Skip to main content

Elliott and Company Appraisers Unveils Web-Based Appraisal Review Product

NationalMortgageProfessional.com
Mar 28, 2012

Elliott & Company Appraisers has introduced an appraisal review system, RevuPro, designed to meet the needs of its clients who need a fast and economical Web-based appraisal review product that addresses the mandates of recent mortgage industry regulations. RevuPro is not only compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), but it also addresses the requirements of both pre-funding and post-funding collateral-management mandates for commercial, as well as residential properties. “RevuPro offers a comprehensive risk-management system that complements the lenders’ efforts to insure high-quality appraisals from their appraisal sources,” said George Williams, director of client services at Elliott & Company Appraisers. RevuPro is designed to cascade from the most basic to the most comprehensive, permitting the lender to reduce administrative overhead. RevuPro offers a comprehensive risk management system, which would complement the lenders’ efforts to insure high-quality appraisals from their appraisal sources, and reduce risks inherent in the mortgage lending business. It further offers a firewall between the lender’s loan officers, administration personnel, underwriting staff and servicing department.
Published
Mar 28, 2012
5 Federal Agencies Propose Guidance For ROVs

Addresses reconsiderations of value (ROV) for residential real estate transactions. 

Freddie Mac Adds Affordable Housing Program For Native Americans

HeritageOne will increase access to affordable mortgages for tribal members living in tribal areas.

6 Federal Agencies Seek Comment On Proposed Rule For AVMs

The rule is intended to ensure the credibility and integrity of Automated Valuation Models.

FHA Proposes New Program To Help Struggling Homeowners

Legal expert questions whether agency has authority to implement the program.

Fitch Places Fannie, Freddie On Negative Ratings Watch

Ties credit rating to outcome of U.S. debt limit negotiations.

FHFA Director Strongly Defends New GSE Pricing Framework 

Tells House committee it’s “simply not true” that financially stronger borrowers are subsidizing others.