Just upload the report and get the findings in an easy-to-use interface.
SmartReview, powered by ACITM, gives lenders, AMCs, and appraisers the ability to automate the appraisal QC and underwriting process.
Features:
- Rule libraries include lender specific underwriting guidelines – just turn them on
- Rules can be grouped by severity – making it easy to create “hard stops” and/or warnings at the time of submission
- Create custom workflows based on Loan Type, Form Type and/or CU Score
- Supports multiple report formats (PDF, ACI XML, MISMO XML)
- Generates ENV reports on the appraiser’s behalf
Benefits:
- Reduces QC and underwriting time and cost
- Improves appraisal quality and reduces risk
- Gain valuable insight into the quality and performance of your vendors
- Can be utilized for pre-purchase reviews by correspondent lenders that offer delegated underwriting
- Utilize review results to drive AMC and/or Appraiser selection without having to spend hours running reports or building scorecards
Compliance
SmartReview ensures compliance with regulatory guidelines, including GSE underwriting guidelines, UCDP/EAD, FHA, USDA, USPAP and FIRREA.
Risk
SmartReview reduces risk by giving lenders the ability to create risk tiers based on CU Score, appraisal findings, credit profiles and default risk.