Appraisal Management System for Lenders
Appraisal Management Software for AMCs
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ValueLink, the industry’s leading and most innovative appraisal management software, is now integrated with Byte Software’s BytePro loan origination software (LOS). The integration allows BytePro users to order and efficiently track their appraisals without ever leaving the BytePro environment.
ValueLink, the industry-leading provider of valuation management products, announced that it has integrated ValueLink appraisal management software with LendingQB’s end-to-end loan origination software (LOS).
With the recovery of the US housing market continuing at a steady pace, it has become imperative on Lenders, AMCs and Appraisers to adopt technology to simplify the appraisal management process. Managing hundreds of orders manually is time-consuming and taxing on an organization’s resources.
The housing industry is abuzz with the upcoming deadline for the implementation of the TILA-RESPA rule. The rule goes into effect on August 1, 2015 and has sent creditors scrambling to update their processes and systems to comply with the regulations.
Appraisal Management Software has simplified the once complex and time-consuming exercise of managing the appraisal process. Lenders, AMCs and Appraisers can all access a single platform from which they can manage the entire appraisal process from the placement of the order to the review and delivery of the appraisal report.
Last week, the Office of the Comptroller of Currency (OCC) along with several agencies (including the Federal Reserve System, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency) proposed a new rulemaking document titled “Minimum Requirements for Appraisal Management Companies”. The proposed rules aim to set minimum standards for Appraisal Management Companies (AMC’s) and each State and make clear and consistent definitions, requirements, and oversight for AMCs.
Whether you are a lender or an appraisal management company, finding the right appraisal management software is the key to effectively managing the appraisal process and get consistent, reliable results.
With the recovery of the US housing market continuing at a steady pace, it has become imperative on Lenders, AMCs and Appraisers to adopt technology to simplify the appraisal management process. Managing hundreds of orders manually is time-consuming and taxing on an organization’s resources.
Appraisal Management Software has simplified the once complex and time-consuming exercise of managing the appraisal process. Lenders, AMCs and Appraisers can all access a single platform from which they can manage the entire appraisal process from the placement of the order to the review and delivery of the appraisal report.
Like any other occupation being a real estate appraiser requires hard-work and dedication. By following the guidelines listed below,you can improve the quality of your reports and see your business grow.
