Utilizing an in-house appraisal panel has numerous benefits, but can be quite stressful to manage without the right system in place.
Everything from vendor management through final delivery must be overseen properly to not only ensure timely loan closings, but full compliance as well. With so many things to account for, it can be easy to accidentally miss something along the way – putting your lending institution at risk.
Fortunately, valuation management technology can alleviate this common pain-point for lenders, but choosing the right technology is paramount to your overall success. Many platforms only manage part of the appraisal process, and require lenders to implement additional systems to fill the gaps – leading to longer turn-times and more costs.
Global DMS’ eTrac® platform, however, efficiently streamlines the entire valuation management process, and keeps everything in full compliance with little to no resources.
- Automatic Appraiser Validation & Monitoring
- Easy Appraiser Set Up
- Integration with Your LOS
- Automated Appraisal Scoring
- Detailed Reporting
- Seamless UCDP or EAD Delivery
For more information, or to see a demo of eTrac in action, contact us today at 877-866-2747 (option 2) or firstname.lastname@example.org.