Spend time doing a guided walkthrough of a home and you could save weeks on the Appraisal Process. Developed by appraisers for the appraisal industry.
Oscar Mike Mobile Appraisals, or OMMA, is a secure platform that enables real estate professionals, homeowners, and other end-users to capture information, images, and square footage of their property. It’s then easily delivered in a custom report that can be integrated into an appraiser’s form filling software to a real estate appraiser so that they can perform an accurate market value appraisal report.
Our web-based application allows you to start an appraisal if you have Internet connection.
By partnering with Cubicasa you can scan your home to get the required Sq. Ft. area.
Step-by-step instructions and photo reference make the process simple!
Our custom form can be downloaded in a format that can be uploaded into an appraiser’s form filling software with relevant fields populated.
OMMA was built with Lenders and AMCs in mind. This truly non-discriminatory platform can give you a more efficient appraisal process, as well as:
OMMA was built by Appraisers who figured out a way to make the Appraisal process more efficient by having the Homeowner or Real Estate Professional do an accuarate walktrhough of the dwelling.
The homeowner, real estate agent, or other data collector walks through the software on their mobile divide or home computer, taking or uploading pictures and answering questions about the property.
The floorplan is scanned by the homeowner, real estate agent or other data collector and is submitted through the OMMA process for analysis.
A custom report is generated with all of the answers and the floorplan is delivered to the appraiser through the OMMA process. The report and floorplan can be uploaded into their form filling software to create an accurate appraisal report.
The appraisal is delivered through the OMMA process to the end user.
Due to the time savings of OMMA, appraisers should be willing to earn a smaller fee, given that they do not have to schedule, travel, inspect, and transfer data for this appraisal process. However, given the massive time savings to the appraiser, their fee per hour does increase, so they are still happy. To put it into perspective, if OMMA can save a Lender or AMC $100 per appraisal, and the Lender or AMC requires 500 appraisals a month, that amounts to a $600,000 savings to the Lender or AMC for a service that provides an efficient and more accurate system.
OMMA is a data collecting platform that a Lender or AMC can use in conjunction with their own panel. OMMA does not require the use of any particular appraisers.
The OMMA application is web-based application and can be accessed from any internet enabled browser. We use SHA-256 encryption to transfer data from the user to our platform and collect user location data through the geo-location services enabled on the user’s device. All data is encrypted at rest and only stored for a short amount of time after the appraisal is complete.
It’s about as social distancing as you can get considering the appraiser and end user don’t have to leave their own properties.
Using a process such as OMMA’s helps mitigate the risk of a discrimination claim as the appraiser does not have to meet nor talk to the homeowner, realtor, or other end user.
Because this product is offered directly to appraisers, there are many ways you can increase the number of revenue streams and diversify your practice to mitigate any lender risk:
The skys the limit for diversifying your practice, my friends. OMMA can help you come up with a game plan as well as provide some marketing files that you can use for direct mailers, email campaigns, etc.
By being able to diversify your practice and adding more revenue streams, your practice can now choose who you want to work for. Some appraisal practices want to move on from AMC and Lender assignments and work on more private assignments. OMMA allows you to do this by providing a marketable platform to entice more private work. You can use OMMA to pick and choose who you want to work with which, in turn, allows you to be more independent.