""SharperLending LLC,"":http://corp.sharperlending.com/ a technology provider for the mortgage industry, announced Thursday that it has re-designed one of its key products, its Appraisal Firewall. The new version of the firewall allows for more integration between appraisers and lenders.[IMAGE]
The product revisions are aimed at minimizing time, cost, and risk for users, according to a ""press release"":http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsLang=en&newsId=20120531005368&div=-917465616 from SharperLending.
""Now lenders can perform more origination and processing work in their Loan Origination (LOS) systems to reduce costs and maintain efficiency, and LOS companies and other technology partners can capture more of their existing clients' business,"" stated the press release.[COLUMN_BREAK]
Often, lenders are not able to access appraisers and appraisal data from their own origination systems, but the new Appraisal Firewall integration allows them to do so.
""Appraisal Firewall not only delivers real estate appraisal data back into the LOS ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô it also provides direct access to a lender's appraiser panel,"" said Dave Black, president and CEO of SharperLending.
Having partnered with technology companies for more than 20 years, the team at SharperLending is keenly aware of the challenges and costs technical integrations often present. Black said the new feature eliminates many of these challenges by presenting a platform where lenders can access appraisals without leaving their own system.
""We have made it easy and fast to work with LOS companies toward mutual integrations ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô with a guarantee that the LOS will get the return it is seeking,"" Black added.
Appraisal Firewall is also designed to ensure compliance with industry regulations.
Founded in 1989, Washington-based SharperLending has counted more than 100 million mortgage transactions completed through its technological platform.