Welcome to the new era of Collateral Assurance Services embracing AI, MISMO, Digital Data Exchange, eMortgage and mixed roles (e.g. Data Collector) in Appraisals and Collateral Valuation. We have been hardening AIMS processes to reinforce the core structures to support all of the transformations ahead.
It is an exciting time! AIMS is already reaching into the new era by ushering in the UAD 3.6 Modernized Appraisal limited production period. We are collaborating with the GSEs and an early Limited Production lender to take full advantage of the Limited Production period. As soon as the Appraisers are technically equipped to produce the appraisal, Lenders using AIMS will be able to ramp up UAD 3.6 appraisal assignments at their own pace, while also maintaining their non-UAD 3.6 appraisals within the same pipeline.
In a readiness position, we’ve also integrated ShieldHub’s monitored background checks into AIMS, so appraisers and Data Collectors can link their AIMS profiles to their ShieldHub account to share their background check, and ShieldScore with their clients and prospects. The ShieldScore provides a quantitative element used by lenders to trigger the lenders policies, potentially leading to individual assessments when a ShieldScore change occurs.
Our Microsoft Partner status give our team deep access to Microsoft’s AI Foundry and Technical resources to assure data security wile opening the door to lenders interested in gaining institutional intelligence through AI assisted processes.
The future will look radically different in two years. Let's shape it today through collaboration and metered steps to realize that transformed future.
AIMSdashboard provides cross-community tools for lenders to ensure Appraisal Independence regulations and requirements are met without compromising appraisal quality. AIMS enables lenders to create an operational workflow network with Loan Officers, Third-Party Originating (TPO) partners, and Appraisers. Proactive appraisal independence audit documentation actively demonstrates conformity to evolving Appraisal Independence Standards (including TILA, AIR-FNMA, AIR-FHLMC, NCUA, FDIC, FHA, FFIEC, and USPAP).
AIMS is a complete Web-based appraisal independence workflow software system. Software-based, Lender configured selection settings include approvals, exclusions, competencies, and characteristics of the assignment. Lender and appraiser pipeline tools help to triage inflight assignments and to instantly access the appraisal files upon delivery. Organization specific user types and business unit associations foster delegated access.
AIMS returns business controls to the lender. Appraisal Independence conforming to UAD 3.6, TILA, AIR-FNMA, AIR-FHLMC, FFIEC, USPAP, FDIC, NCUA and FHA, and evolving collateral assurance services independence standards. AIMS Independence Certificate “tells the story” of the appraisal request cycle highlighting chain of custody and context. As Data Collectors and PDRs enter the workflow, AIMS will continue to promote competency first business controls to help deepen the business relationships of collateral assurance services professionals and lenders.
AIMS is an Appraisal Operations SaaS Platform lenders use to administer competency driven direct appraiser engagement for residential collateral valuations fulfilling contemporary requirements like UAD 3.6 and monitored background checks while evolving into an AI enabled multivendor type operations administration platform.
AIMS supports non-UAD 3.6 workflows and is designed to embrace the massive transformations occurring in the industry.
