SPOKANE, Wash.--(BUSINESS WIRE)--Mortgage technology provider SharperLending LLC has enhanced its Appraisal Firewall platform with new data visualization management tools that give lenders unparalleled control over their appraisal process. The life cycle of every real estate appraisal is illuminated like never before with the new dashboard: orders are grouped, summarized, displayed, and organized into filterable graphs that enable lenders to get at any group of orders they want with a single click. Lenders can create customized watch lists of their appraisal orders to better manage rushes, orders with special criteria, or other one-offs that need attention. Watch the Appraisal Firewall dashboard video here.
Appraisal Firewall is a secure, web-based technology solution for lenders to manage their own appraisal process by working with their trusted local appraisers and AMCs in one system to achieve management-level control and multi-department efficiency. Appraisal Firewall helps lenders comply with all appraisal independence regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, Interagency Appraisal and Evaluation Guidelines, internal and investor requirements, plus GSE requirements for lenders to submit UAD-compliant appraisals electronically to the UCDP.
"SharperLending sees the real estate appraisal industry as continuously transforming," says Dave Black, President and CEO of SharperLending LLC, the company behind the Appraisal Firewall platform. "As lenders regain control over their appraisal process, they want comprehensive transparency into their appraisal orders, their mortgage department's activities, their appraiser panels, and even any AMCs they may use. This transparency into their data and all related activity should likely be combined with varying levels of servicing, the ability to work directly with their appraisers, the ability to utilize an AMC if they need for investor or out of area requirements, and possibly be linked into a Loan Origination or Mortgage Processing system. Our goal is to deliver complete lender control to satisfy the present and future challenges of real estate appraisals."
As part of their continued focus, SharperLending will be releasing additional management capabilities into the Appraisal Firewall management dashboard that focus on the lender's appraiser panel.
"Individual branches as well as corporate offices that have a regional footprint can view where their appraisers are, where they are lacking in coverage, and how they are performing," continues Black. "They will be able to provide appraisers with a quality score for use by other branches and lenders as well as manage the activity of each branch's mortgage department staff."
The transparency and control benefits that come from the release of the new dashboard also extend to the many Appraisal Management Companies (AMCs) that rely on Appraisal Firewall technology to offer appraisal services to their clients.
"The new dashboard is geared perfectly to our AMC channel," says Black. "These enhancements enable our channel to be even more responsive to client demand and set themselves apart with superior AMC technology."
About SharperLending LLC
Headquartered in Spokane, Wash., SharperLending LLC was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company’s proven technology has processed more than 100 million secure mortgage transactions. SharperLending has been processing appraisals since the late 1990s, with Appraisal Firewall breaking out of the company’s settlement services technology into its own unique offering. SharperLending, LLC has three divisions under its corporate umbrella: SharperLending Mortgage Services Division, the mortgage services and Appraisal Firewall platforms; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. For more information, watch the Appraisal Firewall YouTube video, call (800)452-1174, or visit www.SharperLending.com.