PALM COAST, Fla., — ACI announced today that ExaTech, a Pittsburgh-based technology company, is in production with ACI Sky Delivery, an appraisal delivery portal that reduces revision requests, minimizes overrides, and improves the overall appraisal delivery and review process for lenders, appraisers and appraisal management companies. VIBe®, the ExaTech platform for managing appraisal, BPO, title, closing and flood services, is now fully integrated with ACI Sky Delivery.
ACI Sky Delivery is an enterprise appraisal delivery platform that includes an appraiser-facing web interface that applies dynamic rules and renders real-time results, including hard stops, prior to posting the file for further review. Sky Delivery leverages PAR® Logic, ACI’s comprehensive collateral risk rules library that incorporates four levels of analysis with more than 1,200 rules for Uniform Appraisal Dataset (UAD), Government Sponsored Enterprise (GSE) and appraisal compliance. The extensive rules library spans multiple categories designed to reduce exceptions and identify any potential risks.
"We value the innovation and scalability of the ACI Sky Delivery solution and its support for appraisal compliance," said Doug Mitro, president of ExaTech. "This integrated solution will play an integral role in rounding out the VIBe appraisal management platform."
"Sky Delivery provides VIBe clients and downstream users with a scalable appraisal delivery solution that renders numerous process efficiencies and ACI’s best-in-class PAR Logic compliance," stated George Opelka, senior vice president of ACI. "We are fully committed in our efforts to keep ExaTech and its clients ahead of the compliance curve."
ExaTech is a trusted solutions provider for thousands of clients and prospects, including banks, mortgage lenders, brokers, appraisal management companies, servicing companies, due diligence companies and individual appraisers. VIBe®, a cutting-edge, web-based, real-time vendor management and settlement services system provides a powerful, yet affordable platform for managing appraisal, BPO, title, closing and flood services under one roof.
ACI, a pioneer in crafting technology solutions for the mortgage valuation community has gained industry-wide 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, Fla., ACI (www.aciweb.com) is a member of the First American (NYSE: FAF) family of companies.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services, and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust, and investment advisory services. With revenues of $4.7 billion in 2014, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.firstam.com.
First American Financial Corporation
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