Utilizing an in-house appraisal panel has numerous benefits, but can be quite stressful to manage without the right software platform in place.
Everything from vendor management through final delivery must be overseen properly to not only ensure compliance, but timely loan closings as well. With so many things to account for, it can be easy to accidentally overlook something along the way – putting your lending institution at risk of both costly penalties and upset clients.
Valuation management technology can alleviate this common pain-point for lenders, but choosing the right technology is paramount to your overall success. Many platforms only manage part of the appraisal process and require lenders to implement additional software systems to fill the gaps. This inevitably leads to longer turn-times and more costs.
Global DMS’ eTrac® platform, however, efficiently streamlines the entire valuation management process through its unique workflow automation – keeping everything in full compliance with little to no resources.
- Automatic Appraiser Validation & Monitoring
- Easy Appraiser Set Up
- Integration with your LOS
- Automated Appraisal Scoring
- Detailed Reporting
- Seamless Delivery to the UCDP, EAD, or Institutional Investors
For more information, or to see a customized demo of eTrac in action, contact us today at firstname.lastname@example.org.