SeeCares, which has an AI-enabled data platform for commercial real estate workflows, announced that it was partnering with Northmarq.

"Northmarq is incorporating SeeCares technology to significantly reduce the processing time to prepare and deliver loan quotes, the press release said. "Lowering that time from days or weeks to a few minutes enables Northmarq to provide an even greater speed of service for their clients."

Putting artificial intelligence to work in property valuations has been gaining steam for a while. A growing number of companies have entered the proptech space with offerings to bring big data and the type of artificial intelligence algorithms called machine learning to help quicken the pace of identifying and preparing valuations.

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