Valuation Reporting Software Should Always Provide these 3 Crucial Items

Valuation Reporting Software Should Always Provide these 3 Crucial ItemsIn 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.

Automated reporting that is both accurate and configurable provides instant advantages, as this allows you to easily manage productivity, monitor turn-times, and analyze all aspects of the valuation process from start to finish. Automation also helps free up staff by eliminating mundane tasks, giving them more time to serve customers and complete other initiatives. 

To have the best-of-the-best for your business, your valuation reporting software should provide:

  1. The ability to run ad-hoc real-time reports on your various appraisal processes.
  2. The ability to understand your average appraisal turn-times.
  3. Management reports that are automatically delivered to the appropriate party on a daily, weekly, or monthly basis.

Automated reporting will provide a competitive advantage, helping your staff easily track every aspect of the appraisal process. Not only will this grant your processors a more realistic idea of turn-times, it also allows your team to instantly capture valuable data – including order data, daily summary reports, order status history, and turn-time reporting.

Global DMS’ eTrac (residential) and EVO-C (commercial) valuation management platforms both provide  automated reporting software that seamlessly organizes and distributes important data in real-time based on end-user configurations. Reports can be run on any data field, allowing you to capture every detail of your unique appraisal process. In addition, these reports can be automatically delivered to multiple recipients without the need of manual intervention – just set it and forget it.   

For more information, contact us today for a free consultation.  


Topics: Lenders, appraisal technology, eTrac Enterprise Solutions, AMCs, Global DMS, residential mortgage industry, Appraisal Process Management, EVO-C, Commercial