Posts

Lender Uses Technology To Manage How Its Brokers Order Appraisals

JMAC Lending has implemented the Mercury Network platform to manage all appraisal orders placed by their brokers; routing the orders intelligently to their appraisal management company (AMC) partners. This implementation also ensures compliance with established appraisal independence and third-party oversight requirements.

Featured Sponsors:

 

 
Specifically, Mercury Network announced the addition of JMAC Lending, a wholesale and correspondent lender based in Irvine, Calif., to their client portfolio. Mercury Network’s suite of software solutions is used by nearly 1,000 of the nation’s lenders and appraisal management companies to manage real estate valuation operations and collateral risk on their web-based platform.

Featured Sponsors:

 
With Mercury, JMAC has a single view into appraisal ordering regardless of the AMC selected and can train brokers on one system while maintaining single audit trail of the entire appraisal transaction.  Mercury integrates with each of their AMCs so that orders, payment, statuses, and completed appraisals flow seamlessly between Mercury and the AMCs platform without the need to visit multiple sites or re-key information.

Featured Sponsors:

 
“We are proud to provide all of our customers with a fast and efficient solution to order appraisals from their AMC vendors”, said Jennifer Miller, President of Mercury Network. “JMAC Lending is an industry leader and we are pleased with the opportunity to provide technology solutions that provides efficiency and high-quality service to their business, and their brokers.”

JMAC joins a growing client list at Mercury Network seeking access to the company’s web-based platform that automates vendor management, valuation ordering, tracking, documentation, and review for AMCs and Lenders. With the in-depth data provided through Mercury Network’s tools, clients are better equipped to manage workflow in more efficient means, which contributes to the company’s productivity and success.

“Companies like JMAC Lending recognize the need for the data and processes that our solutions provide in workflow management,” said Miller. “I’m honored that they have chosen to work with us, and I’m confident that our technology will help in their overall productivity and contribute to their long-term success.”

Progress In Lending
The Place For Thought Leaders And Visionaries

Lender Embraces A More Efficient Appraisal Process

American Financial Network, Inc. (AFN), one of the country’s fastest growing mortgage companies with more than 30 appraisal management company vendors, has deployed Mercury Network to manage efficient, compliant appraisal operations. Mercury Network’s technology is used by more than 800 of the nation’s lenders and appraisal management companies (AMCs) to manage real estate valuation operations and collateral risk.

Featured Sponsors:

 

 
AFN’s collateral valuation operations will be managed using Mercury Network’s web-based platform to place and track appraisal orders with their AMC partners. The implementation allows AFN to order and see status on valuations from within their loan origination system, significantly reducing delays and human errors, while effectively routing orders to AFN’s chosen appraisal management companies.

Featured Sponsors:

 
“The appraisal process is critical for our loan officers and clients, and we weighed several possible solutions. Mercury Network gives us consolidated control across all our AMC partners and efficiency gains that have already made a great impact for our customers and staff”, said Jonathan Gwin, Esq, COO and General Counsel at AFN. “Now, staff can order and manage all appraisals from a single secure dashboard, rather than navigating to each vendor’s website.”

Featured Sponsors:

 
“We’re excited to welcome American Financial Network”, said Jennifer Miller, President of Mercury Network. “Their commitment to innovation and client service is well known in the industry, and we look forward to helping AFN continue to scale operations at their rapid pace.”

Established in 2001, American Financial Network, Inc. is a licensed mortgage lender (NMLS #237341) based in Brea, CA. AFN is a FNMA, Freddie Mac, GNMA approved direct lender with over 100 branches in numerous states.

Progress In Lending
The Place For Thought Leaders And Visionaries

Accurate Group Expands Its Team

Accurate Group, a provider of real estate appraisal, title and compliance services, announced the expansion of its sales team. Matthew Lichtner, a mortgage and settlement services industry veteran has joined the Accurate Group sales team as Senior Vice President, National Account Manager.

Featured Sponsors:

 

 
Matt has close to 30 years of experience, having served in a number of senior level sales positions within the title insurance and information industry. Matt has extensive knowledge in property data products and services, technology platforms, and business process outsourcing across all segments of the mortgage industry.

