Automate real estate valuation with predictive modeling

Use Case:

A real estate valuation contains a list of all details specific to a property, as well as an estimate of the total property value. The estimated value is especially important in the context of granting insurance policies and mortgage loans. Defining the correct value is a labor-intensive and costly process. Our client was looking to automate the value estimation of properties based on internal data and publicly available data on the web.

Solution:

Offering a property value estimation as an on-demand service to customers makes our client a leading innovative company in their sector. They are also a preferred partner for insurance companies as it further streamlines the insurance process. The main cost of our client - expert labor costs - are reduced so that employees can focus on the more difficult cases that do not fall within the scope of the models.

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‍Approach

1. Reduce the complexity of the available data through a business-driven aggregation process.
2. Design, create, test, and select the best performing models.
3. Develop a REST API to simplify the integration of the models into a web interface to make it available to the target audience.

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