SELECT™ Features & Benefits

SELECT™ is a subscription database, which contains all licensed and certified Appraisers and is enhanced by participating Lenders, Appraisal Management Companies and Regulators. It is a simple, yet powerful solution for managing the "people part" of the appraisal process.

Appraiser panel management is a tremendous, unwieldy task, but can be optimized and more effective by the pooling of information within a central repository. Now, more than ever, the economic environment demands greater reliance on the engagement of competent and ethical real estate appraisers.

We've simplified compliance by giving you better information to be able to make better decisions.

FEATURES

• A regulatory compliance tool
• Document collection and storage
• Fraud Avoidance
• Powerful search functions
• Comprehensive Appraiser profiles
• Third party access, permission based

APPRAISERS

• Individual appraiser credentials
  • Allows users to assign orders appropriately
  • Meets new Fannie Mae competency directive
• Each appraisal company is tracked with a unique ID
• Approval with FHA and VA is monitored
• Document management
  • Licenses
  • CE certificates
  • Insurance binders
  • Driver License or Photo ID
  • W-9
  • Sample Appraisals
• Standardized Resume format
  • Designations
  • Specialties and Expertise
  • References
• CE Log and Certificate Storage
• Identity Theft verification system
• Fee Schedules
• Geographic Coverage
  • Radius Search for Companies and Individuals
• License/Certification Status

LENDERS & AMCs

• Add, Remove, Monitor fee panels in "real time"
• Share lists( public/private options) with Correspondent Lenders, Interdepartmentally and with AMCs
  • Ineligible
  • Exclusionary
  • Approved
  • Pending
  • Probation
  • User Defined Fields
• Exclusionary List Compliance
  • Posting of Process and Procedures and Actions
  • Document Management, Tracking, Notifications
• Service Bulletins by broadcast announcements
• Lenders can expose their Vendor Lists to AMCs on permission basis
• Manage separate panels for each client with sub lists

REGULATORS

• Appraiser Profiles in "real time"
• Standardized Complaint Format
• Complaint Workflow Management
  • Collect
  • Investigate
  • Document storage and tracking
  • Processing
  • Communicate
  • Reporting to ASC
• Bulletin Board to communicate between State Appraisal Boards
• Statistics and trending reports
• Transmit Reports to ASC
• Access to CE certificates in appraiser profiles for audit
• Communicate with Appraisers
  • Newsletters
  • Bulletins