Residential and Commercial Lenders Benefit From This Comprehensive Real Estate Appraisal Software.
Appraisal Firewall is a web-based, secure appraisal program 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 any AMCs they partner with. Appraisal Firewall helps lenders comply with all appraisal rules while speeding up loan production and underwriting. Appraisal Firewall is not an AMC.
Appraisal Firewall: What's the Big Deal?
In comparison to almost all other collateral valuation systems, Appraisal Firewall completes appraisals faster than the competition. How? By providing web-based secure software that allows lenders to run their own residential and commercial assessment processes.
When you compare our features to those of other solutions, you’ll see that Appraisal Firewall outperforms them all. Appraisal Firewall gives you complete control over appraisal processes, making your origination process more efficient. Do you need to enable UCDP, set up a manual review process, or order commercial appraisals? Do you want to 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.
Lenders of all sizes get a comprehensive range of inexpensive, enterprise-level products, from national wholesale lenders to regional mortgage firms to local community banks and credit unions. Appraisal Firewall provides the Verisite line of property inspection products, as well as interfaces to all major LOS’s, including Ellie Mae® Encompass®, commercial appraisal solutions, the Appraisal Scorecard auto-review tool, FEMA disaster monitoring, and more.
Mobile Property Inspection Tools from Verisite
Appraisal Firewall’s Verisite range of solutions offers financial institutions a new, more effective approach to obtain property inspection reports and collateral valuation data. Borrowers, 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.
Home equity loans, disaster relief inspections, new construction progress evaluations, portfolio reviews, and other 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
The Appraisal Scorecard is a new type of automated appraisal assessment offered by Appraisal Firewall. The Scorecard expands what all auto-review technologies do now to be a multi-audience communication tool that helps reviewers, lenders, and appraisers work in real-time in this world of web-based, lightning-fast communication.
- Review periods are reduced 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.
- It scores complex data into five areas, improving the accuracy of your present review process.
- More files are caught before underwriting because of in-depth research and reporting on completeness, subject property data, comparative sales, regulatory, mortgage insurer, and investor criteria.