Specially for banks and financiers
Part 3 in the blog series about KATE Innovations' Assessment Portal
In the previous blog, we showed you how KATE Innovations’ Assessment Portal digitizes the receipt and structuring of appraisal data. In this third blog, we focus on the second crucial step in the process: the assessment of information received and appraisal reports. A step that is often manual, error-prone, and time-consuming in practice, but that no longer has to be the case.
From documents to data-driven decisions
Once appraisal data has been received digitally and structured, the next challenge begins: how do you assess this information in a standardized, objective, and reproducible manner?
Het Assessment Portal ondersteunt deze stap met een geautomatiseerde beoordelingsmodule die werkt op basis van klantspecifieke business rules. This means that each bank or financier can configure its own assessment rules, risk criteria, and compliance requirements within the portal.
Assessing based on the Dutch taxonomy
The portal is based on the Dutch real estate taxonomy., which ensures a uniform interpretation of data, regardless of which software package the appraiser uses. This allows reports and appraisal data received to be automatically translated into a standardized assessment report in the customer format. This ensures:
- Comparability between files
- Faster turnaround times
- Fewer interpretation errors
Flexibility within standardization
An important principle of the Assessment Portal is independence. Appraisers retain complete freedom in their choice of software, while financiers can still receive and assess the information in a uniform manner. The customer’s internal workflow, such as assessment routes, exception handling, or risk flags, is fully configurable.
What are the concrete benefits of this?
- Time savings through automated checks
- Better compliance thanks to defined assessment criteria
- Consistency in reporting for internal and external stakeholders
- Scalability with growing volume of appraisal assignments
Ready for the next step: monitoring
With a streamlined assessment process as a foundation, there is room to further develop real-time monitoring of property values and risk profiles. In the next blog, we will discuss how you can use the Assessment Portal to make the transition from assessment to continuous monitoring and reporting.
Would you like to learn more about how your assessment process can be made more efficient and transparent?
Would you like to know how the Assessment Portal can support your organization? Please contact José Bloothoofd, Commercial Business Consultant at KATE Innovations: josebloothoofd@kateinnovations.com.