Building AI to helps appraisers scale
Automax AI
Automax AI provides an AI-powered appraisal platform that delivers residential property appraisals compliant with UAD 3.6 standards in as little as 24 hours, compared to the traditional week-long process. The platform automates data collection, appraiser matching, and report generation, with Appraisal Copilot handling the report writing and market-data adjustments.
- Property Technology
- Artificial Intelligence
- Software Only
- Data & Analytics
- Enterprise Software
Updated 21 days ago
Funding
Raised to date
$500KRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Real estate appraisers face time-consuming manual processes when completing property appraisals, including searching for comparable properties, analyzing market data, and filling out complex reports. These inefficiencies limit the number of appraisals an appraiser can complete, impacting their earning potential and ability to meet deadlines.
Solution
Automax AI offers Appraisal Copilot, an AI-powered platform designed to streamline and accelerate the property appraisal process. The platform enables appraisers to pinpoint ideal comparable properties from a large dataset, analyze data with integrated tools, and generate comprehensive, compliant reports. By automating many of the manual tasks, Appraisal Copilot allows appraisers to focus on expert analysis and deliver high-quality appraisals more efficiently. The platform integrates directly with existing form-filling software and ensures data security with encryption and no data retention by AI models.
Target Audience
The primary target audience consists of real estate appraisers seeking to improve efficiency, reduce manual workload, and increase the volume of appraisals they can complete, as well as lenders who order appraisals through their loan origination systems.
Features
- AI-driven comparable property search from extensive datasets
- Integrated data analysis tools for in-depth market insights
- Automated report generation with detailed work reports
- Direct integration with existing form-filling software like TOTAL
- Compliance with Uniform Appraisal Dataset (UAD) standards, including UAD 3.6
- Data encryption at-rest and in-transit with no data retained by AI models
- Automated property data collection via mobile scanning technology for floor plans, photos, and condition
- Instant appraiser matching based on coverage area, property type, and current capacity