Global DMS has integrated its eTrac valuation management platform with ProxyPics, which is a patented, secure mobile app that provides a method of facilitating the delivery of photographs of a subject property when access to the property is unavailable, the company announced in a press release.
Through this integration, lenders, AMCs, and appraisers who use eTrac automatically can request and receive high quality pictures of both the interior and exterior of a subject property directly from the homeowner, providing them with an immediate solution for completing their real estate appraisals remotely and within social distancing guidelines, the company stated.
“Our goal for this integration is to help promote business as usual during these very unusual times,” GlobalDMS Chief Operating Officer Jody Collup said in the release. “With eTrac and ProxyPics, our clients can do just that – providing timely, cost-effective, and accurate values for all loan types without ever leaving their desk.”
The entire process is automated, secure, protects against fraud, and requires no additional work or oversight from those using eTrac who never have to leave the platform. It’s also simple for homeowners, who utilize the ProxyPics mobile app to easily take the required photos, answer pre-set questions about the quality, condition, and unique characteristics of their home, and submit the information back to eTrac, Global DMS said.
Not only does this promote safe social distancing, it ensures eTrac users have the vital information they need for completing accurate valuations that are in full compliance with the temporary appraisal guidelines that were recently enacted by the GSEs and others in response to the coronavirus pandemic.
“As COVID-19 continues to prohibit in-person interactions, the use of innovative technologies has become critical in many lines of business, including real estate appraisals,” ProxyPics CEO Luke Tomaszewski said. “eTrac and ProxyPics provides lenders, AMCs, and appraisers with this innovative technology, allowing them to collect the necessary photos and property information directly from the homeowner without setting foot on the property.”