It’s no secret that the mortgage industry is becoming a digital powerhouse, where technology has helped reduce turn-times at all points of the origination cycle. However, many that work with valuations still find themselves using antiquated technologies or dated tactics that do nothing but slow down an already lengthy process.
For example, Global DMS® has found that many industry participants still relay on offline documents (such as Excel or Word) for their appraisal order and review forms. Not only is this counter-productive by promoting a completely manual process that requires duplicate data entry, it leads to greater risk and staff confusion, as nothing within these offline forms is trackable.
EVO-Res™, Global DMS’ next-generation appraisal management technology, resolves these pain-points by providing digital order and review forms that are completely configurable via their templated format. With a couple clicks of the mouse, users can instantly add, remove, or create new fields as needed – no development work required.
These digital forms can then be saved for future use, eliminating the need to recreate the same documents for every order and providing the flexibility lenders and AMCs need for any given assignment.
Additional benefits include:
- Automated form selection.
- Pre-populated forms via intelligent merge fields.
- Digital signatures.
- Automated delivery to the appropriate individuals.
- Complete trackability.
- Robust reporting that’s able to capture every field within your forms.
In addition, this digital process always provides your staff with the most recent version of the appraisal form being used, allowing you to manage crucial interactions cohesively and compliantly without losing track of critical information.
Ready to go digital? Contact Global DMS today at email@example.com.