AppraisalWorks launched a new platform, designed to streamline the real estate appraisal process and drive down costs for lenders, servicer and appraisal management companies. The platform will bring stakeholders into the appraisal process to offer communication with lenders, borrowers, processors and appraisers.
"AppraisalWorks gives lenders and servicers a single, web-based technology platform for managing their own appraisals. Lenders and servicers can manage all appraisals and loan types from a single interface," according to the company. "With both the community and enterprise versions of AppraisalWorks, lenders gain access to a nationwide, pre-screened network of licensed or certified appraisers. In addition, lenders have the option to onboard in-house appraisers and appraisal management companies."
Among the key features of the platform are:
►Built-in and customizable business rules ensure process and compliance adherence
►Process automation with patented workflows that span the full lifecycle of the appraisal process
►Ability to configure work queues and workflows to match each company’s unique processes and operating procedures
►Flexible reporting and analytics to allow for greater insight and business improvement
Click here to learn more about the new AppraisalWorks platform.
Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
The Argyle-powered addition brings income, employment, and asset verification into one service, with bank-connected data flowing directly into the loan application
The tool projects how borrower actions could affect VantageScore 4.0 scores across three bureaus, extending competition with FICO into borrower preparation
The mortgage banker’s new point-of-sale deployment fits a broader recruiting message built around operational support, technology, and more time to develop business