Those involved in the valuation management process know firsthand how difficult and time-consuming it can be to keep track of the statuses of all their appraisal orders. In addition to this task, many are also in charge of keeping track of their vendors’ licensing and E&O statuses at the very same time – which only adds to the stress level.
Fortunately, there is an answer to this constant dilemma that many throughout the industry face on a daily basis – automated report generation.
A tool like eTrac® Report Builder can automatically run and deliver various reports that will always keep you on top of the current statuses of both your appraisal orders and vendors. These reports can be run daily, weekly, monthly, or bi-monthly depending on your needs.
Once configured, Order Status reports will automatically report upon all your appraisal orders that fall within any specific status that you wish to see – open, accepted, rejected, closed, etc. These reports can be customized on the backend to fit your specific process, and can be automatically delivered to either internal management or the necessary employees.
In regards to vendor management (licensing and/or E&O status), eTrac Report Builder has the ability to handle this process for you – with no manual intervention. Not only will it provide an automated report that shows you the current statuses of all your vendors, it will also send automatic email reminders to these vendors whenever they are nearing the deadline to update their license or E&O insurance.
For more information, or to see a live demo of this unique automation in action, contact us today.