Mortgage technology provider SharperLending LLC has announced that its Appraisal Firewall technology has been selected by McLean Mortgage Corporation to order, process and deliver real estate appraisals. McLean Mortgage will be enhancing internal appraisal process efficiency by taking advantage of the enterprise-level real estate appraisal technology that Appraisal Firewall delivers to mortgage lenders.
Appraisal Firewall is a secure, Web-based technology solution for lenders to work with their trusted local appraisers and AMCs in one system to achieve management-level control and multi-department efficiency. Appraisal Firewall helps lenders comply with all appraisal independence regulations, including the Consumer Financial Protection Bureau (CFPB) requirements, Dodd-Frank Wall Street Reform and Consumer Protection Act, Interagency Appraisal and Evaluation Guidelines, internal and investor requirements, plus GSE requirements for lenders to submit UAD-compliant appraisals electronically to the Uniform Collateral Data Portal (UCDP).
"The ability to deliver great service at the best price for our clients was the key factor which drove us to this solution," said Nathan Burch from McLean Mortgage Corporation. "We wanted to maintain control over our branches and their appraisal ordering process, plus we wanted the option of working with our trusted local appraisers and AMCs in one place. Additionally, Appraisal Firewall helps us comply with all appraisal regulations and is integrated with our Loan Origination System which means that the process is as seamless as possible."