Provider of collateral valuation technologies leverages ACI’s PAR Logic rules and UCDP appraisal delivery
PALM COAST, Fla. — July 26, 2012 — ACI announced today that Platinum Data has integrated ACI’s Appraisal.com UCDP Submission service and the PAR®Logic rules engine into RealView™, Platinum Data’s automated appraisal review platform. Platinum Data is a provider of collateral valuation technologies that includes comprehensive appraisal review technology. ACI is a leading provider of real estate appraisal software and innovator in valuation technology for the mortgage industry.
“As a result of this integration, Platinum Data clients process thousands of appraisals each month using the PAR Logic rules that are embedded in the RealView platform,” said George Opelka, senior vice president of ACI. “Additionally, we are pleased to add Platinum Data to the list of providers using ACI’s appraisal submission service to deliver appraisals to the UCDP (Uniform Collateral Data Portal).”
Platinum Data’s RealView allows mortgage lenders, servicers, appraisal management companies, and due-diligence organizations to review and control the quality of appraisals with an objective and consistent approach that takes the guesswork out of the appraisal review process. It takes Platinum Data’s RealView just a few minutes to conduct a comprehensive evaluation that covers thousands of best practices rules and appraisal review guidelines throughout all sections of the appraisal report.
“During the initial design phases of RealView, we faced the typical build-vs.-buy decision for the quality-control rules component of the platform,” said Phil Huff, CEO of Platinum Data. “Quality is of the utmost importance at Platinum Data. Our clients know this is an area where we refuse to compromise. After researching the market for existing appraisal rules technology, it made the most sense to use ACI’s industry-proven PAR Logic rules with RealView to enable us to provide our clients with a best-of-breed solution.”
About Platinum Data
Platinum Data provides technologies that help mortgage lenders, servicers, investors, and appraisal management companies value collateral and identify and manage collateral risk. Its online platform and analytical tools are being used by hundreds of companies to perform due diligence, prevent buybacks, and protect billions of dollars in assets across the United States. The company’s RealView system revolutionized the way the industry reviews appraisals, while its AVM offerings provide a truly unbiased perspective on collateral valuation. Platinum Data is based in Aliso Viejo, California, and was founded in 2002. For more information, visit www.PlatData.com or e-mail info@PlatData.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).