FCT, a leading provider of title insurance, default solutions and other real-estate-related products, announced today that it will integrate appraisal delivery and review services with the eServices plug-in from ACI, a leading innovator in valuation technology for the mortgage industry, according to a release from FCT.
The eServices plug-in is a component within ACI’s Canadian Residential Appraisal Library (CRAL) and will streamline the overall appraisal delivery and review process by identifying whether or not appraisal reports meet the minimum requirements of FCT’s customized rule set prior to report delivery.
The eServices plug-in will allow appraisers to review their reports for correctness, completeness and compliance using over 400 custom review rules prior to delivery to FCT. Because the quality control check is performed on the front-end, CRAL appraisers can expect improved appraisal quality and fewer revision requests overall, according to the release.
“Customer experience is the foundation of the appraisal business,” Terri Austin, head of valuation solutions at FCT said. “Putting interactive compliance solutions, like ACI eServices, directly in the hands of appraisers is just one example of how FCT is bringing value to the industry.”
“We are thrilled to partner with FCT in advancing the Canadian appraisal market through technological innovation,” ACI Senior Vice President George Opelka said in the release. “By combining rigorous review with fast and simple delivery, ACI eServices will give FCT appraisers a competitive edge and better overall experience.”