2013-08-27 12:03:01 -
ACI Enhances Compliance Capabilities for Metro-West Appraisers
PALM COAST, Fla. - August 27, 2013 - ACI announced today that Metro-West is
taking advantage of ACI's eService technology to automate and improve the
appraisal delivery process for the national real estate appraisal company. The
technology is a built-in function within ACI Report(TM), ACI's desktop appraisal
The Metro-West eService combines ACI's PAR(®) Logic rules in conjunction with a
Metro-West checklist to alert the appraiser of any issues with the appraisal
report before delivering for review. The new eService integrates directly with
Metro-West's platform to validate that the report data matches the order data.
ACI's PAR Logic rules are then applied to the file to ensure compliance. If
there are no errors, the report is then successfully delivered to Metro-West for
before delivery to the lender client.
PAR Logic is an enterprise-wide, rules-based platform designed to streamline the
appraisal review process while providing a complete appraisal company workflow
system. PAR Logic incorporates four levels of analysis with more than 1,200
rules for UAD (Uniform Appraisal Dataset), GSE (Government Sponsored
Enterprise), and appraisal compliance designed for fraud prevention and
collateral risk evaluation.
"Managing efficiency and exceptions in a timely manner is vital for a national
appraisal company like Metro-West," said George Opelka, senior vice president of
ACI. "Passing appraisals back and forth in the review process is an expensive
and time consuming exercise that cuts into the margin for all involved parties.
The new Metro West eService is designed to significantly reduce those
bottlenecks by offering the appraiser guidance before file delivery."
"In our efforts to reduce the stop points in the appraisal delivery process and
increase our accuracy and performance, we realized the benefits of leveraging
ACI's shared resources," stated Brandon Boudreau, chief operating officer for
Metro-West. "And many of our clients also use ACI's PAR Logic technology, which
adds another layer of assurance."
Founded in 1987, Metro-West is the largest staff appraisal firm in the nation
that is not affiliated with an AMC or a lender. Metro-West has more than 175+
staff appraisers in over 50 metropolitan markets across 30 states, with
continuous nationwide expansion planned. For more information, visit
www.metrowestappr.com or e-mail firstname.lastname@example.org
ACI, a pioneer in crafting technology solutions for the mortgage valuation
community, has gained industrywide recognition and support from leaders in the
field. ACI's highly scalable appraisal solutions are tailored to the needs of
the organizations ACI serves. The ACI client base features many of North
America's premier lenders, national appraisal companies, and real estate
brokerage firms. From connecting appraisers nationwide to streamlining quality
control, ACI enables organizations to process appraisals and manage exceptions
in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI
(www.aciweb.com) is a Verisk Analytics (Nasdaq:VRSK) company.
ACI Media Contact
Senior Vice President, ACI
Metro-West Media Contact
Chief Operating Officer, Metro-West
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Source: Verisk Analytics Inc. via Thomson Reuters ONE