In today’s highly competitive housing market, having an efficient appraisal process is critical to ensuring quick closings and happy customers. However, mitigating this process without the proper valuation management technology can be labor-intensive, inefficient, and lead to costly inaccuracies that only lengthen turn-times.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Appraisal Process Management, Credit Union
Efficiency is the key to succeeding in today’s highly competitive housing market, as the ability to close loans quickly ensures good customer service (leading to more referrals). Timely closings, however, strongly depend on one’s ability to avoid valuation-related delays – especially during final delivery to the GSEs or FHA.
Read MoreTopics: GSE, Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, Global DMS, Keeping Collateral Management Compliant, UCDP, global kinex, Appraisal Process Management, Credit Union
Valuation management software helps bring stability and greater efficiency to a lender, AMC, and/or appraiser’s workflow. However, these systems can become counter-productive if they aren’t configurable and able to match your specific business model.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, Appraisers, AMCs, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, global kinex, MARS, Global Communicator, Appraisal Process Management, Credit Union
Those that manage real estate appraisals for commercial loans understand the challenges inadequate software can bring to their overall efforts. Clunky designs and navigation, the promotion of manual processes that don’t account for their business model, and slow uploads that time-out are only some of the issues that industry participants face when using outdated programs.
Read MoreTopics: Lenders, appraisal technology, AMCs, Mortgage Companies, Global DMS, technology, Compliance, Appraisal Process Management, EVO-C, Commercial
On July 22nd and 23rd, Global DMS will be in Denver, CO for the Appraisal Institute’s Annual Conference, where we will be exhibiting our flagship valuation management products (EVO-C and eTrac®) in booth 310 on the tradeshow floor.
Read MoreTopics: Lenders, eTrac Enterprise Solutions, Appraisers, AMCs, Global DMS, Mortgage Industry Conferences, Trade Shows, EVO-C
Many within the mortgage origination process understand the ECOA Appraisal Rule and the added importance of delivering their appraisal reports to the borrower on time, every time.
Read MoreTopics: Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Regulations, Appraisal Process Management, Credit Union
Appraisal reviews are an essential component of the valuation process, ensuring both accuracy and compliance, yet many software platforms only allow these reviews to be completed on the backend – leaving lenders in the dark as to what is being flagged on their appraisals.
Read MoreTopics: GSE, Lenders, appraisal technology, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Compliance, UAD, MARS, Appraisal Process Management, MISMO XML, USPAP
In today’s fast-paced market environment, it’s vital that you take the necessary steps to ensure that your valuation management process is both efficient and effective. Ignoring this important component of the loan origination process will only lead to delays—and potentially more costs—that could be avoided.
Read MoreTopics: Lenders, appraisal technology, eTrac Enterprise Solutions, AMCs, Global DMS, residential mortgage industry, Appraisal Process Management, EVO-C, Commercial
Does your commercial appraisal software truly provide the functionality you need? More importantly, does it fit your unique business model and allow you to close your commercial loans as efficiently as possible?
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, Mortgage Companies, Global DMS, technology, Mortgage Industry Conferences, Conferences, Trade Shows, Appraisal Process Management, Credit Union, EVO-C, Commercial
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