Ritesh Bansal, Joan Trice

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Ritesh Bansal is the co-found and CEO of Appraisal. Appraisal harnesses the power of Artificial Intelligence (AI) and Big Data to produce intelligent valuation models which achieve human level accuracy. Ritesh studied Mathematics and Computer Science at Carnegie Mellon University and Economics at CUNY Graduate Center in NYC. Prior to Appraisal, he worked for 15 years in finical institutions developing quantitative valuation models for trading and risk management. Joan N. Trice is the founder and CEO of Clearbox, LLC, publisher of Appraisal Buzz, and host of the annual Valuation Expo, the largest conference for the valuation community. Joan also hosts the Collateral Risk Network, a members-only group of more than 500 dedicated chief appraisers, collateral risk managers, regulators, and valuation experts who are focused on resolving the many challenges facing our profession.

Man and Machine

This article was first published in the Appraisal Buzz Magazine. No doubt appraisers have been hearing the warning for the past couple of decades that Automated Valuation Models (AVMs) would someday replace them. You’ve heard all the recent buzzwords- big data, machine learning, regression and the platform revolution. Fear not! There is one very critical factor that the very smart …

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