CoreLogic, a leading global property information, analytics and data-enabled services provider, announced the integration of LoanSafe Appraisal Manager with Ellie Mae’s Encompass. LoanSafe Appraisal Manager allows lenders to quickly and easily review a loan application’s appraisal quality, potential risk of repurchase, valuation accuracy, market risk and more directly from Encompass.
LoanSafe Appraisal Manager provides Encompass users with risk scores using an analytic model that identifies appraisals with the highest potential risk of repurchase by rank-ordering the risk of over-valuation, early payment default, foreclosure and appraisal non-compliance. Encompass users now can validate and manage appraisal risk directly from the Loan Origination Platform.
“LoanSafe Appraisal Manager enables lenders to objectively prioritize the riskiest appraisals and allocate resources to the appraisals that have the highest risk of noncompliance,” CoreLogic Industry Outreach Vice President Jacquie Doty said in a press release. “Now, with its integration on Encompass, CoreLogic can provide a more complete, single vendor option on Encompass. Lenders can now leverage a single provider for a majority of their services, maximizing efficiency and reducing the complex process of vendor management.”
“This latest product integration enhances our continued partnership with CoreLogic,” Ellie Mae Vice President Joe Tyrrell said. “We are focused on providing value to our clients, and by streamlining the appraisal review process we can help them to optimize resources and reduce costs.”