Featured Sponsors:

 
“Matt’s focus will be to drive new title and valuation sales, including our industry leading ValueNet suite of products, using his unique relationships within the banking and real estate finance industries. Matt will concentrate on the west coast, specifically California where there is tremendous growth opportunity for the Accurate Group.  He will also market our AMC services to all areas of real estate lending,” stated Accurate’s National Sales Manager, Scott Vilseck.

Featured Sponsors:

 
Effective May 16, 2017, Richard L. Heltzel III will move from his current position as Director of ValueNet, a division of Accurate Group, to join the company’s sales team as Vice President, National Account Manager. Rich began his career with the Accurate Group in 2010 and was an integral part of the company’s explosive growth as an Appraisal Management Company (AMC). During that time, he managed Accurate’s Alternative Valuation Division in Cleveland where he successfully cultivated a nationwide network of inspection companies along with overseeing Accurate’s reseller relationship with ValueNet. When Accurate acquired ValueNet, Rich relocated and assumed the role of Director, overseeing Accurate’s GroundWorks inspection business.

“Rich has been extremely successful in his role as Director of Accurate’s ValueNet suite of products,” said Scott Waxman, Chief Appraiser and President of Accurate’s ValueNet division. “Given his prior success within the company, I’m looking forward to watching his continued development as he diversifies and expands within our organization.”

“I’ve asked Rich to lead Accurate in winning new title and valuation revenue in the northeast region as well as specific target accounts across the United States,” stated Vilseck. “Based on Rich’s drive and product knowledge, along with his desire to pursue a career in sales I felt this was the perfect opportunity for him to continue to grow within the company. I’m excited to make this announcement – I expect Matt and Rich’s expertise will help further accelerate revenue growth and solidify Accurate Group’s position as a market leader in real estate title, appraisal and valuation products and services.”

Accurate Group continues to attract outstanding talent along with mentoring their current employee base to solidify its future and expand at a rapid pace. This move will allow Accurate Group to further diversify its customer base, increase market share and continue to deliver exceptional service to its growing client base of banks, credit unions, mortgage servicers and real estate lending organizations.

Progress In Lending
The Place For Thought Leaders And Visionaries

Pendo Launches Automated USPAP Standard 3 Compliance Tool

Pendo, a nationwide appraisal management company (AMC), has launched an automated USPAP (Uniform Standards of Professional Appraisal Practice) Standard 3 compliance tool to add to their list of proprietary technology solutions for appraisal management. The company has also developed an appraiser recruiting tool that helps its dedicated client success team find, track and engage appraisers for traditionally difficult assignments involving unique properties, or properties in high demand or sparsely populated areas.

Featured Sponsors:

 

 
USPAP Standard 3 “establishes requirements for development and reporting of an appraisal review assignment involving a real property or personal property appraisal,” according to the Appraisal Institute. Pendo’s proprietary USPAP Standard 3 review tool manages the appraisal review requirements set by each state. It allows the appraiser to look at the original appraisal, along with the review form and supporting market data, all in one view. The tool also tracks the number of appraisals Pendo has completed in each state and notifies Pendo when it is time to complete more reviews to meet the state AMC requirements. Housing the reviews and having access to necessary reporting within the tool satisfies the requirements for each state while automating the process and ensuring each appraisal is compliant.

Featured Sponsors:

 
Pendo’s quality and compliance efforts center on a configurable proprietary technology that allows each client to customize its quality control process according to its own unique requirements. “If lenders want to achieve the highest quality and compliance, they need to have performance-based metrics to review, analyze and make adjustments as needed,” said Jeff Sandman, co-founder of Pendo. “We give our clients the metrics to make informed decisions, and we’ll be doing a lot more in the future.”

Featured Sponsors:

 
To lead its quality and compliance efforts, the company recently hired Molly Hoskins, certified appraiser, as vice president of quality and compliance. This position and a continued focus on technology are part of the company’s disruption-based growth plan, which includes using advanced technology and other dedicated resources to elevate quality, compliance and service levels far above current industry standards.

The newly hired Ms. Hoskins will lead the company’s quality and compliance program, which includes growing Pendo’s use of proprietary technologies and metrics that not only assure appraisal quality and compliance, but also elevate client engagement.

Progress In Lending
The Place For Thought Leaders And Visionaries

Collateral Valuation: 10 Ways To Prepare For The Busy Season

website-pdf-download

Appraisal turn times are longer and fees are higher in many areas of the country, and we’ve just barely begun the Spring buying season. Many lenders are scrambling to make sure they’re ready for an uptick in originations, and process and efficiency of operations can make a major difference to your bottom line.

