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Does Your Appraisal Reporting Software Provide these 4 Crucial Items?

Does Your Appraisal Reporting Software Provide these 4 Crucial Items?In today’s fast-paced market environment, it’s critical that lenders and AMCs take the necessary steps to ensure their real estate appraisal management process is both efficient and effective to help prevent any unwanted delays. However, achieving complete visibility over this intricate process is near impossible without the use of a robust and configurable reporting tool that’s built on automation.

In order to have the best-of-the-best, it’s important for lenders and AMCs to utilize an appraisal management technology that’s equipped with the following reporting capabilities:

  1. Complete configurability, with custom reporting that’s able to capture data from any field within the system.
  2. The ability to run real-time reports on your various appraisal processes and communications.
  3. The ability to understand your average appraisal turn-times.
  4. Automated management reports that can be delivered as needed to who you want, when you want.

This modern approach to reporting will provide lenders and AMCs with a competitive advantage by helping their staff easily track all aspects of their unique valuation process. Not only does this grant processors a more realistic idea of turn-times, it allows management to instantly capture valuable data that can help eliminate process bottlenecks. After all, you can’t correct what you can’t measure.

Global DMS’ EVO appraisal management platform provides this modern reporting – giving you instant visibility over your entire appraisal process. The platform’s unique report builder includes both built-in reports and the ability to create custom reports in minutes without the need of third-party developers – no tickets, no waiting, no hassle.

Through its powerful automation capabilities, EVO takes your reporting one step further by automatically running and delivering your saved reports as needed during any point in the valuation process. This on-demand approach is easy to configure and ensures the availability of critical information when it’s needed most.

If you’re tired of relying on ridged reporting tools that don’t capture your entire valuation process, contact Global DMS® today at evoinfo@globaldms.com to learn more about EVO and its award-winning functionality.

 

Topics: Lenders, appraisal technology, Vendor Management, collateral management, AMCs, Mortgage Companies, Compliance, Appraisal Process Management, Credit Union, EVO