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Walker & Dunlop’s Apprise Wins PropTech Breakthrough “CRE Data Innovation Award”

By: via Business Wire

Walker & Dunlop, Inc. announced today that Apprise has been recognized with the “CRE Data Innovation Award” in the 4th annual PropTech Breakthrough Awards program conducted by PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821425676/en/

(Graphic: Business Wire)

(Graphic: Business Wire)

Apprise by Walker & Dunlop is an independent, third-party valuation, data, risk mitigation, and advisory platform. Along with a proprietary approach to data science and technology, Apprise consists of expert appraisers and valuation specialists, which together, work to harness data feeds that pull information from public records, property sites, industry resources, and proprietary sources into a single centralized cloud-based system. By automating the extraction and organization of granular financial data, our tools drastically reduce the risk of human error, ensuring that our appraisals are both credible and dependable.

"Trust is paramount in valuation. Our advanced data tools ensure consistency and accuracy, solidifying our role as a trusted partner. Integrating 2.5 million records was just the start—our data analysis sets us apart," said Meghan Czechowski, senior vice president and head of Apprise at Walker & Dunlop. "We're honored by this recognition, as our goal is not just to keep pace, but to set the standard for excellence."

The unique combination of the industry’s most comprehensive data set, expert valuation specialists, and innovative technology allows Apprise to deliver accelerated, data-driven appraisals with consistency across the nation. A web-based solution for commercial property appraisals, Apprise’s hub aggregates 250 critical variables with every data point recorded, ensuring future usability for both supporting insights and trend analysis.

The intuitive dashboards convey valuation trends and recent sales data to clients visually, representing appraised and sales capitalization rates compared to the 10-year treasury in order to facilitate in-depth analysis of class A institutional sales on a national scale. This capability caters specifically to the needs of major global investors. Apprise is also leading the industry having integrated Jan 2025 Fannie Mae XML standards for DUS lender clients nearly five months ahead of the mandatory deadline.

The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the global real estate technology industry today. This year’s program attracted thousands of nominations from over 12 different countries throughout the world.

“Walker & Dunlop's cutting-edge solutions and forward-thinking approach are shaping the future of the real estate technology market. Valuations are the cornerstone of CRE and are more crucial than ever in today's market conditions. The data fueling these valuations is often fragmented presenting data overload, integrity issues, and either overly manual or overly automated processes leading to inefficiencies,” said Bryan Vaughn, managing director of PropTech Breakthrough Awards. “By offering a sophisticated solution tailored to acquisition requirements, Apprise is setting a new industry standard for the pivotal role appraisers can play in shaping the market. We’re thrilled to award Apprise with the ‘CRE Data Innovation Award’ as they continue to transform the valuation advisory industry.”

Launched by Walker & Dunlop, Apprise is focused exclusively on the U.S. market and has a collective track record of valuing $350 billion worth of commercial real estate properties to date, comprising more than 750 thousand units per year. Serving a client base that includes GSE lenders, owners/operators, banks, and institutional lenders, the Apprise team specializes in quick valuation insights and data analytics, as well as industry-compliant appraisals and consulting assignments for multifamily/commercial assets.

Apprise was also featured in this season’s Proptech Outlook Magazine.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

About PropTech Breakthrough

Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the PropTech Breakthrough Awards program is devoted to honoring excellence in technologies, services, companies and products that empower remote work and distributed teams around the globe. The PropTech Breakthrough Awards program provides a forum for public recognition around the achievements of technology companies and solutions in categories including messaging & communication, project management, virtual events, team collaboration, virtual offices, collaborative design and more. For more information visit PropTechBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

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