Mortgage and financial technology provider SharperLending® announced today the release of the next generation of its Verisite mobile property inspection tools that lenders use to gather property data for collateral valuation on loans and sub-loan products that do not require full appraisals. The new version of the mobile property data gathering app provides lenders with a more precise order assignment feature that includes the creation and management of panels of data gatherers, in-app distance mapping for room dimensions, and more report data.
The result is an enhanced Verisite photo report deliverable with more decisionable data that lenders can use to make accurate financial decisions on equity loans, disaster relief inspections, new construction progress evaluations, portfolio reviews, and more. Typical Verisite photo report deliverables return to the lender hours after placing the order.
Verisite is a mobile property inspection tool that provides a faster process for lenders to get interior and exterior property photos and descriptions on loans and sub-loan products that don’t require a traditional appraisal form. The company launched the first version of its Verisite mobile app and Verisite photo report deliverable in 2018.
Verisite is available from within the Appraisal Firewall® real estate appraisal platform, as well as through various loan origination software systems. Appraisal Firewall is residential and commercial real estate appraisal software for lenders to manage their own appraisal process.
“We are excited to announce our latest mobile property data gathering innovations to help lenders get more out of their valuation technology investment,” said David Chiappe, President of SharperLending LLC, the company behind the Verisite and Appraisal Firewall technologies. “These enhancements help make way for additional valuation and property products that are poised to come with future industry changes and appraisal modernization initiatives.”
SharperLending will present its Appraisal Firewall and Verisite products at various mortgage and financial industry conferences this spring. Interested parties can visit the web site for an event schedule and register for meetings.
About SharperLending LLC
Headquartered in Spokane, Wash., SharperLending LLC was founded in 1989 and released the Appraisal Firewall real estate appraisal software in 2006. SharperLending provides financial technology solutions that increase efficiency, mitigate risk, and offer affordability. The company’s proven technology has processed more than two billion secure mortgage transactions. The company has three divisions under its corporate umbrella: SharperLending Mortgage Services & Appraisal Firewall Division, the mortgage services, Appraisal Firewall platform and Verisite mobile property inspection tools; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. Learn more about Appraisal Firewall at www.AppraisalFirewall.com. Learn more about Verisite here, or call (800)452-1174.
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