SPOKANE, WASH — Mortgage technology provider SharperLending LLC announced today that it has partnered with LendingQB, a provider of mortgage loan origination technology solutions, to connect SharperLending’s Appraisal Firewall software to the LendingQB loan origination system. The direct-data integration provides mortgage banks, community banks and credit unions working in LendingQB with seamless access to Appraisal Firewall, where they can work with their own trusted local appraisers, get real estate appraisal quality control solutions, and comply with all appraisal regulations.
The integration with Appraisal Firewall enables LendingQB users to exercise tighter control over their appraisal workflow by selecting the type of appraisal provider they need: either a known and trusted appraiser from their panel in Appraisal Firewall, or an Appraisal Management Company. Additionally, LendingQB users can prove that all regulatory compliance requirements were followed with every appraisal order with the Appraisal Independence Report that is delivered back to the LOS along with the completed appraisal. All of this is done right from within their familiar LendingQB loan origination and processing system to avoid process interruption and reduce training time.
“This integration gives lenders additional appraisal process efficiency while reducing costs and lessening the impact of appraisal regulations,” says Dave Black, President and CEO of SharperLending LLC, the company behind the Appraisal Firewall technology. “Now users of the LendingQB technology have a new way to order and receive their completed appraisals, plus appraisers, appraisal reviews, appraisal management companies, and a full suite of quality control and compliance solutions.”
“Appraisal Firewall shares our mission to help lenders be more efficient by reducing the cost and risk to originate loans,” said Binh Dang, President of LendingQB. “More importantly, they understand the unique challenges lenders face with the appraisal process. By combining our mutual strengths, we create additional value for lenders through effective and innovative utilization of technology.”
Appraisal Firewall is a secure, web-based software solution for lenders to manage their own appraisal process and work with their trusted local appraisers, plus any AMCs they want to work with. Appraisal Firewall helps lenders comply with all appraisal independence regulations, including the Consumer Financial Protection Bureau (CFPB) requirements, Reg B, TRID, Dodd-Frank Wall Street Reform and Consumer Protection Act, Interagency Appraisal and Evaluation Guidelines, internal and investor requirements, plus GSE requirements for lenders to submit UAD-compliant appraisals electronically to the UCDP and FHA requirements for lenders to submit appraisals to the EAD portal.
LendingQB is a comprehensive, web-based mortgage loan origination solution that combines advanced technology with lender-focused best practices. LendingQB provides a core set of tools that includes automated underwriting, product pricing, document imaging, secondary marketing and connects to key essential services such as Appraisal Firewall. A key driver to their success has been their ability to implement best practices that enable lenders to maximize adoption of mortgage LOS technology.
The integration is now available to all LendingQB users. Interested parties can click here to learn more about the integration.
Headquartered in Spokane, Wash., SharperLending LLC was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company’s proven technology has processed more than two billion secure mortgage transactions. SharperLending has been processing appraisals since the late 1990s, with Appraisal Firewall breaking out of the company’s settlement services technology into its own unique offering. SharperLending LLC has three divisions under its corporate umbrella: SharperLending Mortgage Services Division, the mortgage services and Appraisal Firewall platforms; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. For more information, visit www.AppraisalFirewall.com, watch the YouTube video, or call (800)452-1174. Interested in the upcoming FHA EAD portal and how it impacts FHA loans? Visit the Appraisal Firewall FHA EAD resource center.
LendingQB is a provider of 100% web browser-based, end-to-end loan origination software offering residential mortgage banking organizations lean strategies for optimal performance resulting in faster cycle time and lower costs per loan. For more information, please call 888.285.3912 or visit our website at: www.lendingqb.com.