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LRES, a valuation and asset management solutions provider headquartered in California, has successfully connected its DirectConnect integration hub with Exchange, an electronic provider network offered by Black Knight Financial Services' RealEC Technologies division.
Through the integration, LRES DirectConnect offers full valuation lifecycle management to users of the Exchange platform by delivering collateral valuation reports and supporting data in both the MISMO industry-standard format and in proprietary format.
Through Exchange's portal, LRES says it can effectively and efficiently management the valuation process by aligning with lenders' specific workflow requirements during the home appraisal process.
"LRES' integration with RealEC's advanced portal greatly benefits lenders by more efficiently enabling them to address specific workflow needs and keeping them fully abreast of the appraisal's status throughout the process," said Roger Beane, CEO of LRES.
With the integration, DirectConnect is available to the more than 17,000 mortgage lenders and service providers that use Exchange, giving all of its users the ability to integrate all events and individual stages within the valuation lifecycle to align with their own specified workflow preferences.
"LRES DirectConnect's platform seamlessly configures to Exchange, offering lenders a highly efficient and transparent appraisal experience," said Bob Jennings, managing director of sales for RealEC Technologies. "As the industry requires better connectivity and collaboration to support new regulations, delivering an integrated solution to help improve efficiencies and meet compliance requirements is critical. We have a team dedicated solely to enhancing our technologies' ability to connect and collaborate with partners like LRES."
