Features & Benefits

bullet Appraisal data freed from both paper and form

Historically, appraisals have been delivered either as PDFs via email or on paper. In either case, the data in these reports had to be be re-keyed into your work flow management system for processing and use. AI Ready, delivers  appraisal reports not as images or paper, but as usable data free from form and paper. Data  extracted from the report is immediately and automatically imported into your management system for analytics, reporting and portfolio management, cutting days and dollars out of the closing process.

bullet Immediate automated appraisal review based on your business rules

Appraisal reports are received via AppraisalPort and processed through FNC’s Collateral Management System™ (CMS). AI Ready files are immediately and automatically reviewed upon receipt, based upon your business rules and risk checks. FNC's  datacentric infrastructure automates approximately 80 percent of appraisal processing, leaving only 20 percentthe exception casesto human review.

bullet An open data standard

FNC's Open Appraisal Document Interface (OADI)  enables appraisal forms software developers to incorporate the Appraisal Institute’s open XML standard for real property information. What does this open standard mean to you? With every major forms software vendor adopting the XML standards and incorporating the OADI upload/download components into their packages, your pool of potential appraisers is as large as the industry itself. FNC’s CMS/AppraisalPort conduit, fueled by AI Ready delivered data, gives you instantaneous access to qualified appraisers across the country, all from one unified interface.

bullet Integrated data access within workflow management

AI Ready collateral data is extracted real-time for limitless cross-application purposes within your day-to-day workflow management. Analytics, reporting, review, portfolio management, archivingwith AI Ready your options are infinite. All without re-keying data.

bullet Cuts time and costs associated with closing

What more is there to say? Your staff accomplishes more work, faster and with less headaches and error. No matter the ebb and flow of origination volume, you'll be equipped to ride the wave to a better bottom line.

 

 

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