What happens when the appraiser clicks “ok to send” from AppraisalPort?
AppraisalPort performs a few quick technical checks of the appraisal files the appraiser has just uploaded (scanning for viruses and checking the file type) then transmits the appraisals directly over a secure channel to the appropriate lender client, in strict accordance with the client’s instructions. The client then stores, manages, and processes those appraisals on its collateral management computer system as part of its loan origination and servicing processes.
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