In the mortgage industry, we almost always see an increase in activity in the Spring, and many analysts are predicting more activity than is usually forecasted for the Spring of 2017. When volume really heats up, it’s critical that your collateral valuation process can support your increase in production. If not, you will waste tremendous time in operations, you could delay closings, face disappointed borrowers, and even lose deals.

Featured Sponsors:

 

 
You CAN be prepared and meet these challenges head on to really add significant value to your institution. There are powerful collateral valuation tools available that will help you stay ahead of your competition and power your operations to run more smoothly than they ever have before. You can be prepared for the busy season, and even be in a strategic position to support your growth moving forward. Here are 10 ways to streamline your collateral valuation and operations.

1.) Trade spreadsheets for software. If you’re still managing your collateral valuation operations with spreadsheets, consider using an appraisal management system. Change is always hard, but talk to some of your industry colleagues to get feedback on the right system for your institution. Don’t be intimidated by costs. Appraisal management systems typically charge on a per-order basis, so you only pay for what you’re actually using. Plus, many of these systems allow you to pass the software fee to your vendor, so you see all the efficiency benefits and aren’t actually paying for it. You may think spreadsheets are enough if your volume is fairly low, but you can get several more efficiency benefits out of your appraisal management system so take a look at this option before the Spring real estate market really heats up.

150-quote

 

_______________________________________________________________________________________

 

In the mortgage industry, we almost always see an increase in activity in the Spring, and many analysts are predicting more activity than is usually forecasted for the Spring of 2017.

If you’re still managing your collateral valuation operations with spreadsheets, consider using an appraisal management system.

____________________________________________________________________________________________________
 
2.) Get easy access to more than enough vendors so you’re covered. Whether you use appraisal management companies (AMCs) or appraisers directly, now is the time to make sure you have more than enough vendors to support you when things get busier. If you’re scaling up operations in specific regions of the country, plan ahead to make sure your valuation vendors are in place and can handle your assignments. If you’ve had trouble finding the right appraiser or AMCs in certain areas in the past, it’s time to beef up your pool of eligible vendors now so you’re not left without a vendor as your volume heats up.
Make sure you have the flexibility to easily add or swap vendors. In your appraisal management system, you should be able to place orders with either AMCs or appraisers, and you need the ability to quickly add new vendors to your system without hassles or delays.

3.) Monitor your vendors’ capacity so orders can be distributed and your turn times are faster. Your appraisal management system should provide a view into your vendor’s current workload so you’re not assigning orders to someone who is already overloaded. Sending the order to a vendor who is already at full capacity, or even late with some of your appraisal orders, will only delay your report. If they accept the order, you may be waiting longer than you prefer. If they don’t accept the order, you will have wasted that time up front, and have to start again by re-assigning to the next vendor in line and wait for them to accept or decline the order. This inefficient process can add days to your turn times at the beginning of the process, but there are many ways to mitigate these administrative delays.
Instead, you can use technology to automatically select multiple appraisers and contact them before assigning the order. This can get your appraisal started much faster since you will avoid assigning orders to vendors who can’t meet your turn time, only to blindly assign to the next in line, who may also be too busy. In this process of going from individual vendor to the next in line, you can waste days just trying to assign the order.

Featured Sponsors:

 

 
4.) Use vendor ratings. Inside your appraisal management system, use the ratings system to grade each vendor after each assignment is delivered. It will only take a few seconds on each order if you’re using a simple star rating system, but it will give you a broad view of performance across multiple orders. You can use those ratings to more efficiently assign future orders, plus you could avoid a problem vendor with poor ratings and save valuable time by choosing a highly rated vendor instead.

5.) Check vendor performance data. Detailed statistics on vendor performance should be automatically tracked inside your appraisal management system. It’s important to take a few minutes to review these performance stats periodically and adjust your order routing accordingly. You can track acceptance rates, rework rates and several other metrics, plus revision turn times. Make sure your appraisal management system gives you easy access to these vendor performance statistics. Also, look for a platform that will deliver custom reports on the performance stats that mean the most to your operation.

