Appraisal Management Services

For Mortgage Lenders in USA & Puerto Rico 

^{In today's highly regulated mortgage markerplace, lenders are acutely aware of the constantly changing rules and regulations and, more importantly, the burden of maintaining strict compliance in this environment. The risk of noncompliance and costly penalties has grown significantly. The last thing a lender wants is for regulators to come in and find compliance issues.}

^{It is within these market conditions that technology can be a great enabler. In order to more effectively comply with these constantly changing rules and regulations, Mortgage Documents Solutions, Inc. (MDS), provider of secure online technology solutions for the mortgage lending and settlement services industries, has released an online appraisal platform that allows appraisers and lenders keep their established business relationships and bring the required level of Home Valuation Code of Conduct (HVCC) compliance to their property appraisal relationships. The system - Appaisal Firewall - offers all of the HVCC compliance features that a lender needs to fit precisely into their HVCC processes - designed specifically to save lenders time and minimize the impact of HVCC on lender business. Appraisal Firewall hooks directly into the existing MDS mortgage services technology platform for lenders and settelment service providers.}

^{MDS/AppraisalFirewall (MDS/AF) Platform delivers valuation reports for home refinance and purchase transactions in compliance with HVCC and USPAP. With many lenders and appraisers gearing up for this requirement,  MDS/AF seeks to avoid disruptions in lender-appraiser business by letting lenders and appraisers keep their local relationships, by routing and managing the transaction, and by maintaining the HVCC-required level of separation.}

^{"MDS/AF is not a AMC (appraisal management company) platform," says Maritza Selva, President of MDS, Inc. San Juan, PR and Dave Black, President and CEO of SharperLending LLC in Spokane, Wa. "Traditional AMCs have their place in the US market serving the national lenders. What sets MDS/AF apart is that it is focused on the lender’s trusted appraisal relationships and not the lowest-cost appraisal provider. Lenders get the highest quality appraisal because they bring their established appraiser panel to the platform and put them in a rotation based on preference, turn times, and coverage to make their relationship compliant. Appraisers do business with their same lenders for full fee valuations, and in being on the platform; they get exposure with other lenders for addition to their panels, or for out-of-area needs. Lenders reduce their cost and hassle of appraiser rotation management, and appraisers need to be available on all platforms in anticipation of HVCC. Signup is free for lenders and appraisers, and there are no membership fees."}

^{Lenders can signup with MDS/AF and we will send online invitations to their current appraisers, who can register with MDS/AF and be placed in that lender’s appraisal order rotation. This allows lenders and appraisers to keep their local established relationships they have in place today, and adds HVCC compliance required by the GSE’s and HUD/FHA through an automated, blind appraiser panel rotation. The need for lenders to manage their appraiser panel rotations in person is eliminated, and appraisers receive the same fees they have negotiated with their lenders today. Appraisal Firewall takes an appraisal order and places it within that lender’s preferred or screened appraiser panel. The appraiser that is selected to work on an appraisal can be chosen either by Appraisal Firewall technology, or you can assign the appraiser to the order manually. Appraisal Firewall’s automated order assignment utilizes vicinity to subject property, products offered by appraiser, historical appraiser quality, and other pertinent appraiser selection criteria. The system also offers blind fee negotiations between the two parties, dispute and review management, audit tracking and management for the entire transaction. All these features provides the tools the lenders need to certify themselves each appraisal as HVCC Compliant.}

APPRAISAL FIREWALL IS A TRADEMARK OF SHARPERLENDING, LLC