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Urban Lending Solutions to Utilize New Appraisal Technology from FNC

Urban Lending Solutions Appraisals LLC (ULSA) recently licensed the use of new appraisal management software from Mississippi-headquartered ""FNC"":http://www.fncinc.com, a real estate information technology firm.

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Colorado-based ULSA is a subsidiary of ""Urban Lending Solutions"":http://www.Urban-LS.com, a provider of loan modification services, underwriting, valuations, and other real estate information solutions in the mortgage business.

FNC's Collateral Management System (CMS) is a workflow and vendor management platform that includes the Generally Accepted Appraisal Rules (GAAR) Compliance Series, which provides an automated review of each transaction, flagging violations that may indicate risk.

""This deal was an opportunity for us to demonstrate our commitment to our clients and appraisers by providing

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them with leading-edge technology,"" said Scot Rose, ULSA's president and chief valuation officer.

Rose continued, ""Our aim was to help them become more productive at a time when generating revenue is difficult and every dollar counts. Improvements to our back office benefit our clients every day. They gain because their valuations are more accurate, and that keeps them in compliance with their investors.""

The system documents the entire process, helps ensure appraiser independence and compliance with USPAP standards, and highlights potential appraisal or appraiser-related red flags.

In addition, FNC technology automates vendor management with ordering and delivery of appraisals and provides secure communication with ULSA's appraisers through ""AppraisalPort.com"":http://www.appraisalport.com.

""We saw ULSA's potential for continued growth in the next few years, their commitment to customer service, and their commitment to building a long-term business - not to mention that their parent company is one of the fastest growing companies in the mortgage business - as compelling reasons to work closely together,"" said Mike Mitchell, FNC's chief strategy officer.

""ULSA has a deep understanding of the mortgage process from origination through the secondary markets,"" Mitchell added. ""Throughout the life of the loan, they are committed to providing innovative, cost-effective solutions.""

About Author: Heather Cernoch

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