Quality Valuation Services Partners with Closing Corp's SmartGFE Service

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Loan originators gain instant access to fees for professional appraisers through a new data service that enables them to create reliable Good Faith Fstimates quickly and efficiently.

We welcome QVS to our family of closing service providers. Now lenders seeking to comply with HUD’s Good Faith Estimate requirements can easily find and price quality appraisers who meet QVS’s high performance standards

Under a new partnership between ClosingCorp and Quality Valuation Services, lenders and mortgage brokers using ClosingCorp’s new SmartGFE® Service will now have instant access to fees and pricing from more than 6,500 certified appraisers. QVS provides appraisals in nine residential categories ranging from individual condominiums to residential income properties. This partnership makes a significant addition to the SmartGFE’s large database of residential appraisers nationwide, giving loan originators a range of professionals to choose from when preparing Good Faith Estimates.

Lenders can select QVS appraisers with local geographical competency with a few clicks at the newly launched, SmartGFE.com Web site. The data is also seamlessly integrated with Calyx®Point® 7.2, the nation’s leading loan origination system platform. QVS pricing will be backed by the SmartGFE Compliance Guarantee, which launches May 1 and assures lenders that fees they select using the SmartGFE Service will not result in a Good Faith Estimate tolerance violation.

Quality Valuation Services consists of seasoned real estate valuation industry executives, appraisal technology experts, review appraisal managers, underwriters and a nationwide panel of over 6,500 geographically specialized appraisers. QVS uses automated processes and six sigma management methodologies to ensure high service levels and quality products. QVS manually reviews 100 percent of the appraisal reports prior to delivery. The QVS appraiser panel consists of experienced certified appraisers including highly-specialized appraisers in review and high-end valuations.

The SmartGFE Service provides real-time fees from local, regional and national vendors in nine categories such as title insurance, settlement services, closing attorneys, home inspections, pest inspections, and more, as well as local taxes and recording fees calculated specifically for each transaction to help create Good Faith Estimates that meet HUD’s new mandated tolerance limits.

“We feel that by joining SmartGFE, clients can easily see how QVS’s broad reach and competitive pricing differentiate us from others in the marketplace,” said Tom Huffman, Quality Valuation Services’ President and Chief Information Officer.

“We welcome QVS to our family of closing service providers. Now lenders seeking to comply with HUD’s Good Faith Estimate requirements can easily find and price quality appraisers who meet QVS’s high performance standards,” said Tim Armbruster, ClosingCorp’s Chief Technology Officer.

About ClosingCorp
ClosingCorp, an independent real estate information services company based in La Jolla, CA, owns and operates the SmartGFE® Service, the SmartClosing(SM)Calculator, winner of the 2009 Inman Award for Most Innovative Technology, and Closing.com,™ a site that helps consumers and real estate agents find and compare services, make inquiries and learn more about the real estate closing process.

About Quality Valuation Services
Quality Valuation Services (QVS), a nationwide appraisal management company, is committed to professionalizing the real estate valuation industry in the spirit of quality, integrity, and transparency. QVS consists of seasoned real estate industry executives, skilled processors and a nationwide panel of 6,500 geographically specialized valuation professionals including a highly-vetted Blue Ribbon PanelTM of appraisers with more than 10 years experience. More information is available at http://www.qualvs.com.

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Kristin Ewald
ClosingCorp
858-551-1500 ext. 212
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