LANSDALE, Pa., Sept. 5, 2017 – Global DMS, a leading provider of cloud-based compliant valuation management software and SettlementOne, a nationwide provider of appraisal management services, have partnered to integrate the Global DMS’ eTrac valuation management platform with SettlementOne’s LendSecure appraisal management platform to provide comprehensive automation of the appraisal process. SettlementOne’s lender clients will benefit from the ability to easily access all the functionality and tools within eTrac.
eTrac is a single-source valuation management platform that automates key aspects of the valuation process: vendor management, appraisal ordering, assigning orders, tracking status in real-time, handling accounting functions, appraisal delivery based on lender preferences, reviewing appraisals, and finally selling them via connectivity to the Uniform Collateral Data Portal (UCDP) and Electronic Appraisal Delivery) portal. eTrac’s configurable workflow engine establishes a smooth, fully workflow-driven process that removes manual touchpoints.
“We are pleased to partner with Global DMS to offer our lender clients access to their eTrac valuation management platform,” said Scott K. Stucky, Executive Vice President at SettlementOne. “Global DMS is a clear leader in valuation software and our clients will now be able to fully automate their valuation process via eTrac.”
eTrac ensures compliance with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act. eTrac integrates with leading loan origination systems (LOS), data analytics services, AVMs and other third-party applications.
About Global DMS
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers, and other real estate entities. The company’s solution set is cost effectively delivered on a Software-as-a-Service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies, and expedites the entire real estate appraisal process. The product line-up includes its eTrac® valuation management platform, eTrac Web Forms, Global Kinex®, AVMs and data analytics products, BPO management platform, the Mismo Appraisal Review System (MARS®), ATOM (Appraisal Tracking On Mobile), and AMCmatch.com. For more information, visit the company’s website at www.globaldms.com or call (877) 866-2747.
Established in 1996, SettlementOne is one of the nation’s premier suppliers of appraisal and credit solutions for financial institutions. They provide secure, efficient and cost-effective solutions that streamline the mortgage origination and lending process. SettlementOne provides credit reporting, property valuation, flood certification, fraud and verification services to U.S. banks, mortgage lenders, mortgage brokers and credit unions. Our specialty is providing convenient bundles of these services to these mortgage industry clients. For more information, visit the company’s web site www.settlementone.com.