Zaio Corp. and its Scottsdale, Ariz.-based subsidiary Zaio Inc. have launched the Propertywise Qualified Appraisal Program.
Mortgage brokers can place a Propertywise Qualified Appraisal order through Zaio's new technology platform, and Zaio will assign the order to an independent, pre-screened appraiser, the company says. When the appraisal is returned, Zaio will review it, reconcile the value against automated risk indicators and deliver the appraisal to the broker.
GMAC ResCap recently reached an agreement to use Zaio's Propertywise Qualified Appraisal program for certain mortgages purchased through their Homecomings Financial wholesale channel. GMAC-ResCap worked with Zaio to create quality-control procedures that promote the independence contemplated in the proposed Home Valuation Code of Conduct and deliver high-quality appraisal reports with great service to mortgage brokers.