CBOX™ Features & Benefits
CBOX™ Features & Benefits
The Financial Regulatory Reform, Title XIV, requires mandatory reporting of appraisers to their State Appraisal Boards who violate USPAP where values have materially been misstated. Within CBOX™ we have standardized a complaint format and designed tools to assist you in reporting, tracking and delivery of complaints.
CBOX™ Summary:
- Complaint Center (Mandatory Reporting per Dodd-Frank Act)
- Drop down menu for ease of use which includes a matrix of USPAP violations
- Automated reporting to appropriate Regulators
- Standardized process and tracking
- Compliance made simple
We’ve made a potentially complex compliance challenge a win–win for all participants. There is nothing more harmful to the appraisal profession than lack of enforcement to remove “bad actors” from our midst. Regulators need to receive valid complaints in a standardized format to assist them in processing files in a cost effective, efficient manner. Lenders and AMCs benefit by having a clear path to remain in compliance.
- Allows you to become accessible to multiple lenders and AMC's from one system.
- Provides you the opportunity to stand out from your competition.
- Averages appraiser fees based on territory to create a comprehensive survey for your local area.
- iGUIDE™ is a searchable database of regulatory and compliance guidelines for appraisers.
- Provides you an area to manage your continuing education documentation.
- Allows you to showcase your talents (e.g. experience and competency).
- Aid you with getting on rosters in today's regulatory environment.