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Global DMS Integrates Software With DataQuick

NationalMortgageProfessional.com
Jul 09, 2013

Global DMS has announced that its valuation management software is integrated with DataQuick. The integration taps DataQuick’s Collateral Validation (CV) analytics to render accurate valuations by utilizing in-depth area-based metrics, trending and other important factors that are not typically taken into account when underwriting loans. DataQuick’s CV solution enhances the confirmation of property valuations by ensuring that specific values fall within acceptable ranges, which involves the use of key data elements that provide added market intelligence. This includes analyzing and making use of public data sources such as multiple listing service (MLS) data, industry-leading automated valuation models (AVMs), neighborhood-level house price indexes (HPIs), inventory and sales trends metrics, foreclosure data, various housing analytics, and other relevant data elements. The results of the data is interpreted into meaningful information and then incorporated into Global DMS’ valuation determination, thus producing a highly accurate, quality appraisal. “As the uses for property data expand from origination to servicing, lenders and servicers are leveraging a greater number of tools to validate collateral,” said Vladimir Bien-Aime, president and CEO of Global DMS. “Incorporating DataQuick’s solution into our valuations offering such as automated review products and hybrid valuations that combine manual appraisal know-how and data analytics allows us to provide unique solutions that are immediately available to our growing customer base.” Global DMS’ valuation management eTrac Enterprise platform enables organizations to cost effectively and compliantly manage the entire appraisal management process from vendor management to appraisal ordering, assignment, tracking, reviews, delivery and reporting.
Published
Jul 09, 2013
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