Appraisal SmartDOC -
Eliminate the Time and Distance Factors in Appraisal Processing
Standardized Appraisal Requests
Utilize the standard MISMO Request XML structure to order appraisals. You are already using the MISMO Request structure to order credit, flood and title. Now you can leverage that development effort by reusing it to order appraisals. If you are still developing proprietary systems to streamline your appraisal order process, its time you looked into MISMO and the new Appraisal SmartDoc standard.
Standardized Appraisal Messaging
Tired of playing phone tag or email tag? Now you can get appraisal status messages in a standardized fashion. No more special coding or interfacing with proprietary systems. Simply implement to the new MISMO Appraisal Messaging standard and easily communicate with all MISMO compliant appraisers.
Standardized Property Data
Paperless property information is here. Type in the address and never type it again. From loan origination, to flood certification, to title, to requesting the appraisal and finally recording, the MISMO Property XML tags are now common in all process areas. Take advantage of this new core component and streamline your all process areas.
Standardized Appraisal Data
You need to run review and compliance checks on the appraisals you receive. You have been coding your rules to work on multiple proprietary systems. This is expensive and time consuming. Standardize you compliance rules on the MISMO Appraisal XML data standard and simplify you development effort and reduce your costs.
Standard MISMO Response |
Appraisal SMARTDOC Container
Signed Adobe PDF document of the appraisal report provides accurate representation of the actual report the appraiser produced. |
Appraisal XML Data |
| Appraisal Reconciliation and Property Valuation results |
| Valuation approaches: Sales Comparison; Cost Approach; Income Approach; Forecasting and AVM. Includes GIS information on the properties |
| Detailed Subject Property information in new MISMO Property XML format. |
| Appraiser and supervisor license information with names and addresses of the parties involved in the appraisal |
| Property Inspection summary |
| Optional – Subject and Comp photos; Property sketch; Location Map and other exhibits |
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