Home / News / Technology / Axios Releases Regulatory Review Program for Appraisal Compliance
Print This Post Print This Post

Axios Releases Regulatory Review Program for Appraisal Compliance

In Fort Worth, ""Axios Valuation Solutions"":http://www.myaxios.com/ now offers a Regulatory Review Program in its suite of services.


According to a company release, the Regulatory Reviews are designed to meet requirements outlined in the Texas Administrative Code that call for minimum independent compliance reviews on appraisals performed by appraisal management companies (AMCs). Those reviews must be performed by a Texas licensed appraiser who has access to local multiple listing service (MLS) data.

""At Axios, we are making a big push to ensure that our clients and the industry are educated on these constantly changing rules,"" said Tony Pistilli, Axios' chief appraiser, noting that non-compliance could result in a client's license being suspended or revoked. ""Our goal is to make sure everyone is aware and taking the appropriate steps to comply.""

By integrating with local MLS data, Axios is able to automatically and systemically validate the significant characteristics of the subject and comparables on every Regulatory Review, verifying accuracy and identifying potential fraud. In addition, certified appraisers have direct access to every MLS database in Texas and beyond along with national cost data to complete reviews in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP).

""That technology combined with a staff of highly competent, Texas licensed review appraisers, makes Axios the obvious choice,"" Pistilli said.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

Check Also

The Week Ahead: Servicers Advancing Tech Offerings

An upcoming Five Star-led webinar will discuss how to expedite a mortgage servicing technology project, from approval to execution, in a 90-day timeframe.