Appraisal Firewall is a secure, web-based residential and commercial appraisal ordering solution that enables lenders to self-manage their appraisal process. Lenders can work directly with their trusted local appraisers - and any AMCs they work with - to achieve management level control and multi-department efficiency. Appraisal Firewall increases the speed of Loan Production and Underwriting while helping lenders comply with all appraisal regulations – including the CFPB and Dodd-Frank appraisal rules. Appraisal Firewall is not an AMC.
Appraisal orders are placed in a double-blind manner by production staff to appraisers on the panel Lenders setup. Production staff members do not know which appraiser receives the order. The Lender's Corporate Office has access to all Loan Production and Appraiser activity every step of the way to guarantee the delivery of independent appraisals, and all activity is logged to help protect from audits and related penalties and fines.
No matter the acronym, Appraisal Firewall has your regulatory appraisal compliance covered. Appraisal Firewall o ffers simple solutions to make lenders’ compliance worries a thing of the past: we enable our users to prove every appraisal complies with all requirements to satisfy any auditor.
Our approach to compliance is simple: every appraisal comes with an Appraisal Independence Report (AIR) and full tracked communications log. The communications log tracks everything that happens within each appraisal request, and displays in an easy-to-understand format that you can download and print.
Protect your mortgage lending business. Prove your compliance on every order - with Appraisal Firewall.
GSEs and investors started requiring UAD-compliant appraisals to be delivered electronically to the Uniform Collateral Data Portal, or UCDP, on December 1st, 2011.
Use these pages to learn more about UAD-compliant appraisals and UCDP solutions provided by Appraisal Firewall.
Appraisal Firewall is the Answer to All of Your UAD and UCDP Questions
The GSEs Uniform Mortgage Data Program (UMDP) standardizes appraisal and loan data and aims to reduce risk and promote transparency throughout the entire mortgage process. The UMDP has impacts on both lenders and appraisers. The two major components of the UMDP initiative are:
Uniform Appraisal Dataset (UAD) – Standardizing appraisal forms into the Uniform Appraisal Dataset (UAD) format (effective date Sept 1, 2011), and
Uniform Collateral Data Portal (UCDP) – Sending the standardized appraisal forms to the Uniform Collateral Data Portal (UCDP). Effective Date: December 1st, 2011.
Appraisal Firewall is a UCDP Lender Agent that can send UAD-compliant appraisals to the UCDP on behalf of lenders!
Appraisal Firewall has partnered with some of the best names in the real estate technology industry to bring more data connections and features to our lenders.
We have also integrated with several Loan Orgination Systems (LOSs) to make your loan process seamless.
Appraisal Firewall delivers administrative controls for your corporate office or appraisal administrator to have a scope into each branch’s appraisal activities. The administrator(s) for the account have the ability to customize settings, user panels, and appraiser panels per branch or division in order to tightly control separate workflows.
