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Archive for category: Press Release

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Valutrust uses ACI’s Appraisal.com for Property Valuation Delivery

April 26, 2012

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.

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).

ACI Announces USPAP Webinars for Appraisal Software Users

March 7, 2012

Training sessions cover variety of important changes to appraisal industry regulations

PALM COAST, Fla. — March 07, 2012 — ACI, a leading provider of real estate appraisal software and innovator in valuation technology for the mortgage industry, announced today that it is offering a series of webinars on the Uniform Standards of Professional Appraisal Practice (USPAP) that provides a valuable educational opportunity for appraisers. The series covers several of the recent USPAP 2012 revisions.

“We understand that many appraisers have questions about the updated USPAP requirements and specifically how the changes will affect their work” said George Opelka, senior vice president at ACI. “An important part of our service is providing ACI appraisal software users with top-notch training so they are better equipped to succeed in the profession. With that said, we’ve invested in subject matter experts to educate ACI appraisers on the industry regulation changes.”

Both Richard Heyn, SRA, and Dawn Molitor-Gennrich, SRA, are USPAP instructors certified by the Appraiser Qualifications Board (AQB). They are the developers and presenters of the four-part series. ACI will offer the USPAP webinar series through April. It will cover the following topics:

  • The revised USPAP definitions
  • The difference between exposure time and marketing time
  • The new record keeping rule
  • the expanded obligation to disclose prior services and relevant USPAP obligations when performing valuation services outside the real estate appraisal industry

According to Richard Heyn, “ACI is offering a valuable webinar series, and it’s a great opportunity for clients to understand the rationale and application of the changes to their real estate appraisal software. Our intent is to help ACI software users easily adapt their practice and maintain USPAP compliance.”

For more information or to register for sessions, please visit http://www.aciweb.com/training/uspap2012.aspx.

About ACI
ACI, a pioneer in crafting technology solutions for the real estate appraisal software and mortgage valuation communities, has gained industrywide recognition and support from leaders in the field. ACI’s highly scalable appraisal software 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).

Property Sciences to Deliver Fully Compliant
 Appraisals through ACI’s Appraisal.com

February 7, 2012
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).

ACI Trains 10,000 Appraisers on UAD

January 10, 2012

Training series provides appraisal professionals insight into the regulations

Palm Coast, Fla. — January 10, 2012 — ACI, a leading innovator in valuation technology for the mortgage industry, has educated more than 10,000 appraisers on the fundamentals of the Uniform Appraisal Dataset (UAD) and Uniform Collateral Data Portal® (UCDP®). Participants in the webinars were given the tools necessary to acquire working knowledge of the UAD. This effort is the latest example of the company’s commitment to keep appraisers current on industry changes that affect their business.

“We’ve trained thousands of appraisal professionals during the UAD rollout to ensure they are prepared to understand the UAD and apply that knowledge when writing appraisal reports,” said George Opelka, senior vice president for ACI. “Our curriculum extended beyond the technology and also provided insight into the new requirements and what they mean to appraisers. This training initiative delivered on both of those objectives.”

The training series provided appraisers with a primer to UAD and addressed several questions including, What is MISMO-XML?, What is UAD?, and Why are Fannie Mae and Freddie Mac instituting these new programs?

The webinars were designed to be brief but filled with information to help appraisers perform their jobs more efficiently. The goal of the classes was to provide an understanding of the key challenges that appraisers face when preparing and delivering appraisal reports in a compliant manner.

“It’s always a pleasure to work with an industry leader like ACI. Our webinar participants learned how to adjust to the new UAD reporting requirements from a practitioner’s perspective,” said Rich Heyn, SRA, who, with Dawn Molitor-Gennrich, SRA, developed and presented ACI’s “What Is UAD?” webinars. Dawn Molitor-Gennrich and Rich Heyn are co-owners of Heyn, Molitor-Gennrich, LLC, a company that specializes in developing and delivering property-related education.

