Appraisal Provider Aids Fannie on REO

The company a la mode, a mortgage and appraisal technology firm, has completed a custom plug-in for its Xsites Order Manager, allowing appraisers contracted by Fannie Mae to deliver real estate-owned appraisal reports to the government-sponsored enterprise.

Appraisers engaged by Fannie Mae to help manage its REO inventory can now deliver their completed appraisal reports through a la mode's XOM.

Appraisers will have their completed reports automatically checked against a set of business rules to ensure the reports meet Fannie Mae's guidelines. Once any errors or omissions are caught - on the appraiser's end, reducing REO disposition costs for Fannie Mae - XOM will deliver the completed and rules-checked report to Fannie Mae via http protocol, the company said.

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