Global DMS is pleased to announce that eTrac® and Encompass360® are now seamlessly integrated. Without ever having to leave Encompass360, lenders will now have direct access to Global DMS’ eTrac Platform.
The state-of-the-art eTrac platform is designed to handle all of user’s appraisal and valuation needs, including automated valuations, ordering full appraisals, automated appraisal reviews, and delivery to the UCDP. Ellie Mae’s end-to-end Encompass360 platform is designed to automate the entire mortgage process for lenders, delivering improved efficiency, loan quality, and compliance.
The newly developed and seamless interface establishes system-to-system transaction processing between the two platforms that dramatically speeds up the ordering and appraisal management process for lenders. It does this by eliminating duplicate data entry, providing real-time appraisal process status updates, and providing a robust communication functionality between lenders and their valuation vendors.
The integration’s 3-point interface creates added efficiencies to an Encompass360 user’s workflow, and is very easy to operate:
1) Orders are sent to eTrac from Encompass360
2) Status updates are sent to Encompass360 from eTrac
3) Files are pulled from eTrac on request by Encompass360
“As the mortgage industry continues to face ongoing changes to valuation rules as well as the introduction of new rules, it’s imperative that lenders stay apace of regulatory changes to avoid running the risk of making errors or being out of compliance,” said Vladimir Bien-Aime, President and CEO of Global DMS. “Our new integration with Ellie Mae’s Encompass360 prevents users from having to leave the solution, which enables the seamless exchange of sensitive valuation data, speeds up the appraisal process, facilitates better communication, and establishes much needed transparency.”