Global DMS, a provider of web-based compliant valuation management software, has integrated its eTrac platform with LoanSafe® Appraisal Manager™ from CoreLogic to provide lenders, investors and AMCs with detailed analysis that ensures appraisal quality and accurately assesses the potential risk for a repurchase, according to a recent announcement from the company.
“The new integration with LoanSafe Appraisal Manager complements our eTrac platform by providing clients with the ability to take advantage of comprehensive appraisal risk analysis,” said Vladimir Bien-Aime, president and CEO of GlobalDMS. “Utilizing this scoring technology can make the difference between accepting appraisals of high quality and those that may have increased valuation and quality issues.”
The announcement says that after LoanSafe Appraisal Manager scores the appraisal, users are provided with a report that gives reviewers and underwriters a detailed analysis of appraisal quality, valuation uncertainty, market volatility and more. This streamlines the appraisal review process and speeds up the underwriting turn times, saving time and money while enhancing accuracy and mitigating risk.
LoanSafe Appraisal Manager leverages nationwide, up-to-date, market-specific CoreLogic data covering 99 percent of U.S. residential properties.