Traditional property data leaves blind spots that can slow down critical business workflows. Cognitive Imagery provides the real-time intelligence needed to streamline inspections and flag high-risk properties.
- CoreAI analyzes billions of images to assess property conditions and hazard risks.
- Advanced image analysis improves form prefill rates for property workflows by up to 172%.
- Digital twins allow property professionals to remotely validate collateral and cut appraisal times in half.
What you see isn’t always what you get, but it should be. While traditional tabular data is useful, it has its limits. It can tell you the square footage of a home, but it can’t look at the specific condition of that home and report back to you.
In the property industry, a picture is worth a thousand data points. Aerial imagery and ground-truth photos provide a perspective that goes beyond bullet points – analyzing roof conditions, foundation types, defensible space, and more. By bridging the gap between raw visual data and actionable insights, businesses can reap the rewards of true property intelligence.
The challenge: Overcoming blind spots in traditional property workflows
The real estate, insurance, and mortgage industries have long struggled with incomplete data. Relying on one-off physical inspections is slow, costly, and it leads to major blind spots when it comes to understanding property health.
Meanwhile, manual bottlenecks significantly slow the value chain. Agents, appraisers, home inspectors, and underwriters waste countless hours manually filling out property forms. Without an accurate, real-time understanding of a specific property, insurers face mispriced premiums and lenders risk approving loans on properties with hidden damage or inflated valuations.
The solution: Cognitive Imagery
While general computer vision can look at images and identify shapes, Cotality’s Cognitive Imagery takes it a step further. Using advanced image analytics, CoreAI processes over 1.6 billion property pictures and 5.1 million square kilometers of aerial imagery annually.
By combining this visual data with historic records and deep property insights, Cognitive Imagery maps and evaluates structural attributes with unparalleled accuracy. This allows property professionals to access digital twins that reflect the current condition of more than 178 million U.S. structures – forming a foundational layer of property intelligence for even the most intricate built environments.
The result: A transformed property ecosystem
Cognitive Imagery turns raw data into tangible ROI across the property lifecycle. It drives results across the entire property lifecycle, streamlining insurance evaluation, mortgage underwriting, appraisals, and commercial real estate management.
Instead of wasting valuable time filling out manual forms, property professionals can use Cognitive Imagery to drastically increase data prefill rates. MLS listings, appraisals, and insurance claims can have 172% more data prefilled with 85% accuracy.
Other outcomes include:
- More accurate roof assessments: Roof losses are the #1 loss cause for insurance carriers. Knowing the exact condition of a roof at the time of underwriting helps insurance companies assign the right coverage and process claims faster. Our Age of Roof model provides a 20% uplift in attribute availability.
- Precise flood risk assessments: By leveraging property images from all four cardinal directions, Cognitive Imagery accurately identifies basement types and calculates First Floor Height. With this, foundation type prefills skyrocket from 25% to 68%, helping property professionals assess flood risk.
- Faster commercial underwriting: With complex commercial properties, understanding a building’s construction class is key. Cognitive Imagery boosts prefill rates for ISO construction types (wood frame to fire-resistive) from 34% to 69% with 82% accuracy, reducing the time, cost, and effort required for commercial underwriting.
The future of property intelligence
Cognitive Imagery replaces guesswork with hard visual evidence. It allows mortgage underwriters to validate collateral instantly and cuts the time it takes to complete an appraisal, home inspection, or insurance adjustment in half.
By layering advanced image analytics on top of detailed property records, real estate professionals get true property intelligence – streamlining workflows and eliminating the data gaps found in traditional prefill services.
See the full picture with Cognitive Imagery. Contact us to explore other timesaving tools for your business.