ACI’s Appraisal.com provides Valutrust Solutions a delivery platform to the UCDP
PALM COAST, Fla. — April 26, 2012 — ACI, a leading provider of real estate appraisal software and innovator in valuation technology for the mortgage industry, continues to connect authorized agents to the Uniform Collateral Data Portal® (UCDP®). Valutrust Solutions, a residential lender services company, is the latest company delivering appraisal reports to the UCDP using the Appraisal.com delivery service directly wired into the Valutrust platform.
“As an AMC (appraisal management company), it’s important we work well with both our appraiser and lender clients to create a winning combination on both sides,” said Lance Melber, CEO of Valutrust. “ACI’s Appraisal.com allows us to be more effective and provide automated technology that seamlessly integrates with the Valutrust portal. ACI’s integration and the technology are assisting Valutrust in its compliance with the UCDP standards.”
The UCDP requires all appraisals be supplied in MISMO XML format or a first-generation PDF. Fannie Mae and Freddie Mac define this requirement in the Uniform Appraisal Dataset (UAD) that went into effect December 1, 2011. ACI’s Appraisal.com UCDP submission service provides an integrated solution between systems to facilitate compliant delivery of appraisal reports. This solution allows for the bidirectional flow of information to improve communication and quality control.
“We recognize the challenge in keeping up with investor and regulatory requirements,” said George Opelka, senior vice president of ACI. “We are very pleased to work with companies like Valutrust to provide that additional level of quality control.”
About Valutrust Solutions
Valutrust Solutions, LLC, a privately owned technology development and services company, serves residential lenders throughout the United States. Our proprietary technology integrates with clients’ loan origination systems, allowing automated management of every lending activity, from appraisal management and collateral review through title and closing. Loan ordering accuracy and productivity go up, and clients are assured of full compliance with relevant government regulations. Valutrust pulls together all the relevant players — its clients, vendors, and client service team — to manage every aspect of a loan through a common interface, seamlessly and in real time. The Valutrust management team has more than 30 years of experience in the mortgage industry and brings a passion for exemplary customer service and technology. For more information, please visit www.valutrust.com.
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).