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Lenders & AMCs,
Are you compliant?
Validox™ is your Audit Proof System for over 300 Federal & State Requirements
- Ensure all of your appraisers are in compliance with USPAP
- Quickly verify Good Standing and use Only Certified Appraisers
- Easily Provide Evidence of Customary and Reasonable fees for Appraisers
- Ensure that all your Appraisers are Geographically Competent
- All of these services plus MORE all FREE to Lenders & AMCs!
AMCs & Lenders save up to $100,000/year!
The free services that Validox™ provides to its clients, would normally cost the AMC or lender around $350 per appraiser vendor annually. For a small panel of appraisers Validox™ will save that client around $50,000 per year and for a large panel around $2,000,000 per year in appraiser vendor management costs. Sign up today and get it all for FREE!
Take Control of your Appraiser Panel Regulatory Compliance and On-Going Maintenance Now!
Validox™ was built by AMCs and Appraisers with the goal of minimizing compliance costs for all parties...including AMCs, Lenders and Appraisers!
The free services that Validox™ provides to its clients, would normally cost the AMC or lender around $350 per appraiser vendor annually. For a small panel of appraisers Validox™ will save that client around $50,000 per year and for a large panel around $2,000,000 per year in appraiser vendor management costs. Sign up today and get it all for FREE!
When AMCs register with State Appraiser Boards the mortgage lender and AMC are certifying that they have audit-proof systems to...
- Ensure all appraisers produce all reports in compliance with USPAP
- Review appraisers' work with a formal review done by a certified appraiser in the particular state
- Verify Good Standing and use of only valid licensed or certified appraisers
- Provide evidence of Customary and Reasonable fees for appraisers
- Remove an appraiser from a list of appraisers in a method that does not violate appraiser regulations
- Allow appraisers to adequately review an assignment request prior to acceptance
- Ensure that appraisers are Geographically Competent
- Ensure that appraisers are Product-type Competent for every assignment
- Archive all critical documentation for audit purposes, engagement letters and communications
- Compensate appraisers by deadlines established by state specific laws
