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AppraisalWorks' platform is now available through the ICE Mortgage Technology Platform. The integration is built on the latest Partner Connect API Platform and allows lenders to order, assign, monitor, and review real estate valuations, from a marketplace of AMCs and appraisers, directly through the Platform, according to a press release.
The integration allows lenders to leverage the platform and order appraisals and property valuations through both Encompass and Encompass LO Connect. Post-order entry, service automation within the AppraisalWorks platform drives the event workflow to eliminate need for human intervention on valuation orders, according to the companies. Lenders are able to set up approved vendor panels, customize workflows by lending channel and configure automated assignment logic to route orders based on patented business rule logic. Throughout the order process, stakeholders have permissions-based access to messaging, status updates, payment processing, and automated alerts. Once complete, appraisal and valuation documents are automatically delivered straight to the eFolder, populating key data elements in the Encompass system, where lenders can review the reports.
"Our secure, robust integration with the ICE Mortgage Technology Platform enables lenders to automate and simplify the process of ordering real estate appraisal and valuation services, so they can more efficiently process mortgage, home equity and refi loans and more profitably grow their business," said Ben Wiant, vice president for AppraisalWorks.