Improve Processing, Speed up Originations with Appraisal Firewall
Appraisal Firewall is a web-based, secure appraisal program by SharperLending Solutions (a Xactus subsidiary) that allows financial organizations to administer their own appraisal process. To achieve improved processing efficiency and speedier originations, lenders can interact directly with their trusted local appraisers and AMCs. Appraisal Firewall helps lenders comply with all appraisal rules while speeding up loan production and underwriting. Appraisal Firewall is not an AMC.
Appraisal Firewall Benefits
It’s Quick – It completes appraisals faster than the competition by providing web-based secure software that allows lenders to run their own residential and commercial assessment processes.
It’s Adaptable – Do you need to enable UCDP, set up a manual review process, order commercial appraisals or expand your panel with a new coverage region or appraiser? Simply check a box and save. Configurations are limitless, simple to comprehend, and straightforward to apply.
It’s All-Encompassing – Lenders of all sizes get a comprehensive range of inexpensive, enterprise-level products, including the Verisite line of property inspection products, as well as interfaces to all major LOSplatforms, including Encompass® by ICE Mortgage Technology™, commercial appraisal solutions, the Appraisal Scorecard auto-review tool, FEMA disaster monitoring, and more.
Mobile Property Inspection Tools from Verisite
Appraisal Firewall’s Verisite solutions offer financial institutions a new, more effective approach to obtaining property inspection reports and collateral valuation data. Consumers, appraisers, inspectors, and even Realtors® can snap property images for you using cutting-edge mobile technology for real-time property detail. Verisite then integrates this information with past property information to deliver current, complete property inspections that allow lenders to make faster decisions.
Loans and sub-loans that don’t require comprehensive appraisals can all benefit from Verisite products.
Automated Reviews with Appraisal Scorecard
Risk Management Through Reliable Appraisal
- Reduces review periods from days to hours or less by interactive collaboration between the lender, reviewer, and appraiser
- Filters which files should be submitted to a human for evaluation and which should not, saving time and money
- Scores complex data into five areas, improving the accuracy of your present review process
- Catches more files before underwriting because of in-depth research and reporting on completeness, subject property data, comparative sales, regulatory, mortgage insurer, and investor criteria