Skip to main content

Nationwide Appraisal Network Adds Automated QC Function

NationalMortgageProfessional.com
Oct 29, 2013

Nationwide Appraisal Network has announced that it has added an automated quality control tool to its platform. Lenders are committed to improved quality control and this tool ensures that clients receive appraiser reports in which errors are reduced 60 percent or more. That allows underwriting to perform their work faster and complete more files with improved accuracy and reduced costs. "There is always the question of which is better, manual quality control or automated quality control? We believe it’s a combination of both if you have the right automation, in our case a customized version of RealView from Platinum Data Solutions, to complement clients’ manual processes,” said Joni Pilgrim, Nationwide Appraisal Network co-founder and director of sales and marketing. Nationwide Appraisal Network recognizes the importance of developing and supporting flexible, scalable technology that makes the process simple —especially under the new regulations. “Adding an automated quality control feature to our QC process saves time, identifies and eliminates errors, and provides our clients with appraisal reports quicker so underwriting can do its work faster, more confidently, and more accurately,” said Cari Burris, co-founder and director of operations and finance for Nationwide Appraisal Network. “When clients receive the appraisals, the information has been verified and the errors have been fixed. They even have the option to add an AVM to the final delivered appraisal for further verification.”
Published
Oct 29, 2013
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Community
Oct 08, 2021