Coester Appraisal Group, a Rockville, Md.-based provider of appraisal management technology and services, has launched the Cloud Control Compliance Center, a new tool that is designed to allow lenders to ensure compliance with all major industry regulations, including the Dodd-Frank Act and the Truth in Lending Act.
According to the company, the Cloud Control Compliance Center can be customized based on the specific information a lender needs and enables lenders to verify appraisal compliance and print out a compliance report. Lenders can also use the tool to view appraisal contracts, audit and remove appraisers, check the license status or possible disciplinary actions of individual appraisers and ensure their specific policies and procedures are being followed.
The Compliance Center's reports are accessible via an on-screen view that can beÂ downloaded in PDF format and in printed form within Cloud Control's cData report, the company adds. The Compliance Center is accessible through Cloud Control, Coester Appraisal Group's recently announced appraisal management technology.