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SharperLending, ARC Partner to Enhance Appraisal Services

Mortgage tech provider ""SharperLending LLC"":http://corp.sharperlending.com/ announced enhancements to its Appraisal Firewall platform with a new technical integration to appraisal management firm ""American Reporting Company"":http://www.arcreports.com/ (ARC).

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Under the terms of the companies' agreement, ARC will provide appraisal management services to lenders who utilize the Appraisal Firewall system to order real estate appraisals and manage their own appraisal processes.

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The integration between Appraisal Firewall and ARC provides users with the option to place their appraisal orders to ARC within their familiar Appraisal Firewall system. Instead of using the lender's internally created and managed appraiser panel, the order will route to ARC, which will then utilize its AMC-approved list of appraisers to complete the order. Lenders receive live updates so that they are kept aware during the process.

In addition, lenders using Appraisal Firewall now have extended options for out of area coverage. In case appraisers on their current panel do not cover a certain area, the order can be placed to ARC, who has reason coverage as an appraisal management company (AMC).

""Lenders get more than just the increased efficiencies that come with supplementing their approved appraiser panels with new out of area coverage options,"" said Dave Black, president and CEO of the Washington-based SharperLending. ""Through this exciting partnership with one of the best AMCs available, Appraisal Firewall lenders can comply with additional wholesale and investor requirements for appraisal ordering, which helps broaden the scope and increase the value of their loan portfolio.""

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