Global DMS, a valuation software company, has integrated the valuation management software eTrac with Encompass, Ellie Mae’s end-to-end, loan origination system. This integration allows the entire appraisal ordering and management process to become seamless, efficient, cost effective and fully compliant with state and federal regulations, the company reports.
Without having to leave Encompass, users are now able to access Global DMS’ eTrac platform, which handles all of the user’s appraisal and valuation needs, including automated valuations, ordering full appraisals, automated appraisal reviews, delivery to the Uniform Collateral Data Portal (UCDP) and institutional investors.
This new seamless interface establishes system-to-system transaction processing that dramatically speeds up the ordering and appraisal management process for lenders by eliminating duplicate data entry, providing real-time appraisal process status updates and robust communication functionality between lenders and their valuation vendors.
This three-point interface is easy to use and creates added efficiencies in the work flow by way of the following: