Channel Inc., a Web-based real estate management software platform, and Equi-Trax Asset Solutions LP, a national property valuation firm servicing the U.S. financial services industry, have completed a communications link between the companies that enables clients to automate ordering and receiving property valuations.
“The idea was to enable clients to click once and send an order or multiple orders automatically to the valuation provider that has the highest ranking in the Equi-Trax system,” said Guy Taylor, chief executive officer of Equi-Trax. “Our aim was to ensure the highest quality work and the fastest turnaround time in the industry. The client also benefits from the multi-level quality control standards built into our workflow, resulting in the highest quality product delivered back to the client with minimal effort on their part.”
The development of this technology enables servicers, asset managers and other mortgage professionals to select the Equi-Trax product—either an appraisal, a broker price opinion or a hybrid offering—from a list located on Channel’s platform.
“We integrated our systems so we can be more efficient sending orders to Equi-Trax. They can now be processed right away in an automated fashion,” said John Nicholas, chief executive officer at Channel Inc. “To support our loss mitigation platform, we selected Equi-Trax as a strategic valuation provider whose products are listed on our site.”
Once a product is chosen, the order goes to Equi-Trax, which distributes it to an appraiser or a realtor. From there it goes through quality control, and is transmitted back to Channel’s platform and the client.
“We send orders to Equi-Trax, they process them and return precise valuations to us in a speedy fashion,” said Nicholas.
For more information, visit www.channelcompanies.com or www.equi-trax.com.