ROCKVILLE, Md., Dec. 12, 2014 (GLOBE NEWSWIRE) -- via PRWEB - CoesterVMS, a nationwide provider appraisal management and technology, has released its Appraisal Intelligent Review System or AIRs for the lending and appraisal community.
Lenders and appraisers will now be able to have full access to CoesterVMS robust system and take advantage of its quality control, analytics and compliance tools. AIRs will assist lenders and appraisers not only with the general appraisal requirements for the GSE's such as Fannie Mae and FHA but also assist with lender specific, investor specific and property specific overlays all done from one end to end system built by CoesterVMS research and development team.
"This is TurboTax for the appraisal, it walks lenders step by step through the appraisal process but also tells them what's wrong with the report, what we did to address it, what the appraiser did to address it as well as walk them through a custom review process that's very user friendly and requires almost no training. The system is also fully scalable and expandable to any bank, investor, state specific or lender requirement and will be much more specific than most quality control systems available on the market today. It will also incorporate findings from Fannie Mae's new Collateral Underwriter so that it will be a one holistic system for quality control and really the only tool and lender or appraiser will need for a comprehensive compliance and vendor management system" said Brian Coester, CEO of CoesterVMS.
CoesterVMS will also be the first appraisal management company to offer system access to
appraisers directly. This step is geared towards helping the appraisal community get an advantage when dealing with various lenders and investors so that the system ensures the scope of work and specific lender and investors requirements are met before being sent to the appraisal management company and ultimately the lender.
"CoesterVMS has always built a great system and built technology that we really need as a lender. The AIRs is something that we couldn't be more excited about as a customer and will really help us as lenders" said Saudia Casper the directly of quality control at First Mortgage a California based lender.
AIR is currently available for all of CoesterVMS customers and vendors.
About CoesterVMS
CoesterVMS is a nationwide appraisal management company that specializes in providing comprehensive management of appraisal operations for mortgage lenders. CoesterVMS' in-house appraisal management solution combines the best service with the most advanced technology on the market. CoesterVMS guarantees all appraisal reports to fully comply with all regulations and guidelines. The company's Cloud Control appraisal management technology is the only software of its kind to be built on the award-winning Salesforce.com platform, and its "Coester-Mer" service is earning the company a reputation for the best customer service in the industry. Headquartered in Rockville, Maryland, CoesterVMS was founded as a local appraisal company and has since grown to a formidable nationwide force in the appraisal management segment. For more information please visit CoesterVMS online at http://www.CoesterVMS.com .
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