Mortgage company to use FNIS appraisal software

Real Estate Weekly, Nov 6, 2002

ABN AMRO Mortgage Group, Inc., (AAMG), one of the nation's leading mortgage originators, announced it will use a new appraisal alternative product developed by Fidelity National Information Solutions to replace traditional full appraisals for many of the company's first mortgage loan originations.

AAMG and FNIS announced they have signed a contract under which. AAMG will use FNIS' Collateral Valuation Insurance(TM) (CVI(TM)) to streamline the collateral evaluation process in its first mortgage operations.

In addition to the automated ordering and receipt of the CVI, AAMG is also realizing significant improvements in turn around time and quality of its collateral evaluations.

AAMG's adoption of CVI supports the company's OneFee(TM) settlement approach and company wide initiative to streamline the mortgage origination process. "FNIS CVI fits well with our rollout strategy for our 'OneFee(TM)' initiative", said William Newman, executive vice president and CAO of AAMG.