Ellie Mae, a provider of software and services for the mortgage industry, has partnered with First American CoreLogic, a member of the First American Corporation family of companies, to provide a solution that allows appraisers to retrieve the appraisal order and the property data required to begin the appraisal process.
Ellie Mae's Encompass Appraisal Center is a free online service that enables appraisers to receive electronic appraisal orders from loan originators using the Encompass Mortgage Management Solution. Currently, approximately 250,000 appraisals are ordered each year through the Encompass Appraisal Center, the company says.
With the Property Pak, appraisers can retrieve those orders and simultaneously receive up-to-date property information, including a property detail report, a transaction history report, a sales comparable report, street and aerial maps, a parcel map and a flood map. Appraisers can purchase the Property Pak as either a single report package or on a monthly subscription basis.
‘This partnership with Ellie Mae enables appraisers to rapidly access the most current and comprehensive property database available,’ says George Livermore, CEO of First American CoreLogic.
Source: Ellie Mae