FCT Integration With Canadian Residential Appraisal Library ReportPro™ From ACI Helps Reduce Appraisal Turn Times

Rhea-AI Summary

FCT announces an integration with Canadian Residential Appraisal Library (CRAL) ReportPro™ from ACI to enhance real estate technology services.

This collaboration allows appraisers to efficiently populate appraisal forms, significantly reducing turnaround times. FCT aims to improve customer experience through this integration, which combines its technology with ACI's innovative solutions. FCT supports over 450 lenders and 43,000 legal professionals across Canada, affirming its status as a leader in real estate services. The company was recognized as one of Canada’s Top 50 Best Workplaces for eight consecutive years.

Positive

• Integration with ACI enhances appraisal process efficiency.
• Reduces turnaround times for appraisals by over 50%.
• Supports FCT's commitment to customer service and innovation.
• Strengthens FCT's position in the Canadian real estate market.

Negative

• None.

This integration marks the latest step forward in FCT’s mission to fuel growth and innovation across the real estate industry

OAKVILLE, Ontario--(BUSINESS WIRE)-- FCT, the leading national service provider in real estate technology and title insurance, announced today an integration with Canadian Residential Appraisal Library (CRAL) ReportPro™ from ACI, a leading innovator in collateral valuation technologies.

This integration allows appraisers to directly populate appraisal forms with residential property information, capturing key data points in one click and reducing turnaround times by more than half in many instances.

“Our integration with ACI aligns with our commitment to provide our customers with intuitive, data-driven products and deliver the highest quality of service,” said Daniela DeTommaso, president of FCT. “By combining FCT’s industry leading technology with ACI’s robust data and innovative workflow solutions, we are one step closer to creating a seamless experience across the real estate lifecycle.”

“We are excited to partner with FCT in advancing the Canadian appraisal market through collaborative innovation,” said Jeremy Staudenmaier, managing senior director at ACI. “This initiative is a major step forward in modernizing the appraisal process, while maintaining the high standard of quality their customers have come to expect.”

About FCT

Based in Oakville, Ontario, FCT has over 1,000 employees across the country. FCT provides industry-leading title insurance, default solutions and other real estate-related products and services to approximately 450 lenders, 43,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide.

The Great Place to Work® Institute has named FCT one of Canada’s Top 50 Best Workplaces for eight consecutive years (2015-2022) and certified FCT as a Great Place to Work. The company was also recognized for the third consecutive year (2020-2022) on the list of Best Workplaces™ for Women. Earlier this year, FCT’s parent company, First American Financial Corporation, was named was named one of the 100 Best Companies to Work For by Great Place to Work® and Fortune magazine for the seventh consecutive year.

For more information on FCT, please visit the company website at www.fct.ca.

About ACI

ACI specializes in creating innovative workflow solutions for real estate appraisers, appraisal management companies and financial institutions. Backed by analysis-driven tools and industry expertise, ACI’s cloud-based and enterprise software applications empower stakeholders with a streamlined approach to managing forms, rules and data, while operating with audit-ready transparency and compliance. Through visionary leadership and dedication to client service, ACI has served as a reliable and driving force in the valuation industry for nearly 40 years. Headquartered in Palm Coast, Florida, ACI is a member of the First American (NYSE: FAF) family of companies.

For more information, visit www.aciweb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220823005132/en/

Jacquie Alford

Communications Manager

905.483.4568

jaalford@fct.ca

Source: FCT

FAQ

What is the significance of FCT's integration with ACI?

The integration aims to enhance the efficiency of the appraisal process, allowing appraisers to populate appraisal forms faster.

How much does FCT's integration with ACI reduce appraisal turnaround times?

The integration reduces turnaround times by more than half in many cases.

What is FCT's role in the real estate market?

FCT provides title insurance and other real estate services to lenders, legal professionals, and recovery professionals across Canada.

How long has FCT been recognized as a top workplace?

FCT has been named one of Canada’s Top 50 Best Workplaces for eight consecutive years.

Which company is FCT partnering with for the appraisal library integration?

FCT is partnering with Canadian Residential Appraisal Library (CRAL) ReportPro™ from ACI.