In addition, the “How to Comply with UAD Using ACI Software” session covered tips and techniques to help create a UAD-compliant appraisal report and demonstrated the UAD compliance dialogue windows, picklists, field-level validations (to help ensure that reports remain compliant), and optional guidance from GSE UAD Appendix D.

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).

ACI Announces StreetLinks eService Integration

December 20, 2011

Platform helps ensure accuracy, timeliness, and compliance with 
the Uniform Collateral Data Portal (UCDP)

Palm Coast, Fla. — December 20, 2011 — ACI, a leading innovator in valuation technology for the mortgage industry, announced today that StreetLinks Lender Solutions has integrated with ACI’s eServices, an appraisal delivery service to help ensure compliance with client/lender and investor requirements. eServices combines appraisal compliance and quality rules with electronic delivery as a standard feature accessible from the appraiser’s ACI desktop software. ACI’s approach helps ensure that appraisal data complies with both the Uniform Appraisal Dataset (UAD) and MISMO XML requirements before the appraiser completes the appraisal report.

“ACI uses integration services from its appraisal software to create customized delivery solutions. The new StreetLinks eService provides a connection for us to seamlessly receive native XML directly from appraisers’ computers with the assurance of our quality and compliance standards,” said Tony Ebeyer, chief strategy officer for StreetLinks. “The ACI system is intuitive and allows for additional flexibility in processing and managing appraisal reports. That’s why thousands of StreetLinks appraisers will rely on it every month.”

Prior to delivering the appraisal report to StreetLinks, the new eService performs an in-depth quality control review using ACI’s PAR® Logic review rules. The comprehensive library of both industry best practices and job-specific business rules checks the appraisal report for compliance with StreetLinks’ policies. Once the appraiser has satisfied the requirements, the file is delivered to StreetLinks for further processing and eventually delivered to either Fannie Mae or Freddie Mac.

“As a result of this technology collaboration with StreetLinks, we have developed a comprehensive pre-delivery UAD audit and XML delivery service that makes the process for the appraiser simple and efficient,” said George Opelka, senior vice president for ACI. “The upgrade provides greater accuracy, which benefits all parties — appraisers, management companies, the GSEs, and borrowers.”

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).

Appraisal.com Powers New Appraisal Reader

December 1, 2011

Innovation enables lenders to validate UAD compliance before UCDP delivery

Palm Coast, Fla. — Dec. 1, 2011 — ACI, a leading innovator in valuation technology for the mortgage industry, announced at the Valuation Expo 2011 the release of a new Appraisal Reader powered by Appraisal.com. The new technology helps lenders and reviewers view and validate appraisal reports prepared by any appraisal software vendor that supports the new MISMO XML format.

Appraisal.com is an ACI brand that serves the appraiser and lender communities. The Appraisal Reader is compact and provides mortgage professionals with a critical tool to conduct a review while keeping all the components of the appraisal report intact. The review is performed using ACI’s PAR® Logic rules, a comprehensive library that checks the appraisal report for compliance. Custom client-specific rules can also be applied on demand using PAR Logic to highlight errors and omissions.

The Uniform Appraisal Dataset (UAD) information embedded in the PDF appraisal report is also available in a concise, organized manner using the QuickView™ Summary Report within the Appraisal Reader. The QuickView Summary Report presents the UAD information in a form and helps streamline the review and validation process prior to submission to the Uniform Collateral Data Portal® (UCDP®).

“With the advent of the UCDP, ensuring regulatory compliance before submitting appraisal reports to the portal is increasingly important for lenders and appraisers,” said Dave Roberts, president of ACI. “We’ve developed a sophisticated, yet free, solution that enables lenders, credit unions, and community banks to easily view and validate MISMO XML appraisal reports using Appraisal.com technology.”

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).

About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.

