EXOS Inspect: Appraise Your Home in 4 Steps
8 MIN READ
Guiding through a step-by-step process, EXOS Inspect enables homeowners to self-inspect their property using mobile devices and upload the captured data for a professional appraisal. The product aimed to provide a fully-digitized, fast, flexible, and cost-efficient home appraisal experience.
>> Learn more about the product at ServiceLink Website
Kshitija D.(Product Manager), Jinyi Y. (UX Designer)
Adobe XD, Whimsical.io, InVision
A home inspection in a home evaluation creates blockers in the process, which results in inconvenience to customers and delays in turnaround times.
A self-inspection app that allows homeowners to conduct virtual home inspections with reduced time and costs.
As the sole designer on the team, I collaborated with the product manager, data scientists, and business stakeholders. I designed the user journey and mobile interfaces for the self-inspection app.
1.1 Appraisal Modernization
Over the years, digitization has transformed the broader mortgage process by reducing turn times, providing new levels of transparency, and enabling a streamlined consumer experience. It also has been one of the company’s major missions and focuses. In the field of home appraisal, an interesting opportunity presents itself with the growth in modern technology: A virtual inspection product that removes the dependency on an external vendor for the home inspection, and gives control to the homeowner.
In the summer of 2019, as a product design intern, I was assigned to this experimental project, together with the product manager intern. Given the brand new concept with no existing product on the market, the two of us were challenged to create the proof-of-concept from scratch and deliver a polished demo that can be presented to potential clients.
1.2 Conventional Home Inspection Painpoints
A home inspection gives homeowners an opportunity to discover potential issues within the home. The appraisal value based on the inspection result is one of the major factors in loan approval decisions. Despite being an essential step in the mortgage process, we discovered that conventional on-site inspections could face the following disadvantages:
2. Define the Solution
2.1 Goal Statement
For a product targeting a vertical market, with the business requirement that it should seamlessly fit into the company’s existing product line, it is important to clearly define the scope: not missing key parts nor exceeding what is necessary.
What this product IS
Tool to accelerate the appraisal process
Inspection results appraised by professionals
For Home-Equity Loans or Home-Equity Line of Credit
For non-complex residential properties
What this product is NOT
Tool to replace appraisals
Appraisals done by end-users
For First Purchase Mortgage
For complex properties
2.3 User Analysis
Furthermore, we identified the potential users, their use cases and how might the proposed solution be beneficial to them.
|Follow the app instructions to conduct the property inspection by filling out the property questionnaire, capturing required images, and submitting the data for appraisal.||⬩ Affordable home inspection|
⬩ Quick loan approval and smooth appraisal process
⬩Better knowledge of the property for making informed financial decisions
⬩ Security and privacy maintained
|Place an Order in the EXOS system (the company’s all-in-one mortgage servicing platform) indicating their interest for the homeowner to undertake the inspection process for eligible cases.||⬩ Accurate appraisal in a timely manner|
⬩ Reduced cost
⬩ Transparency along the process
|Appraise the property based on the inspection result and other related data (they remain as the expert)|
Customize the degree of inspection by configuring pre-requisites and additional questions based on various clients and their orders.
|⬩ Complete appraisal orders efficiently |
⬩ Focus more on the valuation rather than scheduling and coordinating
⬩ Digitally configurable inspection requirements
3. Design Process
3.1 Understanding the Domain
Without a systematic understanding of the home inspection and appraisal processes in real life, it would be impossible to translate them into a digital experience. We conducted a series of desk research and built our knowledge base of the domain.
Home Inspection Anatomy
What are inspectors and appraisers looking for?
Analyze inspection forms & appraisal reports
We read through dozens of inspection forms and appraisal reports of different kinds, congregated key data points, and summarized them into categories.
Watch video recordings of home inspections
Although not able to shadow inspectors on-site for privacy reasons, we got to observe and document the actual inspection process through video recordings.
3.2 Workflow Diagraming
After a thorough analysis of the inspection process, we were able to prioritize the key data points required for the MVP product and put them into a 4-step-user-flow.
⬩ 4 Major Steps for Self-Inspection
⬩ Application Flow (Click to view the full-size image)
3.3 Iterative Experience Prototyping
A home inspection is typically done by a trained professional. Naturally, one of the major design challenges was to capture the essence of the existing workflow and then turn it into a fast, intuitive process that can be completed by non-expert users.
To explore possibilities, multiple prototypes were created along the process, from low to high fidelities. We conducted several rounds of user tests and iterated based on the results.
The first lo-fi wireframe allowed us to visualize the high-level user flow and communicate the idea to stakeholders and developers for feedback. After reaching a consensus, we proceeded with revised wireframes and started storyboarding.
The self-inspection requires users to actively move around in a physical space and capture requested data. To ensure a smooth and intuitive process, we created storyboards to demonstrate the experience and help us better empathize with end-users.
After determining the major user behavior through researching and storyboarding, we created the second wireframe with more details sorted out: UI content, layout, and the core interaction flow from onboarding tutorial to post-inspection. It allowed us to further validate the user needs.
We organized usability testing utilizing Think-Aloud Protocols: we let users conduct “imaginary inspections” with the mid-fi prototype at their home, and talk through the process. We found out what made sense to them, and what was not, and made adjustments accordingly.
3.4 Usability Findings & Design Decisions
Several insightful findings came out from the usability testing that impacted our design decisions.
Concise vs Conversational
In the usability test, more users tended to prefer the page title being conversational over concise, which provided the sense of “actually being guided”. To keep users engaged, instead of saying “Room Information”, we say “Tell us something about this room.”
Linear vs Non-linear
It is hard to predict the interior layout of one’s home. Our test results also suggested that users prefer retaining the flexibility of inspecting any room at any time, rather than being given a fixed sequence.
Designed for Fingers
Performing self-inspection requires users to complete a series of tasks on a rather small touch screen. Some questions may contain over 50 checkable items. We used circular, medium-to-large size buttons and checkboxes to mitigate the interaction difficulties, and ensure a finger-friendly experience.
4.1 User Interface
Less Than 20 Minutes
A typical self-inspection takes less than 20 minutes, according to the time study.
Up to 80% Saving
With EXOS Inspect, the cost of a home appraisal can be reduced up to 80%.
Released June 2020
Benefit from the power of EXOS Inspect, an industry-changing technology that allows borrowers to conduct self-service virtual inspections. By combining leading industry data with geo- and time-stamped user-generated media, EXOS Inspect will help you streamline a variety of lending and servicing processes and enhance your risk management strategy.
Demo presented at the Digital Mortage Conference 2019, hosted by National Mortgage News, in Las Vegas, NV.
“…(EXOS Inspect) makes the appraiser’s personal visit redundant, but still provides him or her with the necessary information and visuals to complete the appraisal.“
Winner of 2021 HW Tech 100 (top technology innovators in the housing industry), as part of EXOS digital mortgage service suite.
Thanks for reading 🙂