Introducing MARS. The industry’s first plug & play, web-based, automated appraisal review system. With MARS, lenders can extract data from PDF appraisal reports, review the data, then reassemble that data into XML MISMO format to deliver Fannnie Mae—all automatically, in just a few minutes.
Starting July 1st, 2010, Fannie Mae will be requiring appraisals for all submitted loans to be delivered in XML format (learn more). PDF files will no longer be accepted. |
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But why wait until the last minute to start complying, when MARS can convert your PDF files to XML format, plus improve the overall quality of your collateral reviews and help you comply with HVCC’s 10% review requirement—all faster and more economically than you think.
MARS can convert virtually any PDF appraisal report file, even password protected files, achieving a 100% extraction ratio. The system is fully configurable and can be incorporated into any existing infrastructure with no installations, no expensive servers and no additional hardware.
With MARS, customization is easy. Users can manage all rules in the MARS product via a web-based interface, and administrators can configure rules by lender, even applying severity and weight to certain rules, so that the system evaluates according to the lender’s exact parameters.
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