Own the Appraisal Process
Appraisals are delicate and risky business, especially with Dodd-Frank, UAD and UCDP now governing orders and submissions, and assessing strict fines for non-compliance. If appraisals are submitted incorrectly to the GSEs, origination can come to a halt, and you run the risk of tarnishing your company’s reputation with Fannie Mae and Freddie Mac.
You need an appraisal solution that streamlines the appraisal workflow from start to finish by helping you stay compliant, save money and get through origination faster.
Take care of appraisals inside Encompass
Encompass Appraisal Service is a cost-effective way to help you stay compliant with the latest appraisal guidelines and navigate the appraisal process with confidence. Easily complete your order right from the loan file, automatically send it through a quick compliance check, import complete reports to the borrower’s secure electronic loan folder (eFolder) and submit them to Fannie Mae and Freddie Mac–all without leaving Encompass®.
- Integrate appraisals with your workflow.
Complete your order right from the loan file in Encompass — in minutes and quickly import complete appraisal reports directly into your eFolder.
- Submit UAD-compliant appraisals.
Leverage the integrated Veros Pathway Service to run a quick check for errors and UAD compliance issues with a designated appraiser before submitting to Fannie Mae and Freddie Mac.
- Eliminate the middle man.
Charge the borrower’s credit card directly for the appraisal fee.
- Customize your workflow.
Manage your own independent appraisers or work with our integrated appraisal management companies, and control which users can order appraisals.
Note: Ellie Mae provides technology and connectivity for its Encompass clients to communicate with third-party appraisers and Appraisal Management Companies (AMCs) about performing appraisals for loan files. It is the responsibility of the appraiser or AMC selected by the Encompass user to manage the appraisal process. Ellie Mae is not an AMC and does not administer, review or verify the work of these appraisers or AMCs.