Buffalo, N.Y.-based Appraisal.com and ACI, Palm Coast, Fla., have worked together to develop what they say is a seamless bridge between ACI's appraisal desktop software and the Appraisal.com National Appraisal Network.Real estate appraisers who use ACI or Lighthouse-enabled appraisal software can now process, retrieve, and provide status updates on appraisal orders from Appraisal.com's Nationwide Appraisal Network without leaving their desktop, the companies said. Appraisers using this new technology can prepare and process reports and upload completed appraisals with both a traditional portable document format (PDF) and a full Extensible Markup Language (XML) data stream directly into the Nationwide Appraisal Network for delivery and storage. The companies can be found on the Web at http://www.appraisal.com and http://www.aci.com.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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