Magazine article Mortgage Banking

Appraisers Embracing Technology

Magazine article Mortgage Banking

Appraisers Embracing Technology

Article excerpt

A LA MODE INC., OKLAHOMA CITY, HAS announced Mortgage XSites, its latest lender-side solution to closing loans faster. Mortgage XSites allows brokers, loan officers and other lender representatives to quickly set up and easily maintain a Web site loaded with rich content and features, geared toward getting business from homebuyers and refinancers.

Mortgage XSites allows users to seamlessly interface with electronic data interchange-capable (EDI-capable) appraisers. It will enable appraisers to import appraisal order details, complete assignments and deliver complete, error-free electronic appraisal reports faster and more efficiently, according to a la mode.

According to a March 2004 a la mode survey of more than 1,250 appraisers, Mortgage XSites can significantly streamline the appraisal process. Mortgage lenders that order and receive appraisal reports lag their appraisers in the adoption of time-saving technology and business practices, the survey found, a la mode invited its more than 51,000 appraiser customers to participate in the online survey, which asked how much of the appraisers' business is done electronically, and measured their adoption of EDI--the ability to receive electronic orders, respond to electronic follow-ups and provide portable document format (PDF) or other electronic-format final reports--in the last five years. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.