The real estate, construction and mortgage services industries make up about 25% of the US economy. Each has a role in the building, sale and resale, and financing of nearly 8 million new and existing homes each year (excluding refinancing or secondary financing). Adobe Systems has collaborated with the Institute to develop a proof of concept. Appraisers are already using the PDF file format as the most common method of delivering electronic valuation reports, frequently referred to as appraisals. This collaborative effort shows how the appraisal piece of the eMortgage process can be integrated into an electronic mortgage transaction quickly and seamlessly.
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