Mortgage technology provider SharperLending, LLC, announced it has partnered with LendingQB, a provider of mortgage loan origination technology solutions, to connect SharperLending’s Appraisal Firewall software to the LendingQB loan origination system. The direct-data integration provides mortgage banks, community banks and credit unions working in LendingQB with seamless access to Appraisal Firewall, where they can work with their own trusted local appraisers, get real estate appraisal quality control solutions, and comply with all appraisal regulations.
The integration with Appraisal Firewall enables LendingQB users to exercise tighter control over their appraisal workflow by selecting the type of appraisal provider they need: either a known and trusted appraiser from their panel in Appraisal Firewall, or an appraisal management company, the companies said in a news release. Additionally, LendingQB users can prove that all regulatory compliance requirements were followed with every appraisal order with the Appraisal Independence Report that is delivered back to the LOS with the completed appraisal.
“This integration gives lenders additional appraisal process efficiency while reducing costs and lessening the impact of appraisal regulations,” SharperLending President and CEO Dave Black, said in the release. “Now users of the LendingQB technology have a new way to order and receive their completed appraisals, plus appraisers, appraisal reviews, appraisal management companies, and a full suite of quality control and compliance solutions.”
Appraisal Firewall is a secure, web-based software solution for lenders to manage their own appraisal process and work with their trusted local appraisers, plus any AMCs they want to work with. Appraisal Firewall helps lenders comply with all appraisal independence regulations.
“Appraisal Firewall shares our mission to help lenders be more efficient by reducing the cost and risk to originate loans,” LendingQB President Binh Dang said. “More importantly, they understand the unique challenges lenders face with the appraisal process. By combining our mutual strengths, we create additional value for lenders through effective and innovative utilization of technology.”