PAR® Logic is a roles-based, appraisal review platform that utilizes four intertwined components to provide a custom workflow solution for fraud prevention, collateral risk mitigation, and regulatory and GSE compliance.

Features

• Online, role-based workflow enterprise system
• Automatic retrieval and routing of appraisals from E-Mail account/inbox
• Accepts ACI, Lighthouse™ and PDF appraisals for automated review
• Uses PAR® Logic rules engine with more than 1,200 stock appraisal rules
• Incorporates ACI Analytics™ for status verification of licensed and certified appraisers
• Manages data and screens for compliance with USPAP, Fannie Mae, Freddie Mac, FHA, VA, as well as industry best practices and client-defined rules
• Real-time order tracking, workflow triggers & E-Mail notifications
• Communicates with internal production systems
• Smart Form Technology includes all standard appraisal industry forms in a web-based platform
• Real-time order tracking workflow

Benefits

• Mitigates fraud and risk factors
• Single platform manages internal and external resources
• Hosted solution saves time and reduces IT costs
• Customizable form creation

Highlights

• Order management
• Assignment logic
• Online forms engine
• Management reports