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Global DMS announces MARS Secondary Market Edition
May 24, 2010

Global DMS, the technology company that pioneered Web-based appraisal management software, has announced a technology that offers a critical component to the successful future of the secondary market. MARS SME, the Secondary Market Edition of Global DMS’s MARS (MISMO Appraisal Review System) technology, offers investors and asset managers a fast and easy way to value entire loan pools, all automatically and within just a few minutes. MARS is a plug and play, Web-based, automated appraisal review system that extracts data from PDF appraisal reports, reviews the data, then reassembles that data into XML MISMO format to deliver to Fannie Mae--all automatically and in just a few minutes. MARS SME offers many of the same capabilities as the original MARS, but tailored to secondary market investors that work in bulk, rather than by individual loans. MARS SME automates the bulk due diligence process for valuing entire loan pools.   “Whether trading whole loans, residential mortgage-backed securities (RMBS) or loan pools, lenders are keenly aware of how important it is to know the property values of what is being traded,” says Vladimir Bien-Aime, chief executive officer of Global DMS. “In order for the secondary market to grow and thrive, investors need loan-level collateral transparency. MARS SME offers a way to provide that level of transparency on a bulk level, all in just a few moments.” Using MARS SME is easy. Users can upload thousands of property addresses at one time through a simple spreadsheet. MARS SME runs powerful analytics to provide a summary and detailed evaluation results in just minutes. The system utilizes robust analytics and data sources to reveal problem areas, compare findings to market benchmarks and even check past values for the forensic appraisal reviews used to combat fraud. The MARS interface can sort valuation results, drill down for details and even order upgraded products—the system’s “bump logic” can be configured to automatically elevate evaluation levels from automated valuation models (AVMs) to more comprehensive reports like broker price opinions (BPOs), appraiser price opinions, full appraisals, desk reviews or other reconciliation products. The MARS rules engine is also flexible and configurable, and can be programmed according to specific investor rules. For example, the system can identify potential issues where values are out of tolerance ranges. “There’s no substitute for transparency when it comes to making smarter investments and protecting assets,” said Bien-Aime. “MARS SME can help prequalify applications, pre-screen pools of loans, and provide comprehensive portfolio valuation analyses. Because MARS SME was created specifically for this level of evaluation, users get the benefit of paying a reduced fee for only the data elements that they need, like estimated market value and confidence scores.” For more information, visit
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