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Feature Spotlight: Workfile Storage

· 3 min read
Chase Pursley
Chase Pursley
Founder of Appraisal Inbox

Appraisal Workfile Compliance​

According to the USPAP Record Keeping Rule appraisers must keep a comprehensive and complete Workfile. In the process of an appraisal, appraisers need to collect any number of files and pieces of information to support their value. For example, in an assignment, the appraiser might need to obtain a copy of the rent roll spreadsheet from the landlord, floor plan scans and the past few years of assessments in PDF format from public records. Additionally, interior, exterior and other photos of the subject property as well as comps are typically taken and need to be stored. And once the appraisal is completed and delivered to the client, the final report (and any revisions) need to be stored as well.

The Burden of Appraisal Workfile Management​

Appraisers encounter several obstacles when dealing with workfile storage:

  1. Disorganization: Scattered files across multiple devices and locations can lead to confusion and inefficiency.
  2. Security concerns: Sensitive client information requires robust protection against unauthorized access or data breaches.
  3. Compliance issues: Failing to maintain comprehensive workfiles may result in non-compliance with USPAP standards.
  4. Collaboration difficulties: Team members often struggle to share and access necessary documents in a timely manner.
  5. Storage limitations: Physical storage space and digital storage capacity can quickly become inadequate for growing appraisal businesses.

How Does Appraisal Inbox's Workfile Storage Help?​

Appraisal Inbox's Workfile Storage feature offers a comprehensive solution to the workfile management problems faced by real estate appraisers and their teams. Workfile Storage provides a secure, centralized location for storing all files, photos, and documents related to assignments.

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Key Benefits of Appraisal Inbox's Workfile Storage​

  1. Centralized Organization: All assignment-related files are stored in one easily accessible location, eliminating the need to search through multiple devices or folders.

  2. Enhanced Security: The platform employs robust security measures to protect sensitive client information and valuable appraisal data. For more information on security best practices, check out our guide on password security and management for real estate appraisers.

  3. USPAP Compliance: By providing a comprehensive storage solution, Appraisal Inbox helps appraisers meet the USPAP Record Keeping Rule requirements with ease.

  4. Improved Collaboration: Team members can easily share and access necessary documents, streamlining the appraisal process and improving overall efficiency. Our team messaging feature further enhances collaboration among appraisal team members.

  5. Scalable Storage: As your appraisal business grows, Appraisal Inbox's Workfile Storage grows with you, eliminating concerns about storage limitations.

Tame Your Workfiles And Stay Compliant​

Don't let disorganized workfiles hinder your appraisal business's growth and efficiency. Take the first step towards optimizing your workfile management by exploring Appraisal Inbox's Workfile Storage feature.

For a comprehensive overview of all the features that can help streamline your appraisal business, including Workfile Storage, check out our guide to the best real estate appraisal software.