Appraisal Firewall Enhancements Scheduled for
Friday Morning, February 21st, 2020
Release Information for Appraisers

Starting Friday morning, February 21st, 2020, a new version of Appraisal Firewall will be available to you. This release includes an opportunity for you to get more business on the non-traditional appraisal side.  Some of you may have heard of the Verisite mobile property inspection technology that we offer to lenders for loans and sub-loan products that don’t require full appraisals.  You can now choose to opt in to be considered on your lender client panels for these kinds of orders, which is different than traditional appraisal work.  See below for more information.

Other enhancements include an expanded tool to help you with billing reconciliation.
 
What is Verisite?  How can I get involved?
Lenders commonly order Verisite on things like equity loans, disaster relief inspections, new construction progress evaluations, portfolio reviews and more – types of loans where a standard form and valuation may not be used, but lenders still need proof of the condition of the property's exterior and/or interior.
  • If you don’t want to be involved in the Verisite program, you don’t need to do anything: these changes will not have an impact on you.
  • If you want more information, you can either contact your lender, or reach out to our Customer Service team at (800)537-0760 option 3 with questions.
  • If you are interested in this kind of work that doesn’t necessarily include residential appraisal products, you can follow these quick instructions to modify your system profile:


Login as an appraiser, click the Settings gear icon in the upper left, and expand Appraisal Types. There are now 3 options: Residential, Commercial, and Verisite.  Check the checkboxes as appropriate based on the types of work you are qualified to do.  This type of work can then be assigned to you by your lender clients when they place orders.

Division Company Name Now Listed on Appraiser Billing Report
You often use the Appraiser Billing management report to track, manage, and reconcile billing for your work.  To help with billing reconciliation, you will now see a new column in the Appraiser Billing report called Lender. The Lender column will display the company name of the division that the order was placed under.

How to use this feature
Login and click the Reporting menu, then choose the Appraiser Billing report and click Run Report.  The resulting management report will automatically display the new Lender column and division company name data.  Note that the Party column in this report may reflect the same data displayed in the new Lender column; it may also display the name of the company to expect payment from.