Veros Real Estate Solutions, a leading provider of automated property valuations, real estate analytics, and collateral risk management systems, announced its Sapphire valuation management platform now is available through Ellie Mae’s Encompass all-in-one mortgage management solution. The integration allows lenders to place orders through Encompass to Sapphire, where the clients can manage their own panel of appraisers or AMCs to drive quality and efficiency in the loan origination process, according to the company’s press release.
The secured integration gives clients of Ellie Mae the option to order appraisals directly through their own panel of appraisers as an alternative to ordering through AMCs. While never losing connectivity with Encompass workflow, lenders now have access to engage their vendors in a more direct approach utilizing routing and review rules specific to their organization.
“More and more lenders are seeking greater direct control of the vendor management and report acceptance components of the appraisal workflow,” Veros Operations Senior Vice President David Rasmussen said in the release. “Veros’ Sapphire integration provides that capability.”
The integration offers mortgage lenders of all sizes the ability to leverage their own pool of appraisers specific to their organization and rules within Sapphire. Because Sapphire is able to manage orders automatically, incorporating both system and customer-specific validation rules, users of the Encompass-Sapphire connection will appreciate the direct influence on transparency, fees, timelines and overall quality control.
“Veros is delighted to partner with Ellie Mae to enable lenders to simplify the appraisal ordering process, drive relationship management and quality controls so they can stay focused on growing their business. We look forward to a long, successful relationship with Ellie Mae,” Rasmussen said.