Ellie's Encompass Gets HVCC-Compliant
Real estate appraisal management company StreetLinks National Appraisal Services on Monday announced the integration of its systems with loan origination software provider Ellie Mae, expanding the reach of compliant services just days after a new regulation cracked down on appraisals. The partnership allows users of Ellie Mae's Encompass software to order appraisals through StreetLinks and receive completed reports within their loan origination system and without having to use separate systems or risk duplicate entries often associated with a less streamlined approach. "Through this integration, lenders can launch an appraisal order with the push of a button from within their loan origination system," StreetLinks chief operating officer Tony Ebeyer said in a media statement. "This will reduce processing time and eliminate errors inherent in duplicate entry." Accuracy of information, especially when it comes to the appraisal process, is even more important now that the May 1st deadline has passed and the revised Home Valuation Code of Conduct has officially become effective. The code essentially requires the selection and assignment of appraisers on a blind basis via independent, third-party platforms to avoid conflicts of interest and fraud. StreetLinks, which recently announced the expansion of its Indianapolis-based operations center, is a non-influence, fully HVCC-compliant appraisal management service provider offering compliance solutions to mortgage bankers. Write to Diana Golobay at firstname.lastname@example.org.