With more and more Americans being vaccinated on a daily basis, many are beginning to head back to the office is some capacity or another, as this temporarily dormant sector of the real estate industry begins to make its comeback from the depths of COVID-19.
With this in mind, commercial real estate lenders should begin to look at ways to streamline their current processes via technology in order to take advantage of the uptick in available commercial properties. Nowhere is this more necessary than with appraisals, which are often complex and require sound due diligence throughout the actual valuation and the important processes that follow.
Unfortunately, those within this industry have been stuck with antiquated commercial appraisal technologies that have failed to adapt to the modern mortgage environment – and what is required of today’s lenders. Not only do these archaic systems lack important functionality, they also require third-party development work for the simplest of changes – leading to time-consuming workarounds and additional costs.
EVO-C™, Global DMS’ next-generation commercial appraisal management software, eliminates these common pain-points by allowing users to customize all aspects of the software in real-time, while promoting a fully digital process that centralizes all documentation and communications.
EVO-C streamlines the commercial appraisal bidding process by providing an easy way to send RFPs to multiple vendors and receive bids electronically and digitizes your appraisal review forms for an integrated, consistent, and reportable approach for both standard and technical reviews.
Additional benefits include:
- 100% configurable platform, including fields, forms, reports, and more.
- Customizable workflow automation that reduces appraisal turn-times by up to 30%.
- Intuitive, role-based dashboards that provide cleaner navigation with less clicks.
- Instantly drag and drop large appraisal file uploads with no browser time-outs.
- Reduces appraisal review times by up to 25%.
- 100% control of vendors, who are automatically cross-checked against ASC.gov.
Becoming more efficient starts with the right appraisal technology. Contact Global DMS® today at firstname.lastname@example.org to see how EVO-C is the difference-maker you’ve been looking for.