EVO-Res’ Unprecedented Compliance Guarantee Program Covers Your Appraisal Operations

EVO-Res’ Unique Compliance Guarantee Program Covers Your Appraisal OperationsGlobal DMS’ EVO-Res™ appraisal management software not only provides your organization with an unmatched technology foundation that’s completely configurable down to the field level, it protects your business against the many regulations that govern the real estate appraisal industry – keeping your operations in full compliance at all times.

In fact, Global DMS® is so confident that EVO-Res will keep your appraisal operations in full compliance that we’ve launched a unprecedented Compliance Guarantee Program, which covers all fines in the event that a client is found out of compliance but is using the software’s Best Practice Configuration.

Global DMS’ new program allows institutions concerned with appraisal compliance to effectively remove appraisal risk from the equation, while ensuring they comply with Dodd-Frank’s Section 1471, the Equal Credit Opportunity Act’s (ECOA) Regulation B, the Truth In Lending Act’s (TILA) Regulation Z, the Uniform Standards of Professional Appraisal Practice (USPAP), and both the GSEs and FHA’s seller guides.

As mentioned above, all EVO-Res users are eligible for this program provided they are following the system’s Best Practice Configuration, which promotes appraisal compliance through automation by eliminating manual touch-points that lead to human error and oversight. With EVO-Res, this automation is 100% configurable – allowing lenders and AMCs to customize and run their specific workflows as needed in real-time.

“The appraisal industry is always in flux, and it’s imperative for all participants to quickly adapt to the drastic changes introduced by federal regulation, state legislation, public policy, and lending guidelines,” said Global DMS COO, Jody Collup. “The key to being compliant and efficient is having an all-encompassing platform that supports dynamic change, as well as an intuitive interface that doesn’t require expensive, time-consuming custom development work.”

For more information on EVO-Res’ Compliance Guarantee Program, contact Global DMS at evoinfo@globaldms.com or 877-866-2747 (option 2).

How compliant are your appraisal operations? Find out by downloading our Ultimate Compliance Checklist.

 

Topics: Lenders, appraisal technology, Vendor Management, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Regulations, Appraisal Process Management, Credit Union, EVO