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Comergence provides appraiser due diligence and screening for OrderProUSA
Risk management firm’s REALM for Appraisers streamlines appraiser approval process for nationwide AMC
MISSION VIEJO, CA (September 11, 2014) — Comergence, a provider of third-party risk-management platforms for the mortgage industry, announces that it is now providing appraiser due diligence and screening services for OrderProUSA, an appraisal management company (AMC) based in Kansas City, Missouri. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring.
Comergence will provide its proprietary REALM for Appraisers services to the appraisers who work for OrderProUSA. Appraisers pay a low annual fee to set up a single online profile that can be shared electronically with any AMCs and lenders they choose, saving them the time and expense of having to submit themselves for verification every time they want to work with a new or existing partner. Status changes are immediately provided to AMCs and lenders, delivering ongoing insight and the ability to effectively manage their relationships and help ensure compliance.
REALM for Appraisers provides AMCs with online tools to efficiently and cost-effectively meet all regulatory requirements.
“We’re very happy to add OrderProUSA to our list of clients,” said Greg Schroeder, president of Comergence. “As a nationwide appraisal management company, compliance is clearly important to OrderProUSA. By using our services they can be confident that the appraisers they work with are verified professionals.”
“REALM for Appraisers streamlines our appraiser approval process, and at the same time helps our lender clients remain compliant with all the rules and regulations governing appraisers,” said Anthony Nguyen, director of operations for OrderProUSA. “Appraisers need only set up and maintain a single profile, which reduces costs for both OrderProUSA and the appraisers who work with us. We especially like the continuous monitoring feature, which makes appraiser compliance and due diligence a much easier undertaking.”
About Comergence
Comergence is a risk management firm specializing in mortgage originator and appraiser due diligence and profile surveillance. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring. The company has compiled a comprehensive database of 400,000+ records on every licensed mortgage originator plus 100,000+ licensed appraisers in the U.S., along with aggregated and appended industry-specific data that provides clients with crucial information for proper third party risk management. For more information about Comergence Compliance Monitoring, visit www.ComergenceCompliance.com or call (714) 489-8860. The company can also be followed on Twitter at @comergence.