Global DMS, LendingQB Integrate Platforms to Streamline Appraisal Management

""Global DMS"":http://www.globaldms.com/home, a Pennsylvania based provider of Web-based compliant valuation management software, announced it has integrated its valuation management software with ""LendingQB's"":http://www.lendingqb.com/ end-to-end, browser-based loan origination system (LOS).

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Lenders are now able to access Global DMS' eTrac platform to handle all of their valuation needs without having to leave LendingQB's platform. The new interface also establishes system-to-system transaction processing that speeds up the ordering and appraisal management process for lenders by eliminating duplicate data entry, providing real-time appraisal process status updates and communication functionality between lenders and their valuation vendors.

""Our interface to Global DMS' eTrac system utilizes a three-point integration to allow our clients to easily order and manage appraisals; check real-time order status; and receive completed appraisal files back into the LendingQB LOS E-Docs Platform,"" said LendingQB president Binh Dang. ""Most LOS platforms and valuation software systems don't integrate seamlessly with one another, which makes it difficult for lenders and their appraisal management companies (AMCs) to share crucial data and communicate effectively.""

According to a release from Global DMS, the integration is part of ""a major initiative to advance valuation compliance by tightly integrating the company's eTrac platform with LOS vendors,"" thus creating a seamless, efficient, cost-effective, and fully compliant process.

""Due to numerous new and changing government regulations, appraisal independence has obviously become a major concern for lenders to keep apace and avoid penalties,"" said Global DMS CEO Vladimir Bien-Aime. ""Our solutions are proven to keep lenders in compliance, reduce costs, increase revenue, operate more efficiently and mitigate risk. Having trusted integration partners like LendingQB only provides more value for our mutual clients.""