Magazine article Mortgage Banking

DartAppraisal.com Offers Broker Solution for FHA Appraisal Compliance

Magazine article Mortgage Banking

DartAppraisal.com Offers Broker Solution for FHA Appraisal Compliance

Article excerpt

DartAppraisal.com, Troy, Michigan, an independent provider of residential real estate valuations, has released an updated version of its DartExpress system to ensure compliance with all Federal Housing Administration mortgagee letters related to valuations. The technology updates come in advance of the FHA policy changes that take effect Jan. 1, 2010, allowing mortgage brokers, lenders and appraisers an early advantage in compliance.

DartAppraisal.com originally developed DartExpress technology in May 2009 to streamline the appraisal process for mortgage brokers while maintaining Home Valuation Code of Conduct (HVCC) compliance. The enhanced system now maintains compliance with all new FHA appraisal policies for FHA-insured loans as well.

DartExpress provides a quick and easy online system to initiate an appraisal order, pay for and track the progress of the order, and deliver a copy to the mortgage broker and lender in full compliance with HVCC and all new and existing FHA mortgagee letters.

"We have enhanced our DartExpress technology to now offer the fastest path to FHA policy compliance for mortgage brokers, lenders and appraisers," said Marko Berishaj, CMB, vice president of DartAppraisal. …

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