Program Tailors Appraisal Option
The appraisal process has remained very paper and labor intensive. In a down market, the need to automate even paper appraisals is imperative in shrinking cycle times and cutting costs.
Companies like Culver City, Calif.-based ValuFinders, Inc., parent company and creator of appraiserConnect.com, has answered this call by introducing the Appraisal CONCIERGE, offering an increased level of service and support for lenders seeking assistance with the management of their appraisal process.
Built from the proven inspection tracking systems supplied to the U.S. Department of Housing and Urban Development, appraiserConnect's CONCIERGE service not only gives brokers and lenders a complete solution to outsourcing their appraisal processing requirements, but also offers access to valuation products to assist in the pre-qualification of collateral prior to ordering a full appraisal.
When mortgage professionals place appraisal orders through CONCIERGE, the system does the rest including: sourcing an appraiser from appraiserConnect's National Network (or work with the broker or lender's existing local appraisers), coordination and confirmation of the delivery date and fee, tracking orders from acceptance to delivery, automatic e-mail notifications at each step during the process, and a five-year appraisal archive.
"Just as the name suggests, CONCIERGE has been created to offer a level of service to Mortgage Brokers and Lenders that seeks not only to identify quality appraisers throughout the U.S. but also to provide an additional layer of management throughout the process", said Joe Williams, President & CEO of ValuFinders Inc. "The goal of CONCIERGE is to offer many of the features of an online appraisal management company without requiring the broker and appraiser to change the way they typically do business." (c) 2007 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com