LightBox, a leading provider of commercial real estate data and technology solutions, today announced the launch of LightBox Fundamentals, a new data solution that transforms appraisal reports into structured data for faster compliance, analysis, and decision-making within minutes.
Built for CRE lenders, Fundamentals leverages LightBox’s deep expertise and scale in appraisal data, drawn from an ecosystem that connects 1,200 lenders, 30,000 vendors, and processes nearly 200,000 reports annually. These reports generate a staggering 3.7 million data points per lender, annually, yet extracting and analyzing that information too often requires manual rekeying, external vendors, or weeks of processing.
“Appraisal reports are among the most trusted and data-rich sources in CRE lending, yet much of their value has remained locked in PDFs,” said Albert Lojko, President of LightBox. “Critical details such as cap rates, rent rolls, and value conclusions are buried in unstructured formats, making extraction slow, manual, and error-prone, and nearly impossible to scale.”
With LightBox Fundamentals, lenders, risk teams, and underwriters can apply CRE-specific AI to digitize and aggregate more than 80 data fields from long-form appraisal reports in minutes. This structured data unlocks portfolio-level insights into valuation trends, risk exposure, and performance metrics that were previously impossible to see.
Whether you’re a credit officer, chief appraiser, appraisal reviewer, risk manager, underwriter, or analyst, LightBox Fundamentals delivers immediate value through:
- Speed: Structured data delivered via Excel Add-In or API
- Precision: Reduce rekeying errors or manual interpretation
- Transparency: Instantly surface trends, comps, and valuation drivers across your pipeline
- Scalability: Immediately apply a single source of truth across lending, credit, risk, compliance, and portfolio management teams
By transforming every appraisal into structured data, lenders can now access structured data with full source traceability that is ready to use, model, or share.
“The launch of Fundamentals is part of our broader vision to modernize the CRE lending ecosystem,” Lojko added. “We’re building solutions that connect the entirety of professionals across CRE ecosystem with end-to-end tools for smarter, faster, and more confident decisions.”
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