Accurity Valuation has adopted new software that allows the company to organize and streamline the production and distribution of its appraisal reports.
The Westwood, Kan.-based provider of real estate appraisal services is now utilizing seven custom ACI appraisal report packs in addition to a forensic review checklist that Accurity Valuation affiliate members and their clients will now benefit from a uniform appraisal report package fortified by documentation and tools that support each value conclusion.
Tom Munizzo, president of
“As a result of this alliance, we can provide our affiliates with technology that helps them stay organized and also streamlines the review and underwriting processes,” Munizzo added.
One of the challenges reviewers and underwriters face when reading an appraisal report is the absence of any consistent sequence to the pages in the report. Therefore, this creates delays and possible oversights during appraisal review and loan underwriting.
ACI’s technology addresses this issue on the front end by providing the appraiser with a prescribed template for each appraisal product type to be completed.
In addition to Accurity’s custom library of comments, which can be used to document improvements, repairs, and other areas of concern in the addendum of an appraisal report, Accurity affiliates will also have access to PAR Logic, the Palm Coast, Fla.-based software company’s appraisal review platform.
“This coordination will immediately enhance the user experience for Accurity’s increasing number of affiliates as well as its growing client base,” said George Opelka, senior vice president of ACI. “By combining a standard report presentation with an easily accessible comment library, the PAR Logic rules and a qualified appraiser—everyone wins.”
