Back to InsightsFoxyAI Partners with LOOM Property Insights to Revolutionize Property Valuation and Appraisal Accuracy Across South Africa
Nov 21, 2024
AI-Driven Insights to Transform Property Valuations for 56% of South Africa’s Mortgage Linked Market
NEW YORK, Nov. 21, 2024 /PRNewswire/ — FoxyAI, a B2B PropTech innovator in real estate visualization and property intelligence, today announced a groundbreaking partnership with LOOM Property Insights, a leading provider of real-time property data and insights across the South African region. This partnership enhances LOOM’s property valuation and appraisal accuracy by integrating FoxyAI’s award-winning technology into its offerings, significantly improving the speed and precision of property valuations.
LOOM, which works with two of South Africa’s top four banks—overseeing 56% of the country’s mortgages through originations—and 21 of the region’s leading real estate brands, selected FoxyAI to power its valuation process after extensive research. Through this partnership, LOOM will deliver faster and more accurate property valuations, transforming a traditionally manual, week-long process into an AI-driven system capable of completing appraisals within a single day.