NREIS Selects ACI’s Appraisal.com Portal

October 17, 2011

Agreement Ensures that NREIS will satisfy the GSE (government-sponsored enterprise) requirements for appraisal documents and delivery

PALM COAST, Fla., Oct. 17, 2011 - ACI, a leading innovator in technology to the mortgage valuation industry, announced that National Real Estate Information Services (NREIS) is in production with Appraisal.com, an appraiser-facing portal that scrutinizes appraisal reports for completeness, correctness, consistency, and compliance.

“We were impressed with the capabilities of Appraisal.com which include seamless integration with our existing vendor website, ensuring an automated process and providing compliance with the MISMO XML and Uniform Appraisal Dataset (UAD) protocol that Fannie Mae and Freddie Mac created,” said Chris Behning, CIO of NREIS. “We also wanted to ensure that it’s reliable and flawless in its execution. Given our history in working with ACI, we were very confident in their ability to deliver.”

“NREIS recognized that Appraisal.com could satisfy the delivery requirements of the investors, speed the process, and trim costs,” said George Opelka, senior vice president for sales and marketing at ACI. “ACI offers enterprise-level solutions that allow clients to receive and review appraisal reports, comply with regulations, and deliver appraisals directly to the Uniform Collateral Data PortalSM (UCDPSM).”

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 (http://www.aciweb.com/) is a division of Verisk Analytics.

About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.

ACI and LSI Division of LPS Align to Provide Statistical Market Analysis Technology for Appraisers

January 20, 2011

Palm Coast, FL — January 20, 2011 —ACI, a leading innovator in technology for the valuation industry, announced today its integration with S.M.A.R.T.™ (Statistical Market Analysis in Real Time). The cutting-edge tool provided by the LSI Division of Lender Processing Services, Inc. (LPS) enables ACI appraisers to interact with local multiple listing service (MLS) data in a unique graphical environment that empowers real estate appraisers to better use their analytical skills to identify and report on activity in the local market. In addition to auto-populating the 1004 Market Conditions Addendum, the integration provides the appraiser with the ability to import several charts and graphs to further support the final reconciliation.

S.M.A.R.T. is available for download to existing ACI appraisers with an active premier service agreement. Through a special arrangement with LSI, ACI appraisers can now access S.M.A.R.T. on a pay-as-you-go basis using ChoiceCredits™. Highlights of the new product integration include:

  • Easily Import MLS Data to the 1004 Market Conditions Addendum — S.M.A.R.T. will import active, expired, pending, withdrawn, and sold listings directly from MLS systems using neighborhood boundaries defined by the user. Where data is available, the system auto-populates the 1004 Market Conditions Addendum, allowing for additional efficiency for appraisers.
  • Visually Enhance Charts and Graphs — S.M.A.R.T. allows users to interact with powerful color charts and create custom reports. These visual references bring advancements in MLS data import and manipulation that are available only in the S.M.A.R.T. interface.

“The integration between ACI and S.M.A.R.T. facilitates the adoption of market analysis tools at the right point within the process — in the hands of the appraiser. S.M.A.R.T. enables ACI appraisers to interact with market data in an exciting and eye-opening manner,” said George Opelka, senior vice president, ACI.

Currently, S.M.A.R.T. has direct links to major MLS systems across the country, including Rapatonni, FlexMLS, MLXchange, Tempo, RExplorer, Navica, and Paragon. Additional MLS providers can typically be added quickly upon request.

“We are excited that ACI has incorporated S.M.A.R.T. into its lineup of advanced tools for appraisers. The product provides a new level of expertise for appraisers to assess the market and will afford efficiency and the ability to drill down to levels not previously available with other data import and analytical services,” said John Holbrook, vice president of the LSI Division of LPS.

ACI is offering introductory savings on S.M.A.R.T. Interested parties can contact ACI Sales at 1-800-234-8727 or visit www.AppraisersChoice.com for more information.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (desktop), servicing, portfolio retention, and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’s Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

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, the flexibility ACI provides 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 garners the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes. ACI is a division of Verisk Analytics.

About Verisk Analytics

Verisk Analytics is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.

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