6.) Make sure vendors are using technology to accelerate their turn times. Your appraisal management system provides powerful mobile tools to appraisers (for free) that can help appraisers manage orders and respond to you much faster. Mobile apps have proven to reduce order response time by ?, and they can cut a full business day off report delivery turn times. Since the mobile applications are free, make sure to encourage the appraisers in your fee panel to use the technology at their disposal to provide faster service.

150-quote

 

_______________________________________________________________________________________

 

In less than 10 days, you can be in a much stronger and more strategic position to help your institution leverage the busy Spring mortgage markets.

If you want to take advantage of the busy season, it’s critical you have a collateral valuation plan in place to support your production team and your borrowers.

____________________________________________________________________________________________________
 
7.) Integrate your appraisal management system with your LOS. This will save valuable time with several benefits. First, you will eliminate data entry mistakes that cause delays. Since order information flows directly from the LOS into the appraisal data, you won’t have to manually enter orders. Second, an integration with your LOS will give your staff a live status on their appraisal order. Instead of wasting your time with phone calls and emails asking for status, they can see exactly what’s going on with the appraisal right inside the LOS. Third, your staff will save valuable time since they’re not forced to log in to a variety of systems just to order an appraisal. If everything is handled from inside their familiar LOS, the valuation process can be simplified and accelerated significantly.

8.) Use a single dashboard to view all your collateral valuation operations. With a consolidated dashboard, you can view all your collateral valuation orders across all channels. These technology dashboards are easy to customize to suit your workflow and preferences, so processing and managing your operations is easier and must faster.

9.) Consolidate all valuation orders to one platform to save more time. If you’re ordering residential appraisal reports, QC reports, AVMs, commercial appraisals or AMC services from multiple websites, consider consolidating these orders to one technology platform. You can still use your preferred vendors, and you will save valuable time by avoiding multiple websites or processes. Your appraisal management system can serve as a single login for all your collateral valuation operations, and you gain a wide view of everything in your pipeline, rather than have it scattered on various vendor websites.

Featured Sponsors:

 

 
10.) Automate vendor selection based on what’s most important to you. You can use your appraisal management system’s tools to customize criteria so the best vendors are suggested for each order. If you prefer a vendor be within a certain radius of the subject property, use technology to filter and show you only those eligible vendors. The automation options are endless, and you can easily filter vendors by their ratings, their turn times, on time percentage, quality ratings, professionalism ratings, order acceptance percentages and more.

If you want to take advantage of the busy season, it’s critical you have a collateral valuation plan in place to support your production team and your borrowers. To be prepared, it doesn’t take nearly as long as you might think. In less than 10 days, you can be in a much stronger and more strategic position to help your institution leverage the busy Spring mortgage markets.

About The Author

Patrick Scott
Patrick Scott is a Senior Sales Consultant for Mercury Network, a vendor management platform used by more than 700 lenders and AMCs. His appraisal management and compliance expertise spans smaller community banks and credit unions to the largest lenders and AMCs in the country. He consults with Mercury Network clients on appraisal workflow, compliance, and efficiency issues and he can be reached at Patrick.Scott@MercuryVMP.com.

ASA And NAIFA Continue Merger Plans

The American Society of Appraisers (ASA), the original multidisciplinary valuation society, and the National Association of Independent Fee Appraisers (NAIFA), a voice for independent professional real estate appraisers, have reached an agreement to move forward with a Memorandum of Understanding leading to the merger of NAIFA into ASA. Boards for both organizations will provide details to their memberships in upcoming weeks for final consideration and approval.

Featured Sponsors:

 

 
The merger will add to ASA’s nearly 5,000 multidiscipline credentialed valuation professionals in over 75 countries and 63 chapters throughout the world and create one of the largest networks of U.S. professional real estate appraisers.

Featured Sponsors:

 
Jim Hirt, Chief Executive Officer of ASA will jointly oversee the integration of the two companies’ product and service offerings, and ensure a united transition experience. NAIFA members will have greater access to leading professional development, accreditation and government relations programs, while ASA members will have a larger pool of experienced experts for networking, referrals or review services. Consumers, businesses or government agencies who order appraisal services will also benefit by the added number of credentialed professionals to ASA’s free “Find an Appraiser” Referral System.

Featured Sponsors:

 
“This is a natural fit and the two organizations complement one another perfectly,” said NAIFA President, David Doering. “ASA’s commitment and ongoing efforts to raise standards and better the appraisal profession is a long-standing passion of our members and a notable part of our organization’s history.”

