Case Study: Cadence Bank achieves faster, more complete hybrid appraisals with Truepic

Cadence Bank turns around appraisals in hours with Truepic

Cadence Bank sought to balance speed and accuracy in its hybrid appraisal process for HELOCs and refinances. While their existing drive-by inspections were fast, they lacked crucial interior views of properties, preventing the bank from fully assessing a home's condition and potential risk. To address this challenge, Cadence Bank partnered with Truepic to implement its virtual inspection platform.

By adopting Truepic's solution, the bank enabled borrowers to remotely capture verified interior photos and data. This allowed Cadence Bank to make more informed decisions without always requiring a costly full appraisal. The results were significant: Truepic helped reduce inspection turnaround times from days to just hours, often enabling same-day evaluation completions. Furthermore, the bank achieved its goal of reducing overall inspection costs by confidently avoiding unnecessary full appraisals.

Cadence Bank