DartAppraisal.com Offers Complete Broker Solution for FHA Appraisal Compliance

Enhancements to DartExpress technology ensure mortgage brokers adhere to 2010
FHA appraiser independence requirements

TROY, Mich., Nov. 4 /PRNewswire/ -- DartAppraisal.com, a leading independent
provider of residential real estate valuations, today announced an updated
version of its popular DartExpress system to ensure compliance with all
Federal Housing Administration mortgagee letters related to valuations. The
technology updates come in advance of the FHA policy changes which will take
effect January 1, 2010, allowing mortgage brokers, lenders and appraisers an
early advantage in compliance.

DartAppraisal.com originally developed DartExpress technology in May 2009 to
streamline the appraisal process for mortgage brokers while maintaining HVCC
compliance. The enhanced system now maintains compliance with all new FHA
appraisal policies for FHA-insured loans as well. DartExpress provides a quick
and easy online system to initiate an appraisal order, pay for and track the
progress of the order, and finally deliver a copy to the mortgage broker and
lender in full compliance with HVCC and all new and existing FHA mortgagee
letters .

"We have enhanced our DartExpress technology to now offer the fastest path to
FHA policy compliance for mortgage brokers, lenders and appraisers," said
Marko Berishaj, vice president of DartAppraisal.com and a certified mortgage
banker. "The Web-based system is a complete solution that ensures our
appraisals adhere to all FHA mortgagee letters related to valuations.
DartExpress continues to be extremely popular within the industry for HVCC
compliant services, and we are confident it will deliver high quality results
for users seeking FHA compliance."

DartExpress users simply register on the DartAppraisal.com secure Web site and
receive their own account password. The mortgage broker then picks from a
list of FHA-approved lenders that have "authorized" DartAppraisal.com to
process the appraisal order. Next the user pays online with a credit card,
providing immediate credit verification and processing of the order without
many of the common delays associated with consumer appraisal coordination.

Finally, mortgage brokers can track up to seven steps in the appraisal
pipeline via the DartAppraisal.com Web site to determine the status of each
order in the account. The viewable tracking process includes receipt,
acceptance, scheduling, appointment set, inspection, quality control and
possible addendums. Notations of any complications which may have arisen
within the process are also visible.

The new FHA policies, adopted from recent HVCC guidelines, seek to create more
independence for residential real estate appraisers, allowing them to provide
fair and accurate appraisals free from pressure. FHA issued five new mortgage
letters explaining the policy changes; the following three letters apply to
valuations:

Mortgagee Letter 09-28: Appraiser Independence

Mortgagee Letter 09-29: Appraisal Portability

Mortgagee Letter 09-30: Appraisal Validity Periods

DartAppraisal.com is a leading independent provider of nationwide residential
real estate valuations. The Troy, Michigan-based company provides appraisal
management services, automated valuation models (AVM's), and other custom
valuation solutions for more than 800 clients. DartAppraisal.com uses leading
edge proprietary and is committed to providing the highest quality and
efficiency.

SOURCE DartAppraisal.com

Marko Berishaj, vice president, DartAppraisal.com, +1-248-273-8642