PERSONALIZED SERVICE
At Collateral Management, we customize the appraisal process to meet each client’s needs. We understand it is our job to simplify every aspect of the appraisal process. Competitive Pricing, fast turn times and quality appraisals. We will work with each client to develop the best Appraisal Process to meet your specified needs.
We create a panel of appraisers that meets your standards. One of our staff specialists will work with your office to create a panel of appraisers to rotate. Our panel is designed to be compliant and keep all parties in the process happy. It is important to us that our clients have experienced local appraisers that are familiar. We do not believe in experimenting like some AMC’s with random inexperienced appraisers. We will save you time and money.
EASY ORDERING
Our online platform makes managing your pipeline easy and effortless. We are fully integrated with Encompass, Byte, Mercury Network, Appraisal Port, Calyx, Lender QB and many more. Orders can be placed without ever leaving your loan processing system. All updates and completed files will be linked right to your LOS system. All documents, comments and client statuses are also automatically synced with Encompass to ensure a seamless order management process. The integration also avoids manual entry of orders to eliminate any typing errors that might occur.
FAST PROCESSING
Each order placed is processed within 2 hours of receipt. Our panel of appraisers consists of over 15,000 appraisers nationwide meeting the highest standards.
COMPLIANCE
We understand keeping up with regulations can be a full-time job. Utilizing an inhouse process or a small AMC may be costly if mistakes are made. We take compliance regulations seriously. Our legal team is on top of every change made so that we keep you protected.
QUALITY CONTROL
Collateral Management has many QC resources that are customized to match your lending requirements. We can save hours of wasted time on external review errors that can be rectified prior to you receiving the file. This not only minimizes time, saves money but also gives you a quality appraisal that can be viewed by your underwriting team rapidly.
On every file, hands on administrative reviews are conducted along with our Crosscheck automated review designed to meet current industry standards along with any overlays you may have.
HOW CROSSCHECK ENCHANCES YOUR APPRAISAL QUALITY CONTROL
Configurable Checklists
Crosscheck can be customized to meet the specific requirements of your needs. Separate checklists can be created for different correspondent lenders you may work with and can be easily set up.
Appraiser Prescreen
Crosscheck triggers a Prescreen as soon as the appraiser submits an appraisal report. The Prescreen highlights issues with the report and enables the appraiser to fix them before sending them on to the appraisal desk. This ensures that reports don’t have to go back and forth, saving precious time & results in quality appraisals delivered to the appraisal desk.
Real-Time Analysis
Crosscheck is fast! And by that we mean blink-of-an-eye fast! As soon as the report is submitted to Crosscheck, it is analyzed in real-time and the results are made available without having to miss a beat. The result is less distractions and more productivity..
Appraiser Verification
Every time a report is submitted for a Crosscheck review, the system automatically verifies the appraiser’s information against the Appraisal Sub Committee database to ensure the validity of their license and veracity of their information. Crosscheck also verifies additional appraiser information on the report & highlights any missing items..
Custom Rules
Create checklists that are tailored to your needs so that only specific rules are checked when you run Crosscheck for your orders.
REALVIEW – AUTOMATED APPRAISAL REVIEW
Our proprietary software has entered into a partnership with Platinum Data Solutions to integrate Platinum’s proprietary automated appraisal review system, Realview™, into our platform to provide lenders and appraisal management companies a powerful tool to ensure compliance with regulations, avoid costly errors and save hours of review time.
This goes far beyond the form-checking appraisal review software of yesteryear. It reviews, analyzes and scores appraisals with far more depth, consistency and accuracy than a human or other technology ever could.
It fluidly adapts to virtually any business process and presents decoded findings in plain English, in seconds. It’s the first analytics and business intelligence technology for appraisals, and the only software that includes elements like context and history when screening for thousands of factors that can compromise appraisal quality.
This innovative, configurable and highly sophisticated platform significantly enhances appraisal quality control and assurance, empowering Banks, Credit Unions, and Mortgage Lenders to thoroughly and quickly review appraisals with a significant reduction – as much as 60% – in review time and errors.
DURING THE REALVIEW AUTOMATED APPRAISAL REVIEW PROCESS
- 2,500+ business rules and USPAP guidelines reviewed
- 1300+ specific data points analyzed
- Appraisal information compared to custom review rule set(s) established by client, lenders, investors, etc.
- Exceptions to the custom appraisal review rule set communicated directly to impacted parties — appraiser, reviewer, lender — so necessary actions can be taken to speed the completion of high quality appraisals.
- Appraiser license status verified.
- Public record, local listing and pending sale data gathered and provided for additional insight on trends and comparable sales.
- Sales price movement, market risk and potential mortgage fraud detected.
UCDP / EAD DELIVERY
Collateral Management’s direct integration allows for instant reports delivered with each appraisal. As your lender agent we can submit every file on your behalf.
Not only does this save time and effort, it ensures that all UCDP/EAD related events are included in the audit trail for the orders and centralizes all appraisal order information in one location. Once your credentials are set up in ValueLink, submitting reports to the EAD is as simple as clicking on a button.
BORROWER REPORT DELIVERY
An email is sent to the borrower proving a secure link containing the appraisal report once completed. Our system allows us to select a specified time if a delay is required for review prior to sending the appraisal to the borrower. The borrower will receive an email with a link and Authorization code.
Once it is clicked, they will be required to acknowledge the consent form. A certificate will be emailed to you reflecting the delivery time and download time to meet all compliance requirements.
AVM’s
Collateral Management now allows you to order Automated Valuation Models (AVMs) directly from within the system. We are able to provide our customers with an extensive selection of AVM products from one central location.
