GlobalDMS is proud to announce that our industry leading valuation management software known as eTrac Enterprise has officially been integrated with MortgageFlex’s loan origination system (LOS). This newly established integration is bi-directional and completely streamlines data exchange, which facilitates an ease of communication between the two systems.
Lenders using MortgageFlex’s LOS are now able to access GlobalDMS’ eTrac System directly from within their LOS’ interface, which allows them to efficiently and cost-effectively handle all their valuation needs. They can order full appraisals, track their orders’ statuses in real-time, automate valuations, automate appraisal reviews, and seamlessly deliver the finished product to either the Uniform Collateral Data Portal (UCDP) or institutional investors.
This state-of-the-art integration establishes a system-to-system transaction process that dramatically speeds up both the ordering and appraisal management processes for lenders by removing the previous necessity of duplicate data entry. As a result, lenders will be able to establish better communications with their valuation vendors.
This integration will also provide lenders using MortgageFlex’s LOS with these great benefits:
- Access to hundreds of Appraisal Management Companies (AMCs) available in the eTrac System
- Gives them total control over which vendors they work with (Both AMCs and appraisers)
- Eliminates manual data entry and potential re-keying errors
- Provides instant access to major automated valuation products
- Provides multiple methods of automated assignment, including blind rotations, overall performance, cost, or quality
- Provides real-time status notifications directly from appraisers in the field
- Provides automated submission to the UCDP
- Allows for the instantaneous delivery of appraisal reports and Submission Summary Reports (SSRs) back into the LOS
- Provides a complete and detailed audit tracking functionality
- Allows for dynamic and robust reporting capabilities
Thanks to this newly established integration, the entire appraisal ordering and management processes for MortgageFlex’s LOS users have become more seamless, efficient, and cost-effective, while remaining fully compliant with all state and federal regulations.