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DartAppraisal.com Announces Integration with FNC Mortgage Technology Company

Posted on: Wednesday, 26 August 2009, 10:25 CDT

TROY, Mich., Aug. 26 /PRNewswire/ -- DartAppraisal.com, the Troy, Mich.-based provider of nationwide residential real estate valuations, today announced their integration to mortgage technology company FNC Inc., a pioneer in real estate collateral information technology. FNC's clients are among the largest mortgage industry lenders, including MetLife Bank, Union Bank, and Wachovia (a Wells Fargo company).

Most recently, mortgage lenders turned to FNC platforms for help in complying with the Home Valuation Code of Conduct (HVCC). DartAppraisal.com offers superior technology and proven results for delivery of HVCC-complaint appraisal services.

As a marriage of innovative mortgage technologies, the collaboration between DartAppraisal.com and FNC will create a secure, bi-directional communication link for required data. The direct interface will transmit necessary data between the two firms and their respective platforms. The integration will also facilitate payment between mortgage borrowers or brokers and DartAppraisal.com.

The direct interface allows DartAppraisal.com to receive appraisal requests from an FNC Collateral Management System (CMS(R)) client. DartAppraisal.com fulfills the order and then delivers the completed appraisal back to the client through FNC's AppraisalPort(R), an online portal designed to securely deliver appraisal orders and completed valuation products. This partnership eliminates the need for DartAppraisal.com to use the web interface and manually retrieve and deliver FNC client orders and products, streamlining the appraisal process.

"FNC is always excited to have new vendors integrate with AppraisalPort, the nation's leading portal for delivering secure valuation documents in the AIReady data format required by the nation's largest residential real estate mortgage lenders," said Shawn Telford, FNC CMS product manager. "We are happy to be able to offer our lender clients direct, secure access to DartAppraisal.com's services."

"The integration of DartAppraisal.com with FNC is an ideal combination of leading mortgage industry technologies," said Darton Case, president of DartAppraisal.com. "Our stringent quality control measures and streamlined processes offer proven results to our clients."

DartAppraisal.com is a leading independent provider of nationwide residential real estate valuations. The Troy, Michigan-based company provides appraisal management services, automated valuation models (AVM's), and other custom valuation solutions for more than 800 clients. DartAppraisal.com uses leading edge proprietary technology to manage a panel of 3,500 state licensed appraisers and is committed to providing the highest quality and efficiency. www.dartappraisal.com.

FNC pioneered real estate collateral information technology. Since 1999, FNC has offered solutions that automate appraisal ordering, tracking, documentation and review for lender compliance with OCC, OTS, Federal Reserve, FDIC, and other regulations. FNC's lender clients have realized reduced costs and more efficient loan processing. With its collateral management platforms and collateral-focused data and analytics, FNC provides advanced insight into the property backing a loan from origination to capital markets. No one understands real estate collateral better than FNC. Visit FNC online at www.fncinc.com

SOURCE DartAppraisal.com

Source: PR Newswire

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