Appraisal Firewall System Enhancements Scheduled for Tomorrow Morning, Friday May 31st, 2019
Release Information For Lenders

Starting tomorrow morning, May 31st, 2019, a new version of Appraisal Firewall will be available for you.  This release includes enhancements to appraiser rotation, credit card orders, and Reg B compliance documents. Read on for detail.


Lender Information Included on Verisite Reports
We are enhancing the Verisite Photo Report to provide you with a quick reference to more data. Based on your feedback, we are adding the lender name to the header, making the subject property address more prominent, and renaming the Certified Images field to Completion Date.

How to use this feature:
All Verisite Plus and Verisite Photo Report results will automatically be updated with the new format.  The lender data field will reflect the company name listed on the division the order was placed under in Appraisal Firewall.

 

Not Using Verisite yet?

Verisite orders connect Appraisal Firewall with our Verisite app for mobile devices.  Increase your bottom line and diversify your appraisal offering!  Verisite is being used more and more for equity lending (and a variety of other loan products).  Offer more, and get more with Verisite.


When you place an order for a Verisite property inspection, they determine which rooms and other aspects of the property they want photos and descriptions of.

The order is then sent to the Verisite mobile app and to the person (or, Photo Agent) the you want to provide the data – such as borrowers, appraisers, inspectors, loan assistants, realtors, etc.  The Photo Agent takes interior and exterior property photos, compiles photos and descriptions, then sends the data back to Appraisal Firewall.  Appraisal Firewall then generates the Verisite output.
New Division Setting Provides More Control Over Billing
We’ve enhanced billing settings to allow you to require payment from the borrower. When enabled at the division level, the feature will remove the standard ‘Credit Card’ payment method and only provide the ‘Credit Card- Request from Borrower’ option, in addition to the other default payment options.

How to use this feature:
Access one of your divisions, and click Edit Settings. Maximize the General section and select the new checkbox labeled ‘Require Borrower Input Credit Card’ and then Save your change. The next time a user places an order under this division, the ‘Credit Card’ option will be removed from the Payment Method dropdown menu. The other standard payment methods of Bill Me, Bank Account, eCheck, appraiser collect fee, and Lender CC options will still be available. Please note: Enabling other billing settings and restrictions in addition to the new checkbox may impact the payment methods available on the new order screen.
 
Discover Credit Cards Now Accepted!
The system will now be able to process Discover credit cards in addition to Visa, Mastercard, and American Express. Also, the system will auto detect what credit card has been entered so you no longer need to select which credit card you are using.

How to use this feature:
When entering credit card information, the system will automatically detect the type of credit card being entered (Visa, Discover, etc.).  You will no longer have access to the credit card dropdown menu to select the card type. 
 
New Management Setting Provides More Control Over Rotation Settings
We’ve added a new manual rotation setting that notifies administrator users whenever a manual rotation order is placed. With the new feature, if you use the Manual Rotation setting for all orders under any division, administrators will be notified on every order. Currently administrators are only notified if the Manual Assignment checkbox is marked on the New Order screen.

How to use this feature:
Within a division’s settings, maximize the General section and scroll to the Assigning Orders section.  If the Manual Rotation feature is enabled, there is now a sub-checkbox labeled ‘Notify Admins After Order Placement.’  Select the box and click the Save button to have every order placed under this division notify administrator users.
 
Update to Borrower Terms PDF Aids in Reg B Compliance
We’ve enhanced the Borrower Terms PDF to help with your Reg B compliance. When the borrower confirms the ability to view an electronic delivery of an appraisal report, the borrower terms PDF will now include the borrower name, property address, and loan number for quick reference. Now when you download or a print a copy of the Borrower Terms PDF, you can use the new information on the PDF to help quickly associate the PDF with the loan file.

How to use this feature:
The borrower terms PDF will automatically reflect the new information.