SharperLending LLC, provider of online technology solutions for the lending and settlement services industries, is ready to release a new online appraisal platform that allows appraisers and lenders to keep their established business relationships and brings the required level of Home Valuation Code of Conduct (HVCC) compliance to their property appraisal relationships.
The new system, AppraisalFirewall, adds to the company's current HVCC-compliant stance. AppraisalFirewall is available as a stand-alone product, and it also hooks directly into the existing SharperLending mortgage services technology platform for lenders, brokers and settlement service providers.
AppraisalFirewall delivers valuation reports for home refinance and purchase transactions in compliance with HVCC. With many lenders and appraisers gearing up for this requirement, AppraisalFirewall seeks to avoid disruptions in lender-appraiser business by letting lenders and appraisers keep their local relationships by routing and managing the transaction and by maintaining the HVCC-required level of separation.
"AppraisalFirewall is not your traditional appraisal management company platform," says Dave Black, president and CEO of SharperLending LLC. "Traditional AMCs have their place in the market serving the national lender that doesn't have a local presence. What sets AppraisalFirewall apart is that it is focused on the lender's trusted appraisal relationships and not the lowest-cost appraisal provider."
Lenders can sign up with AppraisalFirewall and send online invitations to their current appraisers, which can register with AppraisalFirewall and be placed in that lender's appraisal order rotation. This allows lenders and appraisers to maintain their local established relationships, SharperLending says..
SOURCE: SharperLending