Manor is a mobile app that provides homeowners with a step-by-step e-appraisal process, utilizing GPS and timestamped data to verify property characteristics and enhance accuracy. By eliminating the need for appraiser appointments, Manor accelerates home equity loan approvals, reducing costs and time to close for both homeowners and lenders.
Funding
$2.6M raised to dateRaised 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.
Founders
Product
Problem
Traditional home appraisals require scheduling appointments with appraisers, leading to delays and increased costs for both homeowners and lenders in the home equity loan approval process. This process can be particularly cumbersome for low-risk loans where a full appraisal may not be necessary.
Solution
Manor offers a mobile e-appraisal process that allows homeowners to conduct property assessments themselves using a step-by-step guide within the app. The app leverages GPS and timestamped data to independently verify property characteristics, enhancing accuracy and reducing the risk of fraud. By eliminating the need for in-person appraiser visits, Manor accelerates the home equity loan approval timeline and reduces associated costs. The app's photo and video capabilities provide appraisers with detailed property information, potentially mitigating missed damages or improvements.
Target Audience
Manor primarily targets homeowners seeking home equity loans and lenders looking to streamline the appraisal process for low-risk loans.
Features
- Step-by-step e-appraisal guide for homeowners.
- Automatic population of property information.
- GPS, time, and date stamped data for independent verification of property characteristics.
- Photo and video capabilities for detailed property documentation.
- Tamperproof fraud prevention measures.
- Bank-grade security to protect user data.