality product. As we enhance BPO products, Toolkit plays a major role in driving those products forward.
Despite the fully automated solution provided by Valuations, situations arise that require an experienced appraiser to solve a problem. Aloft Appraisal provides Aloft Valuations with "boots on the ground".
AloftU provides a platform to expose Aloft Valuations to lenders and portfolio managers across the country, many of whom are appraisers who must take annual CE courses.
Because both products are highly automated, RMA can support Valuations with enhanced adjustment data that can be value-added to BPO reports.
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Appraisal
Appraiser Toolkit provides the math engine that underlies every RMA report. It allows RMA to automate many process steps
Aloft Appraisal provides RateMyAppraisal with a steady flow of appraisals to inspect and assess. This helps RMA become smarter and more responsive in a shorter time frame.
AloftU provides a critical answer to the issues being exposed by RMA. Appraisers who get called out will want to find out how to fix their issues. AloftU provides answers and training.
Turning limited BPO information into useful insight helps hone the RMA product so that it becomes relevant to our customers.
Big Changes Coming for the Industry
It's difficult to overestimate the impact of new requirements set to debut over the next couple years. The new UAD format means changes in the way appraisal data is input, calculated, and reported. The market downturn of 2023 has already caused tens of thousands of appraisers to retire, the new format/technology/methodology will no doubt cause many more seasoned appraisers to call it quits. The fact is, the industry must change. Current analytical methods, levels of quality, and lack of standards are laughable. The coming changes will be wrenching for an industry still steeped in tradition. Aloft provides a lifeline and a framework for helping the industry evolve.
Gathered stakeholder input. Developed new UAD specification. Published spec and supporting docs.
Q4
Training Available
(Appraiser and Lender)
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National training for appraisers and lenders is being designed and led by Aloft University. See details below.
Q3-Q4
Limited production
Q1
Broad production begins (current UAD v2.6 or new v3.6 will be accepted)
TBD
New UAD v3.6 required (current v2.6 retired)
Gathered stakeholder input. Developed new UAD specification. Published spec and supporting docs.
Q4
Training Available
(Appraiser and Lender)
National training for appraisers and lenders is being designed and led by Aloft University. See details below.
Q3-Q4
Limited production
Q1
Broad production begins (current UAD v2.6 or new v3.6 will be accepted)
Our Work With Fannie Mae and Freddie Mac
Aloft has been selected to develop several educational courses for the Government-Sponsored Enterprises (GSEs) in anticipation of the dynamic Uniform Residential Appraisal Report (URAR) and its accompanying Uniform Appraisal Dataset (UAD). This industry-wide training initiative is aimed at preparing both appraisers and industry professionals for deep changes.
We are privileged to collaborate with Fannie Mae and Freddie Mac on this crucial endeavor and are eagerly anticipating the opportunity to deliver this essential education through AloftU. Coming winter of 2024-2025.
Building Critical Components and Creating a Platform
It takes more than neat software to change an industry.
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Toolkit
Software that enables the revolution! Field-tested, market-based, and data-driven. Truly game-changing technology, positioned for AI.
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Appraisal
A small army of appraisers dedicated to providing lenders a one-stop shop for ordering, order management, and quality control.
University
Built-in training and education by the leading instructors in the industry. Enabling the learning curve of future appraisers.
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Valuations
BPO products based on higher quality, faster turnaround, and bulletproof reporting. The only BPO built on proper math.
Appraisal
The Wildcard! Driving change from the consumer side. Giving voice to borrowers and the power to appeal substandard appraisal reports.
