Global DMS and Platinum Data Solutions have integrated Platinum Data’s RealView appraisal quality software into Global DMS’ eTrac appraisal management platform, allowing for quick and easy access to appraisal quality and compliance analytics. Organizations that are using Global DMS' eTrac Enterprise platform to automate their valuation process now have seamless access to Platinum Data's RealView collateral valuation business intelligence technology directly from within eTrac. RealView uses sophisticated configurable business rules to quickly analyze each appraisal’s quality and compliance. As a result, joint clients are able to efficiently manage the valuation process and analyze all appraisals for the thousands of different factors that can compromise appraisal quality.
“The combination of these two best-of-breed solutions provides the highest level of quality and efficiency in collateral valuation process," said Vladimir Bien-Aime, president and CEO of Global DMS. “The integration of Platinum Data’s RealView product into our eTrac platform facilitates the thorough assessment of collateral to allow mortgage lenders to make better business decisions. Put simply, this collaboration reduces fraud, lending costs and overall risk.”
Platinum Data's RealView solution takes only a few seconds to review, analyze and score appraisals according to standard and user-defined business rules. Scores range from 0 to 1,000 and cover four factors: the appraisal’s overall quality, as well as its compliance, credibility, and complexity. Users may configure an unlimited number of custom business rules, which can be implemented in a matter of hours or days, not weeks or months, thus empowering companies to swiftly respond to marketplace changes.
“Manually evaluating appraisals is one of the most tedious, time consuming activities in the underwriting process, and unless you use a technology, it’s virtually impossible to achieve any consistency in the practice,” said Phil Huff, CEO of Platinum Data. “This integration is enabling a whole new group of lenders and AMCs to achieve unquestionable appraisal quality and compliance faster and easier than ever before. We’re pleased to be integrating with Global DMS. Like Platinum, they are dedicated to removing any barrier to appraisal quality and compliance.”