Appraiser Management Services    

San Juan, PR – December 23, 2008 ^{– Mortgage Documents Solutions, Inc. (MDS), provider in Puerto Rico of secure, online technology solutions for the local mortgage lending and settlement services industries, is ready to release a new online appraisal platform that allows appraisers and lenders to keep their established business relationships and bring the required level of Home Valuation Code of Conduct (HVCC) compliance to their property appraisal relationships (for more information on HVCC, visit the following link): http://www.ofheo.gov/media/news%20releases/HVCCFinalCODE122308.pdf. The new system – AppraisalFirewall – adds to the company’s current HVCC-compliant stance. AppraisalFirewall is available as a standalone product, and also hooks directly into the existing MDS mortgage services technology platform for lenders and settlement service providers.}

^{AppraisalFirewall 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, AppraisalFirewall 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.}

^{"AppraisalFirewall is not your traditional 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 lender that doesn’t have a local Puerto Rico presence. What sets AppraisalFirewall 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 AppraisalFirewall and send online invitations to their current appraisers, who can register with AppraisalFirewall 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 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. The system also offers blind fee negotiations between the two parties, dispute and review management, audit tracking and management for the entire transaction, and a certification statement based on the objectives of HVCC that voids any appraisal report delivered outside of the system.}

^{About SharperLending, LLC}

^{Headquartered in Spokane, Wash., SharperLending, LLC, was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company’s proven technology has processed more than 80 million secure credit-related mortgage transactions with more than one billion trade lines. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending Mortgage Services Division, the mortgage services platform; SharperLending Credit Division, technology for the credit reporting industry; and EPN Solutions, the loan origination product packaging division.}

^{About Mortgage Documents Solutions, Inc.}

^{Headquartered in San Juan, PR, MDS was founded in 2006. MDS provides an internet platform powered by SharperLending LLS, which provides access for mortgage settlement providers to deliver their products and at the same time, offers mortgage lenders a safe and economical tool from where the mortgage lender can expedite and manage all these settlement products.}

^{You can access Mortgage Documents Solutions, Inc. at: http://www.mdspr.com/ or email at info@mdspr.com or call at 939-642-7990}