AUSTIN, Texas– First Lenders Data, Inc. (FLDI), a provider of bundled settlement service solutions to the mortgage lending industry, announced a strategic alliance with Dart Appraisal, a nationwide, independent provider of residential real estate valuation services, headquartered in Troy, Michigan.
According to the companies, the strategic alliance provides home equity lenders an expanded number of appraisal vendor options when they order the patent-pending FirstClose Report, an instantaneous data delivery solution that gives lending operations title search, flood certification, valuation and property information with $500,000 of A+ XIII rated lien protection insurance – virtually everything they need for decisioning – in just 30 seconds. It offers home equity lenders a proven way to significantly shorten closing times, drastically reduce costs and decrease risk which can help them stay competitive in the wake of the current refinance boom, the two companies said.
Dart Appraisal manages a nationwide panel of state licensed appraisers and is committed to providing the highest quality and efficiency of appraisal management in the industry. Dart’s appraisers typically live and work within eight miles from subject properties, which means they retain local competence while offering nationwide coverage, the company said.
“By creating an alliance with Dart Appraisal, we’re giving our customers the ability to choose from among an even greater number of valuation service providers and add intelligence to automatically order property condition reports, desktop valuations, and other supplemental services,” said Timothy R. Smith, Chief Revenue Officer of First Lenders Data, Inc. (FirstClose). "Our participating lenders can now use Dart Appraisal’s services to improve the way they do business and gain a competitive edge."