Compliance Like Never Before!
October 11, 2019 @ 12:22PM
Simple process, unlimited benefits.
- Appraisers address every risk rule before they upload completed reports. Why review a report that is incomplete or incompatible to you? Quality controlling the report upfront enables report compliance
- Appraisers must address exceptions, if any, on every appraisal report. Value Connect summarizes and risk weights each exception on the report so the Underwriter doesn’t have to go looking for it. It's right there on Page 1.
- Links in the summary take Underwriters directly to the noted sections within the report. This stimulates compliance by ensuring the Underwriter sees everything they need to see in order to make a sound credit decision, in a fraction of the time.
- Of course, our technology is B20 and Dodd-Frank compliant, but there are practical applications to stimulate Compliance. Notably, Value Connect can redact appraiser information from the Report to maintain a “Firewall” between originator and appraiser, ensuring valuation independence. Or not. The decision is yours.
- Our team has nearly a century of credit and risk expertise, enabling us to effectively implement appraisal compliance and logistics into your workflow, in order to enhance sales and underwriting productivity.
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