BankWise Technology is pleased to announce a new addition to our flagship platform, Happy Banker—the Appraisal Track module. This module is designed to streamline the appraisal ordering process for community banks’ loan originators and underwriters, ensuring compliance with double-blind regulations to maintain the integrity and independence of appraisals.
Key Features of the Appraisal Track Module:
- In-house Appraisal Company Management: Community banks can now manage their own list of approved appraisal companies directly within Happy Banker. This feature simplifies the management of appraisal services and provides significant cost-saving benefits.
- Seamless Communication: The module facilitates direct and efficient communication channels between loan officers, underwriters, and appraisal companies. By supporting double-blind compliance, it ensures that the appraisal process is fair and unbiased, adhering to strict regulatory standards.
- Enhanced Compliance: Designed to comply with the latest regulations, the Appraisal Track module helps banks meet their compliance obligations effortlessly. It maintains strict adherence to guidelines that require the independence of the appraisal process.
- Audit Logs: Comprehensive logging functions within the module provide a clear and detailed audit trail. Every action is recorded, supporting thorough compliance reviews and process verifications.
Transforming Appraisal Management for Community Banks
The Appraisal Track module integrates seamlessly into the existing workflows of community banks. By centralizing and simplifying the appraisal management process and ensuring double-blind compliance, the module significantly reduces the administrative burden on bank staff. This allows teams to focus more on providing exceptional customer service and other core banking activities.
Why Appraisal Track?
At BankWise Technology, we are dedicated to providing solutions that not only meet the current needs of our clients but also anticipate future challenges in the banking sector. The Appraisal Track module is a testament to this commitment, offering a streamlined approach to traditional appraisal management challenges. It ensures that all appraisal ordering processes are transparent, fair, and compliant with industry standards.
Get Started with Appraisal Track
The new Appraisal Track module is available now to all current and new customers. Banks looking to enhance their appraisal management processes are encouraged to contact BankWise Technology via our website at www.bankwisetech.com for a demonstration and more information on how this module can transform their operations.
About BankWise Technology:
BankWise Technology is a premier provider of technology solutions to financial institutions. Originating from an internal development team at a bank in Upstate NY, BankWise is now leveraging its experience to provide tailored technology solutions for automations, data warehousing, and system integrations. BankWise solutions are used in a variety of areas like operations, compliance, retail and commercial banking, lending, digital banking, wealth management, and insurance. BankWise Technology is headquartered in Saratoga Springs, NY. To learn more, please visit bankwisetech.com or follow on LinkedIn or X.