ASA’s International President, Susan Golashovsky added further saying, “Today marks the start of a new chapter for ASA and NAIFA on our continued quest to be recognized and respected around the world for the integrity and appraisal expertise of our members.”

About The Author

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.

Mercury Network Announces Another Big Acquisition

After recently acquiring Platinum Data Solutions, Mercury Network continues to complete strategic acquisitions. Now, Mercury Network, the valuation technology company used by more than 800 lenders and Appraisal Management Companies (AMCs), announced it has acquired Appraisal Scope, Inc., a fast-growing provider of valuation management software. Here’s what this acquisition means for the mortgage industry:

Featured Sponsors:

 

 
“The nation’s housing economy depends on efficient, accurate valuation operations,” said Will Clemens, CEO of Mercury Network. “The acquisition of Appraisal Scope, combined with our expanded investments in R&D, allows us to offer lenders and AMCs of all sizes the most innovative collateral valuation tools from a single provider.”

Featured Sponsors:

 
Jennifer Miller, President of Mercury Network, added, “With this acquisition the combined companies now have more than 45 staff members dedicated to product development and IT. Both platforms, Mercury Network and Appraisal Scope, will continue to be offered, and we plan to continue our investment into both.”

Featured Sponsors:

 
“We feel great alignment with Mercury’s culture and mission,” said Jordan Rothstein, Founder of Appraisal Scope. “The combination of the two companies will allow Appraisal Scope customers to benefit from Mercury’s greater scale and infrastructure. We will thrive and continue to grow and innovate as part of Mercury.”

No sale price was disclosed. Appraisal Scope, Inc. is a leading provider of valuation management software for appraisers, BPO providers, AMCs and mortgage lenders. The company’s technology is integrated with more than 40 industry vendors and offers a single destination for AMCs and lenders, no matter how complex their valuation management needs. Appraisal Scope, Inc. is based in Baltimore, and was founded in 2011.

Mercury Network now serves almost 1,000 lenders and AMCs with six core valuation technology solutions, including the two leading appraisal management platforms, as well as Add-on modules for commercial appraisal, appraisal quality control, alternative valuations, and additional closing services such as flood certificates and income verification.

Progress In Lending
The Place For Thought Leaders And Visionaries

Firm Analyzes 2016 And Looks Head To This Year

Summit Valuations, LLC, a full service valuation company, has released its February Residential Real Estate Market Overview based on data compiled in December 2016, the most current industry information available. This month’s report includes an analysis of 2016 performance from Summit’s Chief Valuation Officer, Mark Melikian, author of the report, as well as a projection for what we can expect in 2017.

Featured Sponsors:

 

 
“Looking back at the performance of the US residential housing market in 2016, we see a lot of fluctuation in all six of the data categories that we tracked last year,” Melikian said in his report. “The most significant of these was the year to date increase (January – December) in median price. At 8.7%, this is the greatest home price appreciation we’ve seen on a national basis in the past three years. According to statistics from the National Association of Realtors, the annual increase in median price during 2014 was 5.7%, in 2015 it was 6.8%.”

>>Changes observed in the other metrics Melikian tracks in his monthly market report include:

>>The median sales price of an existing home was $213,700 in January. It peaked at $247,600 and ended the year higher at $232,200.

Featured Sponsors:

 
>>The seasonally adjusted annual rate of homes sold began the year at 5,470,000, dropped to a low of 5,070,000 in February, then ended the year higher at a rate of 5,490,000 homes sold.

>>There was a four-month supply of existing homes for sale at the beginning of the year. It rose steadily to a high of 4.7 months in May and July, then dropped to its year end level of 3.6 months.

>>The pending home sales index in January was 105.4, it spiked to 115 in April and has ended the year higher at 109.

>>The unemployment rate started the year at 4.9%, rose to 5% in March, April, and September, then went down to 4.7% at the end of the year.

Featured Sponsors:

 
>>Mortgage interest rates for a 30-year fixed rate averaged 3.87% in January, dropped to 3.44% in July and August, then increased to end the year at 4.2%.

“With housing starts remaining at a relatively low level and inventory levels at a year-long low, we can expect to see fewer transactions coupled with price appreciation into the first quarter of 2017,” Melikian said. “However, a significant move in mortgage interest rates will likely have an impact on the rate of sales and, longer-term could impact housing prices. These statistics will continue to be presented and analyzed in subsequent reports.”

