PALM COAST, Fla.–(BUSINESS WIRE)–ACI announced today that Urban Lending Solutions Appraisals (ULSA) is in production with ACI Sky Delivery, an appraisal delivery portal that reduces revision requests and minimizes overrides. ACI Sky Delivery is fully integrated with the ULSA platform and improves the overall review process for the Colorado-based appraisal management company.
ACI Sky Delivery is an enterprise appraisal delivery platform including an appraiser-facing web interface that applies dynamic rules and renders real-time results, including hard stops, prior to posting the file for further review. Sky Delivery leverages PAR® Logic, ACI’s comprehensive collateral risk rules library that incorporates four levels of analysis with more than 1,200 rules for UAD (Uniform Appraisal Dataset), GSE (Government Sponsored Enterprise), and appraisal compliance. The extensive rules library spans multiple categories designed to reduce exceptions and identify any potential risks.
"With the launch of Sky Delivery, ULSA has made significant breakthroughs in reducing turn times while gaining efficiencies for the appraisers we work with," stated Jim Beatty, SVP, chief appraiser for ULSA. "The time is right to provide a solution that makes us more responsive to appraisers and their needs. We believe Sky Delivery can be a game changer for our business."
"ACI is forever linked to sustainability, and we are committed to creating elastic solutions that support industry change," said George Opelka, senior vice president of ACI. "Sky Delivery puts ULSA in the compliance driver’s seat, and at the same time provides them with a foundation to better serve their clients."
About Urban Lending Solutions Appraisals
ULSA is a member of the Urban Lending Solutions (ULS) family of companies, which was founded in 2002. Originally founded as Urban Settlement Services, LLC as a title and settlement services company, ULS has grown to become one of the country’s premier business outsource providers, including customized mortgage solutions. ULS is based in Pittsburgh, Pa., with additional offices in Colorado, Michigan, and California.
ACI, a pioneer in crafting technology solutions for the mortgage valuation community, has gained industry-wide 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, Fla., ACI (www.aciweb.com) is a member of the First American (NYSE: FAF) family of companies.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services, and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust, and investment advisory services. With revenues of $4.7 billion in 2014, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.firstam.com.
First American Financial Corporation
Marcus Ginnaty, 714-250-3298