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Walker & Dunlop, GeoPhy launch multifamily appraisal company

Walker & Dunlop Inc., a commercial real estate services and finance company, teamed up with financial technology company GeoPhy BV to launch a multifamily appraisal company named Apprise.

Apprise will help simplify and speed up the process for preparing appraisals of multifamily assets.

The new company will use machine learning to provide a more objective, consistent and transparent Financial Institutions Reform, Recovery and Enforcement Act-compliant multifamily appraisal delivered in as few as five days. Apprise covers over 30 U.S. states and plans to go nationwide by summer.