Federal Mortgage Society revives e-appraisal project
As of February 1, a new electronic appraisal schema comes into force. This was announced by the Federal Mortgage Society (SHF) on 19 December in a communiqué, stating that “Valuation Units must make all the necessary adjustments to ensure compatibility of their systems with the new technological schema.”
An e-appraisal is a technical report indicating the value of a property, taking different features such as location or the market into account. This is subsequently applied to resolve the granting of a mortgage. The new scheme published by the SHF comprises two different types of e-appraisal. On one hand, for dwellings, and on the other, for land. Both must be signed with certificates issued by Certification Service Providers (PSC) authorized by the Ministry of Economy. In addition, they must also be kept under Mexican Official Standard 151 .
EDICOM meets all these requirements to perfection: it is a PSC authorized by the Ministry of Economy and holds the NOM151 accreditation. To this end, we have developed a solution that includes the issuing of Recognized Certificates for Experts and Controllers at no additional cost.
How does EDICOM Appraisals work?
The EDICOM solution integrates all the signature and safekeeping services required in a single platform for the issuance of electronic property appraisals. First of all, the electronic signatures for experts and controllers are issued. The "Valuation Unit" emits the e-appraisal XML message normed by the SHF (Federal Mortgage Society). Once the standardized XML is constructed, the validation processes are triggered by the expert and controller, who can access the solution as users in order to sign the document. Finally, EDICOM certifies the file with the NOM -151 Proof Issuing Service.