January 26, 2015 - 12:25pm
#1
Our compliance staff currently order appraisals, receive them, send them to a third party for review, receive the review, review it, then provide the appraisal to the mortgage department and update the mortgage department system and other related spreadsheets that is has been completed. This process seems time consuming as it seems like our compliance staff is receiving and pushing the information multiple times. I'm wondering if anyone has outsourced this process and if so, your opinion of the process, if the cost of this process increased or decreased and any third party companies you use and if you would recommend them. Thanks for any information you can provide.
