A national appraisal management company that employs a network of 100,000 certified appraisers in 50 states says it’s in the beta testing phase for a smart phone application that will allow users to order appraisals, check the status of appraisals, and pay for services.
Rockville, Md.-based Coester Appraisal Group says appraisers will also be able to use the app to upload completed appraisals when it is released later this year.
The app will use the HTML5 format, which will make it compatible with multiple operating systems including iPhone, BlackBerry and Google’s Android platform, the company said.
Coester Appraisal Group said it’s also building a searchable database of every appraisal the company has completed over more than 30 years, and will allow authorized users to conduct customized searches of completed appraisals.
The company said the database will help users determine what constitutes "customary and reasonable" fees for appraisals in a given market, as mandated by the Dodd-Frank Wall Street Financial Reform and Consumer Protection Act.