2012-02-07 20:12:03 -
ACI powers compliant delivery of appraisals to UCDP for firms seeking direct
integration
PALM COAST, Fla. - February 7, 2012 - ACI, a leading innovator in valuation
technology for the mortgage industry, announced that Property Sciences, a
national real estate appraisal firm, will use ACI's Appraisal.com portal to
deliver reports to the Uniform Collateral Data Portal(®) (UCDP(®)).
"Property Sciences' integration through ACI's UCDP(®) Appraisal Submission
Service via Appraisal.com has allowed our lender clients to seamlessly deliver
appraisals to the agencies and easily manage exceptions through our platform,"
said Dean Huynh, vice president of Property Sciences. "Compliance and technology
continue to be at the forefront of the mortgage industry. Property Sciences'
integration saves our lenders valuable time and establishes a regulatory-
compliant delivery solution."
New Uniform Appraisal Dataset compliance requirements from Fannie Mae and
Freddie Mac went into effect on December 1, 2011. UCDP(®) requires all
appraisals be supplied in MISMO XML format or as a first-generation PDF.
Appraisal.com provides a seamless interface between systems to facilitate
compliant delivery of appraisal reports, allowing appraisal management companies
and lenders to focus on workflow and business needs.
"Our delivery solution for UCDP(®) is designed to integrate to the sender's
system of record so that submissions can be executed automatically as part of
the normal appraisal acceptance workflow," said George Opelka, senior vice
president of ACI. "The connectivity through Appraisal.com enables agents and
lenders to ensure that Uniform Appraisal Dataset (UAD) compliance is seamless
within their existing appraisal management processes."
About ACI
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 division of Verisk Analytics (Nasdaq:VRSK).
# # #
Media Contact
Rick Grant
RGA Public Relations
570-325-2818
rick.grant@rga-pr.com
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Source: Verisk Analytics Inc. via Thomson Reuters ONE
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