by OneCall | Jul 14, 2021 | ACI Bulletins
The way appraisers do their jobs is rapidly changing. Like many other professionals, appraisers were forced to make changes during the coronavirus pandemic to operate safely and efficiently. What will the future of appraising look like? Which of the new tools and methods necessitated by the pandemic are here to stay?
ACI head of product, Jeremy Staudenmaier, and other industry experts share insights on the future of appraising and more. Download a free copy of the Appraisal Technology special report here to read more.
by OneCall | Jun 30, 2020 | ACI Bulletins
ACI is now integrated with Market Conditions Advisor (MCA), an innovative appraisal research platform from PropMix. This integration gives appraisers the ability to search, review, and import listing and public record data directly into ACI appraisal reports. Additionally, appraisers can import photos, local market trends, and comparable sales including UAD translation. This collaborative solution provides efficiency gains in creating appraisal reports and tools to support recent appraisal flexibilities that allow for remote inspections in connection with desktop and exterior-only appraisal assignments.
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PropMix Features:
- 90+% MLS coverage
- MLS images for subject and comparable properties.
- Eliminates the manual export/import routine from MLS.
- Eliminates excessive manual data entry.
- UAD translation support
- Local market analytics/trends at the zip code level
MCA is available to ACI customers for a limited time at the discounted rate of $99 for 100 appraisal reports. Click here to register with MCA. You will need your current MLS login information when setting up your account. An ACI representative will follow up with you to complete the process.
ACI Report – PropMix Reference Guide
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 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.
by George Opelka | Apr 10, 2020 | ACI Bulletins
The instructions and FAQ’s below have been provided by Fannie Mae and Freddie Mac to reinforce proper use of the appraisal forms and the Map Reference field label – exterior or desktop. Please review this information at your earliest convenience.
ACTION ALERT!! – Map Reference Field
When completing appraisal reports under the Fannie Mae and Freddie Mac COVID-19 temporary appraisal flexibilities, some appraisers are using the Map Reference field incorrectly.
Instructions From Fannie Mae and Freddie Mac
Map Reference field for COVID-19 temporary desktop and exterior-only appraisal flexibilities:
The Map Reference field on the Appraisal Report may only contain the word “desktop” or “exterior”. The Map Reference field should reflect the appraisal type agreed to with the acceptance of the assignment and the minimum scope of work required for the assignment.
The appraiser is responsible for determining what is the adequate scope of work for any assignment and may choose to expand the scope of work beyond the minimum requirements. The appraiser must include either “desktop” or “exterior” in the Map Reference field any time a traditional appraisal form is used to complete a desktop or exterior appraisal using the COVID-19 temporary flexibilities. No other words, characters, or phrases may be used or included.
- The 2055, 1075/466, and 2095 forms can only contain the word “exterior” in the Map Reference field.
- The 1004/70, 1073/465, and 2090 forms can only contain the word “desktop” in the Map Reference field.
- The 1025/72 and 1004C/70B forms can contain either “exterior” or “desktop” depending on the scope of work.
- Form 1004/70 with the indication “exterior” is NOT an acceptable option for an appraisal report for a loan delivered to Fannie Mae or Freddie Mac.
FAQs Related to Map Reference Field:If a desktop appraisal is ordered and accepted by the appraiser, may the appraiser expand the scope of work to include an exterior inspection of the subject property or comparable sales? In this situation, what identifier would the appraisal include in the Map Reference field?
Yes. The appraiser is responsible for determining what is an adequate scope of work for any assignment and may choose to expand the scope beyond the minimum requirements. In this instance, the appraiser would enter “desktop” as this reflects the appraisal type agreed to with the acceptance of the assignment and the minimum scope of work required for the assignment.
Using the COVID-19 appraisal flexibilities for a desktop appraisal report, what information must the appraiser include in the Map Reference field?
For a desktop appraisal report, the Map Reference field must ONLY contain “desktop”. No other entries may be included in this field. It is the Seller’s responsibility to ensure the appraisal is accurately reported.
Using the COVID-19 appraisal flexibilities for an exterior-only appraisal report, what information must the appraiser include in the Map Reference field?
For an exterior-only appraisal report, the Map Reference field must ONLY contain “exterior”. No other entries may be included in this field. It is the Seller’s responsibility to ensure the appraisal is accurately reported.
Fannie Mae resources for Appraisers:
Freddie Mac resources for Appraisers:
