MDA Releases HVCC-compliant Portal for Mortgage Brokers

WILMINGTON, Del.--(BUSINESS WIRE)--MDA Lending Solutions, a provider of advanced information solutions to the real estate lending industry, has developed its Managed Appraisal Platform, an electronic portal specifically for mortgage lenders seeking a way to achieve appraisal independence and regulatory compliance in their third party originations channel. The portal enables lenders and brokers to easily order appraisals from approved, third party sources without complicated technical integrations or high transaction fees. The portal is designed to provide compliance with the anticipated changes in appraisal regulation.

“By bringing our HVCC-compliant Managed Appraisal Platform to market, we are delivering to our customers yet another tool to help them better manage the loan origination process.”

The new Home Value Code of Conduct (HVCC) regulations are designed to take conflicts of interest out of the home valuation process. MDA Lending Solutions’ Managed Appraisal Platform enables appraiser independence and incorporates wholesale lenders’ quality standards to deliver objective and accurate values in support of real estate loans.

“HVCC is meant to improve the objectivity and accuracy of appraisals by ensuring the fulfillment process is free from pressure on the appraiser,” said Mike Dealy, president of MDA Lending Solutions. “Our HVCC-compliant Managed Appraisal Platform offers wholesale lenders and brokers a way to quickly access compliant appraisals while addressing regulatory issues concerning conflicts of interest.”

The Managed Appraisal Platform is part of MDA Lending Solutions’ suite of collateral valuation services. The valuation services range from automated valuation models (AVMs) to full appraisals conducted by licensed or certified appraisers. Using MDA Lending Solutions’ patented product decisioning technology, properties and loans are evaluated and appraised based on risk level and key loan characteristics.

“Collateral valuation is at the heart of all real estate transactions. Lenders and borrowers alike need to know ‘What’s the real value of this property?’” Dealy said. “By bringing our HVCC-compliant Managed Appraisal Platform to market, we are delivering to our customers yet another tool to help them better manage the loan origination process."

About MDA Lending Solutions, Inc.

Wilmington, Del.-based MDA Lending Solutions provides advanced information solutions that can improve the decision making and operational performance of customers by reducing the time, cost and risks involved in real estate transactions. The company offerings include MDA DataQuick®, MDA MindBox® and traditional settlement services, such as collateral valuation, title and property search, flood compliance, residential credit and closing/settlement products. For more information, visit www.mdasolutions.com or call [phone].

MDA DataQuick® offers a wide range of information including property history and characteristics, sales and loan information, market valuation and neighborhood information. For more information, visit www.dataquick.com or call (888) 604-DATA.

MDA MindBox® is a leading provider of advanced decisioning solutions featuring automated rules-based decisioning technology that optimizes customer interactions and streamlines back-end workflow and business operations for the mortgage lending community. For more information, visit www.mindbox.com or call (877) 650-MIND.