DART APPRAISAL ANNOUNCES INTEGRATION WITH FIRST LENDER'S DATA
INC. (FLDI)
Partnership offers FHA and HVCC compliance through FirstClose
mortgage technology
Troy, MI, March 1, 2010 - Dart Appraisal, the
Troy, Mich.-based provider of nationwide residential real estate
valuations, today announced their integration to FirstClose, a
service of First Lender's Data Inc.(FLDI). Based in Austin, Texas,
FLDI provides cutting-edge technology solutions to mortgage lenders
nationwide.
'Our alliance with Dart Appraisal strengthens our commitment to
provide our mortgage lending customers with a one-stop solution for
all of their mortgage fulfillment needs,' said Tedd Smith, CEO of
FLDI. 'Dart Appraisal was selected under our 'Best of Breed'
business philosophy which is to provide lenders with the most
efficient and cost effective solutions for all aspects of mortgage
settlement services.'
The partnership between Dart Appraisal and FLDI combines
cutting-edge integration technology with the ease and convenience
of the FirstClose platform. Users can quickly place appraisal order
requests or access appraisal reports anytime, increasing
productivity and significantly reducing processing delays.
'FLDI's integration with Dart Appraisal was easily implemented
at the technology level,' said Corey Smith, Director of Business
Development for FLDI. 'Our customers now have the ability to
receive updated status information on each order which allows for
increased communication and efficiency of appraisal orders through
our system.'
The integration also offers a seamless solution to appraisal
compliance under both the newly implemented Federal Housing
Administration (FHA) regulations, which went into effect Feb. 15,
2010, and the existing Home Valuation Code of Conduct (HVCC). The
new FHA policies seek to create more independence for residential
real estate appraisers, allowing them to provide fair and accurate
appraisals free from pressure.
'We are pleased to expand our five-year partnership with FLDI to
offer their users a seamless solution to FHA and HVCC-compliant
residential real estate appraisals,' said Darton Case, chief
executive officer of Dart Appraisal. 'Dart Appraisal combines
leading technology with stringent quality control measures for a
comprehensive appraisal.
'We are confident in this undertaking because we recognize both
companies are committed to superior customer support and to
customizing their client's service needs and requirements,' Case
added. 'Together we offer nationwide coverage and competitive
pricing on the full appraisal product.'
As part of the DartLink(TM) appraisal integration connections
program, Dart Appraisal also implemented numerous custom
integrations in the past year, including FNC/Appraisal Port, RealEC
Technologies, PLATINUMdata Solutions, SharperLending,
encompass/Ellie Mae and Mortgage Builder.