ReverseVision Inc. has released Version 4.0.0 of its flagship ReverseVision product, ReverseAccessVision (RAV), a powerful integrated new module, is included in this release. RAV will provide a full library of services tightly integrated into the core ReverseVision originations system. RAV currently includes Interthinx, a fraud detection service, and the latest release, appraisals via Mortgage Information Services Inc. (MIS).
The appraisal service integration through RAV enables a user to order an appraisal by simply clicking a button. The ReverseAccessVision system manages the order, status and delivery of the appraisal. With each appraisal ordered, the system will automatically enter the order date as soon as the request is submitted successfully.
“The new appraisal service is an incredible time saving feature for our clients and will be a major asset in our already streamlined process of creating reverse mortgage loans,” said Jeff Birdsell, ReverseVision product manager.
The system will also enter dates like “Appraisal Scheduled,” “Appraisal Date” and “Appraisal Received,” as well as all the detailed information on the appraiser directly into the ReverseVision system—all of this will be done automatically. ReverseVision has also implemented a new “Appraisal Services” screen containing all of existing ReverseVision appraisal fields as well as many new ones.
“The combination of our appraisal process with ReverseVision’s technology offers a valuable time-saving advantage to users, allowing them to focus on their core tasks rather than on order submission and tracking through a separate process,” said David Stroop, regional vice president of MIS.
Using the new integrated appraisal service, a completed order will bring the appraisal document, plus the appraisal invoice, automatically into ReverseVision directly attached to the loan. At the same time the appraisal is attached to the loan, the service will populate most of the fields on a new screen with values from the appraisal. All that is left for the user to do is review the results, saving users valuable time.
“The addition of the appraisal service integration continues to build our library of tightly integrated services, which are now known as ReverseAccessVision," said John Button, president and CEO of ReverseVision. "Our customers have made it clear that service integration is a powerful tool for them to streamline the originations process, drive down cycle-time and save cost. We are responding to that need with ReverseAccessVision—a powerful, simple to use, ever expanding library of services.”