iPmodels is developing AppraisalGuardian.com and the ASVA solution to greatly improve business processes for the mortgage lending, real estate appraisal and related industries. Our economy has been adversely affected by various forms of appraisal fraud that greatly contributed to the sub prime loan crisis and current recession. HVCC legislation recently passed that forced new business processes that have further exacerbated communications and file security issues in those industries.
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AppraisalGuardian.com
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The AppraisalGuardian.com application with ASVA technology is designed to instantly solve numerous problems that currently harm appraisers, lenders and borrowers. The ASVA solution will provide the most secure and natural path for the industry to migrate to a data-centric appraisal report format, as GSE loan consolidators are currently mandating.
AppraisalGuardian.com will benefit all parties privy to real estate appraisal reports at a negligible cost, most users for free. This is a data safeguard application that is free for banks to help protect them from making bad loans as well as providing them useful data management tools. iPmodels is seeking to partner with a sophisticated web-smart investor(s) to further develop this technology and launch AppraisalGuardian.com services.
The AppraisalGuardian.com application will also serve as a test bed for other web-centric secure data applications. The real estate appraiser/mortgage banker business interface is most likely the area of greatest immediate need for improved file security and communications tools. ASVA has the technical capability to become the nationwide de facto standard to handle all appraisal reports.