Global DMS, provider of web-based compliant valuation management software, and MortgageFlex Systems, an established technology provider of mortgage loan software, announced that its eTrac Enterprise platform is integrated with MortgageFlex’s loan origination system (LOS), LoanQuest. The integration is bi-directional and streamlines data exchange and facilitates communication between the two platforms.  

“These tightly integrated solutions eliminate duplicated data entry from initial ordering through review thus reducing errors, cutting costs and speeding up the appraisal process while remaining in full compliance with state and federal regulations,” said Vladimir Bien-Aime, president and chief executive officer of Global DMS. 

The new integration works by providing lenders with the ability to easily order and manage appraisals, check real-time status, and receive completed appraisal files back into MortgageFlex’s LoanQuest LOS. The file is then automatically submitted to the Uniform Collateral Data Portal (UCDP) in full compliance and without errors or missing information. A detailed report is provided complete with audit tracking functionality giving lenders visibility and control over the entire appraisal process.

“Our clients are operating in an increasingly regulatory-intensive business environment and appraisal compliance is a major concern for them,” commented Craig Bechtle, executive vice president at MortgageFlex. “We are selective about the quality of the organizations we partner with and integration with Global DMS makes good business sense for our clients.”