In a Press Release last week, The Appraisal Foundation (TAF) announced a partnership with ACI that will provide our appraisers access to USPAP on demand. As an industry leader with more than 35 years of experience, we were a logical choice for this technology driven initiative. We are proud to have been selected by TAF and believe this project is an opportunity to help the industry.
If you’re wondering how this would work, it’s simple. We are infusing USPAP and other appraisal guidance as an add-on feature within ACI Sky™, our new web-based appraisal platform. We call this new dialogue-driven wizard "Sky Writer" because it guides you through completing the appraisal report following a logical workflow. As you move through the wizard and answer a series of questions (some of which go beyond the form), corresponding USPAP and other guidance is available to view. This will enable you to fine-tune and focus on the topic at hand, and ultimately guide you through the process in a more efficient manner.
All of your Sky Writer responses save directly to your work file and auto-fill the corresponding fields on the form or addendum. We designed the interface to provide the flexibility to flip back and forth between entering data on the form or using the Sky Writer wizard.
To ensure that we present the most relevant and up-to-date guidance in a meaningful way for appraisers, we enlisted the help of Richard Heyn, SRA. As an AQB certified USPAP instructor, Rich’s contribution to the project is essential. In addition to the USPAP component, Rich is developing sections for best practices as well as compliance with Fannie Mae and Freddie Mac requirements.
"This product will give an appraiser a direct link to the appropriate USPAP and GSE requirements on a field-by-field basis while he or she is creating the report. It appropriately separates the development process from the reporting process rather than commingling them, as is the case now," said Richard Heyn. "As an instructor, I’m delighted to be part of this project and believe having USPAP and other guidance at an appraiser’s fingertips will greatly assist him or her in generating better quality reports. Sky Writer will help appraisers think in terms of the overall assignment rather than just filling out a form."
Keep an eye on your inbox for more information about ACI Sky and Sky Writer over the coming months.