by George Opelka | Jun 30, 2020 | Press Release
NEW YORK, NY / June 30, 2020 / – PropMix.io, a real estate analytics and artificial intelligence company with solutions for lenders, appraisers, and realtors, today announced an integration with ACI, a member of the First American (NYSE: FAF) family of companies and leading solutions provider in the valuation industry for over 30 years, to deliver Market Conditions Advisor (MCA) via ACI’s appraisal software platform, ACI Report. The integration enables appraisers to access residential valuation data and insights seamlessly from the ACI Report platform.
MCA is a residential real estate appraisal analytics platform powered by curated real estate data and artificial intelligence. It provides single search access to listing data from any number of listing data sources and public record data including deep property history without having to download & import data from MLSs. Appraisers can easily generate an inventory analysis and include local market insights in their appraisal reports.
“We are excited to offer our appraisers a single integrated platform to research and pull real estate market data directly into ACI Report,” said George Opelka, general manager at ACI. “This integration begins our journey together to deliver PropMix’s growing analytics and AI capabilities to help appraisers increase their productivity.”
ACI users can now seamlessly launch MCA to perform market analysis, research property history, run inventory analysis, and make value adjustments. MCA also delivers fully automated image labeling using its AppraisalVision service. At the click of a button, data, insights, photos and charts are imported straight into the ACI form for the appraiser to complete and submit.
MCA is a rapidly evolving platform with new analytics and insights being introduced based on real world appraiser needs. “We are thrilled to integrate with ACI to deliver MCA via one of most ubiquitous appraisal platforms,” said Daniel Mancino, vice president of data solutions at PropMix. “MCA’s goal is to improve the accuracy, transparency and accountability of appraisals by augmenting the appraiser’s market insights. ACI customers can sign up here for an MCA account. Click Here to get Started with MCA/PropMix
About ACI
ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empower stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly 40 years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies. For more information, visit https://www.aciweb.com.
About PropMix
PropMix.io LLC, is a real estate data, insights, and solutions company with deep experience in commercializing Artificial Intelligence. PropMix’s platform and solutions are widely used by mortgage lenders, appraisers, realtors, and investors. Built on industry open standards, PropMix.io empowers users to engage with data, make decisions using insights and build the real estate technology of the future. PropMix was founded in 2016 and is headquartered in New York. http://www.propmix.io
by George Opelka | Jun 5, 2020 | ACI Bulletins
ACI Bulletin in Response to COVID-19
First and foremost, we hope this email finds you healthy and safe. ACI remains committed to providing a high level of service and support through evolving market conditions.
On Monday, both Fannie Mae and Freddie Mac announced they are working with FHFA to offer temporary measures during the COVID-19 pandemic that provides flexibility in the appraisal workflow, allowing for desktop and exterior-only inspection appraisals under the condition that a traditional appraisal cannot be obtained.
To address this flexibility, ACI has created a new rule set within the Sky Delivery platform called GSE2020 PAR, which will account for the flexibilities provided by the GSE’s running until May 20, 2020. Sky Delivery will continue to function in the same fashion as it does for your business today. The GSE2020 rules will only be triggered by the appropriate indicator in the map reference page; in all other scenarios we will default to your standard profile/set-up.
For additional information, please contact the ACI Help Desk with any questions.
Thank you for your partnership,
ACI Help Desk Support
by George Opelka | May 21, 2020 | ACI Bulletins
ACI OpenHouse™ and the AI Ready/AppraisalPort eService enhancements are now available in WebUpdate. These new updates provide efficiency and security improvements that impact the COVID-19 appraisal flexibilities recently extended through June 30.
The COVID-19 addenda in ACI One (GSE2020 and FHA2020 forms) have been enhanced to support AppraisalPort delivery. These add-in forms are the preferred method for AppraisalPort assignments that require the COVID-19 addenda, and replace the “copy/paste” routine previously used. If you need assistance adding the appropriate COVID-19 addenda to your appraisal report, click here for instructions.
ACI OpenHouse has been in the field for a month now and the feedback from appraisers is extremely valuable in developing an inspection solution that works for all stakeholders. The latest update includes user-friendly enhancements and security improvements that simplify remote data collection and auto-population of inspection data into the appraisal report.
With the recent industry focus on virtual inspections, it’s an ideal time to become familiar with OpenHouse. ACI is involved with a number of clients in the market deploying the solution for assignments that support social distancing and greater flexibility in the appraisal process. To learn more, click here for the ACI OpenHouse reference guide.
Be sure to follow ACI on Facebook, Twitter and LinkedIn to keep up with the latest updates and announcements.
Thank you!
by George Opelka | Apr 16, 2020 | Press Release
Palm Coast, Fla., April 15, 2020 — ACI®, a member of the First American (NYSE: FAF) family of companies, today announced the launch of OpenHouse, an innovative valuation technology that allows appraisers to remotely collect property information and integrate collected information directly into an appraisal report. ACI OpenHouse supports social distancing and recent temporary measures by permitting desktop and exterior-only inspection for greater flexibility in the appraisal process.
With ACI OpenHouse, appraisers facilitate an exchange with an inspection contact to collect property information directly from the ACI platform. OpenHouse allows the secure transfer of photos and responses from a series of questions, ensuring a comprehensive perspective of the current condition of the subject. Once complete, pertinent information is populated back into the ACI platform, allowing appraisers to make fewer assumptions and ultimately a more supported appraisal report.
“Appraisers today face a unique challenge of supporting the health and safety of all involved in a real estate transaction while acquiring relevant property data to create credible appraisals,” said Alan Hummel, chief appraiser at First American Staff Appraisals, LLC. “ACI OpenHouse allows appraisers to collect the detailed, contemporaneous property information they need through an efficient, automated process for a safe, seamless experience for both the appraiser and inspection contact.”
“We see this as an opportunity to improve the appraisal workflow above and beyond the current climate,” said George Opelka, general manager at ACI. “ACI OpenHouse provides an avenue to gain valuable insights into the properties being appraised earlier, reducing the time it takes to manage the inspection process.”
Current ACI customers can immediately access OpenHouse from the eServices menu by running a standard software update (WebUpdate). For more information, contact the ACI OneCall team at support@aciweb.com.
About ACI
ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empowers stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly forty years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies. For more information, visit www.aciweb.com.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and wealth management services. With total revenue of $5.8 billion in 2017, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2018, First American was named to the Fortune 100 Best Companies to Work For® list for the third consecutive year. More information about the company can be found at www.firstam.com.
Media Contact:
Marcus Ginnaty
Corporate Communications
First American Financial Corporation
(714) 250-3298
by George Opelka | Apr 15, 2020 | ACI Bulletins
We are excited to announce ACI OpenHouse, an innovative valuation technology that supports social distancing and recent temporary measures by permitting desktop and exterior-only appraisals for greater flexibility in the appraisal process.
ACI OpenHouse allows appraisers to:
- Prompt a survey to obtain key property information and subject photos from an inspection contact
- Receive survey completion notifications via email
- Import the resulting data and photos directly into ACI report
- Download a PDF copy of the information for the work file.
OpenHouse is available, at no charge, to all ACI customers with an active service agreement. To download the ACI OpenHouse plug-in, simply run the standard WebUpdate.
To learn more, click here for the ACI OpenHouse reference guide or contact the help desk at support@aciweb.com.
