Swift Mortgage, LLC, a nationwide mortgage lender, will be joining the AppraisalVision network to utilize their SMARTOrder + Encompass by Ellie Mae integration, SMARTReview, and Vision Analytics.
Swift said they will benefit from a fully integrated process using actionable analytics to gain insight into the quality and performance of their appraisal management companies at the point of sale as well as automated QC and underwriting of the appraisal report.
AppraisalVision is the mortgage industry’s first on-demand digital platform for home appraisal and valuation products serving brokers, lenders, appraisal management companies and appraisers. Driven and developed by the data of over one million appraisal orders, the platform leverages real-time data and analytics to drive the process and automate the QC and underwriting of the appraisal report, making the process more efficient and improving quality.
“Everyone is looking for a digital appraisal order and review process to get through current volumes,” Swift Mortgage Executive Vice President Matthew Martin said in the release. “Not only did AppraisalVision streamline the process, but now there’s no more guessing whether our reports will be completed correctly or wrestling with AMCs to make revisions.”
By implementing their products and injecting actionable prescriptive analytics into their appraisal process, Swift Mortgage will be able to make informed business decisions and recreate all the benefits of having their own appraisal desk through AppraisalVision.
“Through the appraisal process and report itself, we’ve been discussing the risk mortgage industry participants are exposed to and how important it is that we get everyone one the same page,” AppraisalVision founder and CEO Jim Cutillo said. “Swift Mortgage is a great addition to our network, and we can't wait to see how their business grows with our support.”
Swift Mortgage, LLC also selected three other AppraisalVision AMCs to add to their panel of AMCs. Those companies include Nationwide Appraisal Network (NAN), Tri-Serv, Synergy, and Equity Solutions.