Identity management makes sense...

Identity management makes sense to everyone wanting to know who did what.

So for business partners exchanging info electronically, or acting in a B2B workflow relationship, or accessing banking or other online accounts, identity is a critically important tool.

The wave of active oversight within the real estate finance industry is a great example of an audience with interests in identity management. When looking at a credit file, or loan work file, or looking at the appraiser’s work file, they will be looking at: 1) the content of the file (artifacts); and 2) the “actors” affecting the artifacts.

Respective of appraisal request cycles (ARCs), oversight participants will look at artifacts relating to certain interesting events: appraiser selection; appraiser engagement; appraisal acceptance; appraiser payment; and appraiser approval (just to name a few).

The regulations providing guidance about each of the events cite the individual acting during the event. In some cases, certain individuals are prohibited from particular actions. In other events, a class of individual “must” or “should” perform certain actions. Therefore it is critically important that the actors are who they say they are when acting in a regulated event.

AIMSdashboard has assessed the need for organizations to utilize various individuals during each appraisal request cycle (ARC). Therefore AIMS has embedded and maintained identity management since “day one” to help create tools and communication channels supporting an efficient Appraisal Operations platform for all contributors to use; while simultaneously allowing organizations to exercise business controls consistent with regulatory, QA/QC, operations and other policies for the institution.

For the lending institutions, AIMS provides highly rationalized access controls to grant or restrict users from certain functions (events) during an ARC. For the appraiser side of the platform, appraisers are able to leverage their firm’s staff to perform critical activities too (using the Appraiser Admin user type).

It is important that each AIMS user exercise and defend their unique identity credentials. The result of that action is credible documentation, and the lack of internet fraud exposure.

Identity credentials are confidential. Thanks for exercising your unique user credentials! You are supporting the ability to credibly engage directly in a critically important process within the real estate finance industry.