EVO Simplifies Appraisal Reviews via Configurable Technology & Automation

EVO Simplifies Appraisal Reviews via Configurable Technology & AutomationIn today’s highly regulated mortgage environment, appraisal reviews have become quite complex – leading to greater turn-times and higher risk. In order to avoid unwanted delays, lenders and AMCs must rely on a robust review technology that not only mitigates an ever-growing list of rules, but also promotes the timely completion of appraisal reports through automation.

Global DMS’ MARS®, a standard component of EVO-Res™, ensures these key parameters are met by automating your appraisal reviews via status-driven triggers and custom rule-sets – helping to expedite a once grueling task.

MARS (MISMO Appraisal Review System) quickly analyzes an appraisal for completeness, consistency, and compliance with all GSE guidelines, USPAP, UAD, and industry best-practice – providing robust reviews in seconds that are easily managed from a simple dashboard.

  • 100% configurable set-up – no need for IT support.
  • Unlimited custom rule sets.
  • Instant red flag report with collateral score.
  • Supports MISMO XML and PDF formats.

In addition, MARS significantly reduces internal review times by instantly directing reviewers to the areas of the appraisal the need their attention most – providing clear detectives on a resolution, all automatically. 

For more information, check out the following flyer.

Interested in a short demo? Contact Global DMS® today at evopreview@globaldms.com.

 

Topics: Lenders, appraisal technology, collateral management, AMCs, Mortgage Companies, Compliance, residential mortgage industry, MISMO, MARS, Appraisal Process Management, Credit Union, EVO