Global DMS has officially partnered with Collateral Analytics™—a leading provider of real estate analytics and valuation products—to provide even faster and more cost-effective ways to automate the property valuation and validation processes. Various components of each company’s software valuation solutions have been integrated with one-another to dramatically reduce the number of unnecessary appraisals ordered for applications that don’t result in a loan – netting huge time and cost savings.
“There are many factors that must be taken into account in order to determine accurate property valuations and reporting in today’s market,” states Vladimir Bien-Aime, President and CEO of Global DMS. “This new partnership extends to our customer base Collateral Analytics’ sophisticated data analysis capabilities that produces precise reports on valuations, market analytics, and risk scores.”
From directly within Global DMS’ eTrac® Enterprise platform, which compliantly handles the entire appraisal management process, users can now access Collateral Analytics’ products and services – including its automated valuation model (AVM) services, data analytics products, and risk management solutions.
New Collateral Analytics AVM Reports – Increase your accuracy by using value estimates, comparable sales and listing data, location maps, confidence score of the value estimate, as well as additional charts and detail on the surrounding markets' price and sales activity trends.
New Collateral Validation Data Analytics Products – Add confidence in your valuation by using intelligence from MLS data, industry-leading AVMs, the neighborhood level Home Price Index (HPI), analytics/predictive modeling, and foreclosure data.
New Collateral Analytics Collateral Review Product – Use the CA Risk Profiler™ to quickly identify potential issues regarding estimates of value and the supporting data provided that determines the estimate.
“Global DMS has done a tremendous job in building a platform to bring automation and compliance to the entire valuation management process for organizations operating in the appraisal business,” said Michael Sklarz, President and CEO of Collateral Analytics. “Our solutions complement one another well and make for a robust offering that can be seamlessly accessed by Global DMS customers. We are very pleased to have established such a strong partnership with Global DMS.”