RealView® is the revolutionary business rules engine that rapidly processes and analyzes appraisals for compliance, completeness, and consistency versus appraisal industry guidelines and the client's customized appraisal review rule set. This innovative, configurable and highly sophisticated platform significantly enhances appraisal quality control and assurance, empowering Mortgage Lenders, Insurers and Compliance Agencies, Servicers, AMCs, Credit Unions, Banks, Thrifts and Investors to thoroughly and quickly review appraisals with a significant reduction - as much as 60% - in review time and errors.
During the automated review process:
- 2,500+ business rules and USPAP guidelines reviewed
- 1300+ specific data points analyzed
- appraisal information compared to custom review rule set(s) established by client, lenders, investors, etc.
- exceptions to the custom appraisal review rule set communicated directly to impacted parties -- appraiser, reviewer, lender -- so necessary actions can be taken to speed the completion of high quality appraisals
- appraiser license status verified
- public record, local listing and pending sale data gathered and provided for additional insight on trends and comparables
- sales price movement, market risk and potential mortgage fraud detected
Key RealView capabilities:
- advanced integration, scalability and extensibility
- easy integration of client-specific guidelines and rules to help fine-tune and accelerate the review process for each client
- multi-faceted platform customization
- flexible configuration of platform into any workflow, LOS or internal legacy system
- individual appraisal assessment to ensure the fulfillment of guideline requirements and reduce data errors and omissions
- user guidance that results in successful submission of higher quality appraisals
- interactive and detailed mapping
- storage and tracking of multiple appraisals for single and varying submissions
- appraisal performance tracking
- well documented, standard, uniform, transparent and consistent appraisal review process that provides a clear record of the appraisal review process utilized -- time after time
- embed an AVM
- risk scoring
Delivery to the UCDP
RealView's UCDP submission component provides the most intuitive, efficient, and streamlined path to a successful UCDP submission. This highly sophisticated and innovative offering provides end-to-end convenience and submission guidance.
From appraisal quality assessment pre-submission and simplified submission processing, to guided re-submissions and appraisal tracking, this platform is the most effective and easy-to-use UCDP submission tool and user interface in the market today.
This additional RealView functionality includes:
- UAD format verification
- Screen for UCDP Hardstops and softstops
- Conversion to MISMO 2.6 gse extension
- Delivery to the UCDP with embedded PDF of appraisal
- UCDP dashboard for management of all submissions to the portal
RealView allows the user to select the feature/functionality the user desires and best of all, the user only pays for what it uses. You are not forced into a box, you are enabled to get what you need, when you need it and nothing more.
One of the best technology partners
"By far one of the best and most responsive technology partners NVS has ever worked with, RealView has allowed NVS to fully-customize our clients' appraisal review rules and add several layers of automation to our quality-control procedure. The partnership has resulted in a more efficient quality-review process producing higher-quality appraisals, fewer back-end revisions and reduced risk for our lenders, and improved relationships with our appraiser panel. The relationship is not only beneficial to our operation, but enjoyable as well!"