ValuTrac and LPS Partner on Appraisal Initiative

ValuTrac Software has announced an agreement with Lender Processing Services Inc. (LPS) to integrate with the LPS Loan Quality Gateway, which is powered by RealEC, a provider of collaborative network solutions for the mortgage industry. This new integration will allow ValuTrac’s customers to seamlessly connect to the LPS Loan Quality Gateway and gain significant operational efficiencies by eliminating any manual data entry to facilitate appraisal ordering, real-time appraisal tracking, appraisal review and delivery of a completed appraisal product. RealEC Technologies is a wholly owned subsidiary of LPS. A part of LPS’ comprehensive origination technology offering is the LPS Loan Quality Gateway’s Exchange, an electronic partner network that enables thousands of service providers to connect securely and electronically to their lending clients through a standards-based data exchange. “This new integration will allow our customers to seamlessly connect to the LPS Loan Quality Gateway to enhance the appraisal process by delivering a consistent and fully compliant appraisal outcome," said Clint Cornett, CEO of ValuTrac Software. "We are excited about this integration and the opportunities it gives ValuTrac’s customers to globally connect to RealEC users. ValuTrac remains focused on being part of the movement of integrating innovative technology into holistic platforms to further streamline and mitigate risk throughout the lending value chain.”