SPOKANE, Wash.--(BUSINESS WIRE)--Mortgage technology provider SharperLending LLC is pleased to announce that the newest version of the Appraisal Firewall real estate appraisal system is available to mortgage lenders, appraisers, and appraisal management companies. The all-new Enterprise edition enables Appraisal Firewall software users to work more efficiently in a streamlined user interface, and for their processes to be completely documented for auditors. It also runs seamlessly across any mobile device, including tablets and smart phones.
Appraisal Firewall is a secure, web-based software solution for lenders to manage their own appraisal process and work with their trusted local appraisers, plus any AMCs they want to work with. Appraisal Firewall helps lenders comply with all appraisal independence regulations, including the Consumer Financial Protection Bureau (CFPB) requirements, Reg B, 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.
The complete, full-featured Appraisal Firewall Enterprise edition is available to lenders, appraisers and AMCs on mobile devices - not a "light" or "mobile" version that compromises on functionality. Additionally, the Enterprise edition keeps lenders and appraisers better connected to the most current appraisal order information by running across all versions of tablet and smart phone operating systems.
"We've taken a serious look at the way lenders and appraisers interact to manage their appraisal process," says Dave Black, President and CEO of SharperLending. "Lenders and appraisers are using more mobile devices to manage their workflow. The Enterprise edition integrates mobile compatibility into a full-featured system with a visually clean look and feel that's easy to use. Menu options are easier to find. Users can take immediate action on an order instead of searching through drop down menus. Pop-up boxes have been replaced with dynamic links at right so clients are always working on the screen they're most familiar with. Our focus on efficiency will enable our diverse user base to accomplish more work in less time."
The Enterprise edition goes further than any other system to keep lenders compliant with all appraisal independence regulations, while ensuring that the burden of appraisal compliance doesn't get in the way of mortgage department profitability.
"We feel that appraisal compliance should be one of the checkboxes on a list of items that all work together to promote profit," continues Black. "To this end, the Enterprise edition combines all of the elements of real estate appraisal compliance that lenders need to protect themselves - the Appraisal Independence Report, engagement letters, all attachments, UCDP information, review results, and of course the completed appraisal - into a single package that lenders can quickly download for themselves, or forward to their underwriter, investor, or auditor."
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 500 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 about Appraisal Firewall, visit www.AppraisalFirewall.com, watch the Youtube video, or call (800)452-1174.