Appraisal management technology promotes USPAP, FHA compliance while maintaining lender process controls
Chapel Hill, NC –March 12, 2010 – AIMSdashboard has released the latest version of its Web-based Appraisal Independence Management System (AIMS), featuring several compliance-focused additions. AIMS 4.4 will promote lender compliance with the appraisal independence requirements of the Uniform Standards of Professional Appraisal Practice (USPAP), Federal Housing Administration (FHA) Mortgagee Letter 09-28, Federal Financial Institutions Examination Council (FFIEC) and the Home Valuation Code of Conduct (HVCC). AIMS 4.4 further automates several elements of appraisal operations, smoothing lender-appraiser interaction during appraisal production.
AIMS 4.3 Delivers Loan-Program-Specific Workflow to Bridge Gaps and Conform to the Variety of Appraisal Independence Standards
FHA 09-28, HVCC, Interagency Appraisal and Evaluation Guidelines, Reg Z…they all have some sort of reference to Appraisal Independence. AIMS 4.3 pivots appraisal operations around the loan program to ensure lenders have greater controls at their disposal to conform to the evolving regulations and the variety of loan programs.
AIMS 4.2 features offer real estate appraisers the opportunity to differentiate themselves from the other 110,000 active appraisers across the country, and show as a match to the specific experience and expertise needed for a subject property. The Appraisal Independence Management System (AIMS) update includes a wider variety of appraiser profile characteristics and select appraiser competencies lenders can filter through to find the perfect appraisal partner while staying compliant with the latest Appraisal Independence regulations.
AIMS 4.1 features give lenders more reason to bring appraisal ordering back in house. The Appraisal Independence Management System (AIMS) puts the lender in the driver's seat while offering the assurance of appraisal independence compliance on the secondary market.
Appraisal Independence Controls Return Home to Appraisers and Lenders Through Software Developed by AIMSdashboard.
Chapel Hill, NC (PRWEB) Aug 2009 AIMS 4.0 breaks AMCs’ grip on “hinterland” appraisal requests by empowering lenders to use a single Appraisal Independence Management System (AIMS) for appraisals falling within and outside of geographies covered by approved appraisal lists.
Appraisal Independence Management System (AIMS), a new application from AIMSdashboard, LLC, will ensure lender compliance with the appraiser selection requirements. The application generates a certificate of appraisal independence and provides auditable evidence of compliance in accordance with the Home Valuation Code of Conduct, effective May 1, 2009.