Global DMS has announced that its eTrac Enterprise platform has been integrated with MortgageFlex’s loan origination system (LOS), LoanQuest. The integration is bi-directional and completely streamlines data exchange and facilitates ease of communication between the two platforms. “We’re excited because the partnership with MortgageFlex embodies the best-of-breed solution which ensures efficiency and compliance for our mutual clients,” said Vladimir Bien-Aime, president and CEO of Global DMS. “These tightly integrated solutions eliminate duplicated data entry from initial ordering through review thus reducing errors, cutting costs and dramatically speeding up the appraisal process while remaining in full compliance with state and federal regulations. There is a huge amount of value that our mutual clients will realize from this integration.”
The new integration works by providing lenders with the ability to easily order and manage appraisals, check real-time status, and receive completed appraisal files back into MortgageFlex’s LoanQuest LOS. The file is then automatically submitted to the Uniform Collateral Data Portal (UCDP) in full compliance and without errors or missing information. A detailed report is provided complete with audit tracking functionality giving lenders visibility and control over the entire appraisal process.
“Our clients are operating in an increasingly regulatory-intensive business environment and appraisal compliance is a major concern for them,” commented Craig Bechtle, executive vice president at MortgageFlex. “Global DMS’ valuation management solution is proven through-and-through and this integration allows lenders to be confident that they will be in compliance, avoiding steep fines and eliminating the need for manual error corrections. We are selective about the quality of the organizations we partner with and integration with Global DMS makes good business sense for our clients.”