On a regional level in December, the South had the highest number of existing home sales and the West had the highest median price. The Northeast, Midwest and West experienced declines in the number of seasonally adjusted existing home sales while the South remained level. The Northeast experienced the highest increase in median sales price at 2.8%, month over month.

Summit’s report provides data made public by the U.S. Government, the National Association of Realtors and Freddie Mac. Melikian has been appraising real estate since 1987 and has been active in nationwide valuation services since 2005. He has successfully led teams of analysts, developed valuation services to meet client needs and represented buyers and sellers in secondary market loan tie out meetings. Much of his recent experience has focused on forensic reviews of REO properties for Fannie Mae and Freddie Mac. Mr. Melikian holds a B.S. in Business Administration from San Diego State University.

About The Author

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.

Mercury Network Names New SVP Of Sales

Mike Brown has joined Mercury Network as Senior Vice President of Sales. Mike has been assisting lenders and AMCs with vendor management and technology for more than ten years, having served as a partner and client of Mercury Network with industry leaders StreetLinks and RealEC. Mercury recently acquired collateral analytics provider Platinum Data Solutions, and Brown will head the newly combined sales teams, and help set strategic direction for the company’s continued growth.

Featured Sponsors:

 

 
“I’m excited to join the Mercury team”, said Brown. “Mercury Network’s agile culture and history of rapid development positions the company to lead the innovation of the collateral management process, at a time when the industry needs it most. It’s the right team and the right time to improve the valuation process and provide more transparency for everyone involved in managing collateral risk.”

Featured Sponsors:

 
“We’re excited to welcome Mike Brown and look forward to him leading our sales team”, said Will Clemens, CEO of Mercury Network. “We’re developing and releasing new software and services that help our clients’ profitability and efficiency, and Mike brings invaluable insight as a software provider and as an industry principal. We look forward to kicking off 2017 with even greater opportunities for expansion with Mike on board.”

Featured Sponsors:

 
Mercury Network serves more than 800 of the nation’s leading lenders and appraisal management companies to manage real estate valuation operations and mitigate collateral risk. The company recently acquired Platinum Data Solutions, a leading collateral analytics provider, and offers a full product suite for effectively managing collateral risk operations.

Progress In Lending
The Place For Thought Leaders And Visionaries

Integration Makes Appraisals More Data Centric

Accurate Group, a provider of real estate appraisal, title and compliance services, has completed a new interface for ValueNet, its desktop appraisal technology platform, with CoreLogic FNC. CoreLogic is a property information, analytics and data-enabled solutions provider.  Joint clients – including banks, credit unions and other home equity and mortgage lenders – will benefit from greater efficiency as a result of the direct interface between the FNC technology and ValueNet products.

Featured Sponsors:

 

 
When used together, ValueNet appraisal data will be available as secure AI Ready XML for import to a lender’s loan origination system and the FNC GAAR review service. AI Ready is an industry standard that allows the secure delivery of valuation products as data. This seamless integration will provide valuable insight to lenders, stronger data governance and greater efficiency in the appraisal process.

Featured Sponsors:

 
“We are excited to offer this integration to our clients,” said Emily Scheuer Lowe, FNC Product Manager at CoreLogic. “Our ultimate goal is to always provide the best support for our mutual clients. Giving them the access to this form as data will allow clients greater flexibility and configurability.” She continued, “We have enjoyed working with Accurate Group and look forward to our expanded business relationship.”

Featured Sponsors:

 
FNC clients consuming ValueNet data will gain the ability to streamline the loan collateral valuation process, increase efficiencies for appraisal archiving and leverage FNC’s GAAR 360 automated appraisal review tools from CoreLogic. ValueNet is built around a USPAP-compliant desktop valuation process and is the leading desktop valuation solution on the market today due to its speed, accuracy and quality. The ValueNet technology platform is complemented by Accurate Group’s vetted, nationwide network of property inspection professionals and certified appraisers.

“The integration between FNC and ValueNet is a powerful combination of market-leading technology from two mortgage industry innovators that we expect will deliver a great deal of value to our joint clients,” said Paul Doman, president and CEO of Accurate Group. “We look forward to working with FNC to help lenders achieve greater efficiency and better insight into appraisal data.”

Progress In Lending
The Place For Thought Leaders And Visionaries