MIRA ensures that your reviewers can focus on the things that matter, without wasting time on the things that don’t.
MIRA is the heart of HomeVision - a highly configurable, automated QC review tool that has already gone through every report in detail before your underwriters see it.
We know that every loan is different, and that’s why you can customize the set of checks MIRA runs based on the form, LTV, location, agency and anything else that matters to you.
Because MIRA automatically dispositions the majority of rules and shows just the handful that need input to your underwriters, they spend their time in the places where their expertise really matters.
SSR Support is embedded into every part of our QC process, so you don’t miss anything that matters to Fannie, Freddie or FHA. While MIRA is running QC, we’re also extracting every piece of information from your SSRs.
You can use that info to calibrate your review to the level of risk - if you have a CU or LCA score under 2.5, reduce the number of rules and send it to a junior reviewer. If we locate a finding indicating risk of overvaluation, send it straight to your senior team.
You can also bring those findings into our QC UI, so your underwriters handle them in a way that’s seamlessly integrated into your existing process.
Compare is our side-by-side PDF comparison tool built specifically for appraisals. Rather than just identify text changes, it puts things in the context that matters to you.
See at a glance if there are any changes to the comp grid, whether it’s a value being updated or a comp being swapped out for one more similar to the subject. Easily find small-but-important changes that the eye might miss, like an update to the numbers in the sketch. Know exactly which page types have been added or removed with our page classification.
Compare ensures that not only has the appraiser met your revisions requests, but also that they haven’t added anything else that shouldn’t be there or introduced additional risk.
Value Review and ROV help you raise the level of your review - go beyond simple QC and add a detailed check of comp selection, and the appraiser’s valuation to make sure it’s in line with the market. We integrate an industry-leading AVM to check not only the appraised value but also score the comps on similarity to the subject.
If one of them looks out of place, you can launch into a full review tool that lets you see the comps in the context of the neighborhood and decide if you want to let the appraiser know that you have concerns.
Whether you need to dig in during your first review or come back to an appraisal after a borrower requests reconsideration, our tools make sure that valuations are appropriate and well-supported.
We’re here to make you more efficient, and that means that our software has been thoughtfully designed to integrate with the software and workflows that already exist in your business.
From top Order Management Systems like Appraisal Scope to leading Loan Origination Systems like Encompass, our integrations are pre-built and ready to go. If you’re using something proprietary, we have an easy-to-implement API that makes it easy to send us appraisals and other documents, receive updates back, and update conditions once the review is complete.
Most QC solutions only analyze MISMO XML, which means in the cases where that’s not available, they simply don’t work, whether that’s VA loans, correspondent loans or files stored in Encompass.
HomeVision can handle all of those and more - we can take a standalone PDF and convert it to XML, so we can run our full QC suite just as if you had the original file. That extends beyond just GSE forms; whether you have PDRs, PDCs or other custom forms, we can map them and then process them just like any appraisal form.
HomeVision is flexible, configurable, and powerful. We use all of the information you have to deliver the right review for every appraisal, and we give you comprehensive data about your team’s performance that you can use to constantly improve.
We know that every client is different and every report is unique. That’s why we give you the tools to customize every part of our product.
Decide which checks get run on each report and which review team ends up seeing it based on the particular details of that report - anything from which client it’s for to the loan amount to the zip code of the subject property.
And because the market changes fast, we give you the power to update rules and workflows instantly - no need to put your request in a review or talk to us at all (though we’re always happy to help if you need us).
The only way to stay at the top of your clients’ scorecards is by constantly improving, and you can’t improve without real insight into what is happening in your business.
That’s why our reporting suite is both comprehensive and granular - we’ll give you not only the big-picture numbers you expect, but also the details that make a real difference.
Look at your reviewers’ performance and the outcomes of each individual rule, so you can find out who needs coaching and exactly where they can improve.
We process thousands of reports a month, and we have plenty of satisfied customers to show for it. Just ask New American Funding - after a fast and seamless rollout of HomeVision, their productivity has gone up substantially, while they have maintained their exacting standards of quality. If you'd like results like theirs, we'd love to chat.
