Partnership offers FHA and HVCC compliance through FirstClose mortgage technology

Troy, MI, March 1, 2010 - Dart Appraisal, the Troy, Mich.-based provider of nationwide residential real estate valuations, today announced their integration to FirstClose, a service of First Lender's Data Inc.(FLDI). Based in Austin, Texas, FLDI provides cutting-edge technology solutions to mortgage lenders nationwide.

'Our alliance with Dart Appraisal strengthens our commitment to provide our mortgage lending customers with a one-stop solution for all of their mortgage fulfillment needs,' said Tedd Smith, CEO of FLDI. 'Dart Appraisal was selected under our 'Best of Breed' business philosophy which is to provide lenders with the most efficient and cost effective solutions for all aspects of mortgage settlement services.'

The partnership between Dart Appraisal and FLDI combines cutting-edge integration technology with the ease and convenience of the FirstClose platform. Users can quickly place appraisal order requests or access appraisal reports anytime, increasing productivity and significantly reducing processing delays.

'FLDI's integration with Dart Appraisal was easily implemented at the technology level,' said Corey Smith, Director of Business Development for FLDI. 'Our customers now have the ability to receive updated status information on each order which allows for increased communication and efficiency of appraisal orders through our system.'

The integration also offers a seamless solution to appraisal compliance under both the newly implemented Federal Housing Administration (FHA) regulations, which went into effect Feb. 15, 2010, and the existing Home Valuation Code of Conduct (HVCC). The new FHA policies seek to create more independence for residential real estate appraisers, allowing them to provide fair and accurate appraisals free from pressure.

'We are pleased to expand our five-year partnership with FLDI to offer their users a seamless solution to FHA and HVCC-compliant residential real estate appraisals,' said Darton Case,  chief executive officer of Dart Appraisal. 'Dart Appraisal combines leading technology with stringent quality control measures for a comprehensive appraisal.

'We are confident in this undertaking because we recognize both companies are committed to superior customer support and to customizing their client's service needs and requirements,' Case added. 'Together we offer nationwide coverage and competitive pricing on the full appraisal product.'

As part of the DartLink(TM) appraisal integration connections program, Dart Appraisal also implemented numerous custom integrations in the past year, including FNC/Appraisal Port, RealEC Technologies, PLATINUMdata Solutions, SharperLending, encompass/Ellie Mae and Mortgage Builder.