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).
# # #
Media Contact
Rick Grant
RGA Public Relations
570-325-2818
rick.grant@rga-pr.com
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Verisk Analytics Inc. via Thomson Reuters ONE
HUG#1583116