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, Global DMS announced in a press release.
SettlementOne’s lender clients will benefit from the ability to easily access all the functionality and tools within eTrac, 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, the release stated.
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,” SettlementOne Executive Vice President Scott K. Stucky said. “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.