February 2006 - Posts

• Richard Heyn, SRA to Serve as ACI Director of Compliance

  Heyn’s Industry Expertise to Provide Guidance to ACI Appraisers February 23, 2006, Palm Coast, FL. ACI, a leading innovator in technology for the valuation industry, announced today that Richard Heyn, SRA, will serve as the company’s Director of Compliance. Heyn, a highly visible and recognized name in the appraisal industry, will prove an invaluable asset to ACI clients as they face continual changes associated with the appraisal profession. As the Director of Compliance, Heyn will assist ACI’s product design team in developing concepts that aid ACI appraisers in maintaining compliance with USPAP, secondary market guidelines, and individual lender requirements. Additionally, ACI will leverage Heyn’s skills to provide a number of direct and indirect value-added services for appraisers, including speaking engagements at appraisal-related seminars and trade shows, an ACI Advisory Group, and “Ask Rich” — a Q&A column dedicated to appraisal-related issues. “The opportunity to work with a world class organization like ACI and have the ability to make a positive impact on the appraisal community is a tremendous privilege,” said Heyn, “I look forward to combining my expertise with the resources, knowledge, and dedication of ACI.” An appraiser and pioneer in the development of appraisal-related software and technology, Heyn’s background and credentials also include AQB Certified USPAP instructor, seminar developer and industry educator. As an educator, Heyn has developed and instructed continuing education seminars for the Appraisal Institute for over 10 years—his most recent seminar was attended by more than 10,000 appraisers. Heyn’s knowledge will provide ACI appraisers with industry expertise that will further enhance ACI’s product development by targeting specific needs of the industry with a high level of accuracy and relevancy. “Having Rich as our Director of Compliance further underscores our focus and commitment to appraisers,” said Dave Roberts, President of ACI. “He’s been extremely active in developing and teaching seminars that closely relate to the business, and his extensive interaction with appraisers nationwide makes him an excellent resource from which both ACI and its clients will benefit.” About ACI ACI, a pioneer in crafting technology solutions for the valuation community, has gained industry-wide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions ensure a partnership tailored to the needs of the organizations it services. 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, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI’s management and development team garner the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes. ACI’s solutions are custom-configured to fit the unique characteristics of each enterprise, at the same time offering the stability of tried and true technology that works in today’s market.

• ACI Sues Appraisal.com

  February 6, 2006, Palm Coast, FL. ACI, a leading innovator in technology for the valuation industry, announced that its corporate parent, ISO Claims Services, Inc., a wholly owned subsidiary of Insurance Services Office, Inc. (“ISO”), has filed a civil action in Federal Court in Jacksonville, Florida against Appraisal.com, Inc. of Buffalo, New York . The lawsuit alleges, among other things, that Appraisal.com and its Day One division, in violation of ACI’s rights, reverse engineered all or parts of ACI’s proprietary computer programs and computer files and distributed copies of ACI proprietary software without ACI’s consent. ACI seeks unspecified damages and injunctive relief. About ACI ACI, a pioneer in crafting technology solutions for the valuation community, has gained industry-wide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions ensure a partnership tailored to the needs of the organizations it services. 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, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI’s management and development team garner the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes. ACI’s solutions are custom-configured to fit the unique characteristics of each enterprise, at the same time offering the stability of tried-and-true technology that works in today’s market. About ISO ISO is a leading provider of products and services that help measure, manage and reduce risk. ISO provides data, analytics and decision-support solutions to professionals in many fields, including insurance, finance, real estate, health services, government and human resources. Clients use ISO's databases and services to classify and evaluate a variety of risks and detect potential fraud. In the U.S. and around the world, ISO's services help customers protect people, property and financial assets.

• ACI Terminates Its Remaining Relationship with Appraisal.com

  Appraisal.com no longer has access to the thousands of ACI and Lighthouse™ eService enabled appraisers February 2, 2006, Palm Coast, FL. ACI, a leading innovator in technology for the valuation industry, announced that it has terminated its Electronic Bridge Agreement with Appraisal.com, effective immediately. The termination means that ACI will no longer provide eService integration to the Appraisal.com network through the ACI and Lighthouse™ software products. Lighthouse provides integration across major appraisal software brands and continues to be the preferred data delivery format for many of the industry’s largest appraisal companies. ACI eServices is a component of both ACI and Lighthouse that provides thousands of appraisers with the ability to deliver appraisals electronically. “The relationship with Appraisal.com did not materialize as we had expected; as such, we can not move forward with them as a business partner,” said Dave Roberts, President of ACI. “This action was in the best interest of our company and customers.” About ACI ACI, a pioneer in crafting technology solutions for the valuation community, has gained industry-wide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions ensure a partnership tailored to the needs of the organizations it services. 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, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Florida, ACI’s management and development team garner the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes. ACI’s solutions are custom-configured to fit the unique characteristics of each enterprise, at the same time offering the stability of tried-and-true technology that works in today’s market.