Global DMS has announced the official introduction of Global Unity, a product that seamlessly integrates its solution with leading loan origination systems (LOS). Global Unity provides lenders, banks and credit unions with 100 percent control over their entire collateral valuation process—with zero risk. Global Unity is an industry-wide technology undertaking that will transform the way appraisals are currently ordered, tracked, audited and returned back to a lender’s LOS. With the click of a button using Global DMS’ eTrac platform, lenders are provided with ease of access to all of their valuation needs—without ever leaving the application they are accustomed to working in—their LOS. The project has already resulted in partnerships with LOS vendor titans that are committed to simplifying the appraisal process.
"We have been intensely focused on the Global Unity project for quite some time in an effort to enable LOS vendors to gain access to our new middleware hub using Web services that we developed,” said Matt McHale, chief revenue officer at Global DMS. “This project is a huge benefit to our LOS partners, which can now offer their clients the ability to compliantly and cost effectively order appraisals from within their system. We have significant interest from LOS vendors and several are already in the midst of completing integrations. Global Unity is destined to change the fashion in which appraisals are ordered, and we have plans to partner with the majority of the leading LOSs in 2013.”
Global Unity also utilizes the company’s MISMO Appraisal Review System (MARS), which provides lenders, investors, mortgage insurance companies and appraisers with a turnkey solution by which to automatically extrapolate and analyze data from a PDF’d appraisal report, mitigating risk and ensuring compliance. The extracted data from the report is then compliantly delivered to either the GSEs’ mandated Uniform Collateral Data Portal (UCDP) or to institutional investors using per their specific guidelines.
Global Unity’s automated system-to-system transaction processing platform dramatically speeds up the ordering process for lenders by eliminating redundant data entry, thus eliminating errors, saving time and reducing costs. In addition to the platform being open to LOS providers, it will also be utilized by additional technology companies that have a need to integrate and access Global DMS’ appraisal management solutions. Those integrations will be announced as new partners join the Global Unity network.