Skip to main content

LRES Announces Integration With Platinum Data Solutions' RealView

NationalMortgageProfessional.com
Jun 23, 2015

LRES has announced that its LRES DirectConnect integration hub now fully integrates with RealView, the appraisal quality technology from Platinum Data Solutions, a provider of collateral valuation and risk assessment technologies. Through this integration, LRES and Platinum Data offer more streamlined quality management with automated detection of overlooked or incorrect scope of work or underwriting guidelines during the home appraisal process. LRES DirectConnect offers full valuation lifecycle management to lenders by delivering collateral valuation reports and supporting data in the MISMO industry-standard format and in proprietary format on the Platinum Data platform.

Since partnering with Platinum Data Solutions, LRES has experienced a 15 percent improvement in turnaround time (TAT) and a 25 percent improvement in quality.

“Smart companies like LRES realize that quality, compliance, and transparency attract customers and prevent loss,” said Phil Huff, president and CEO of Platinum Data. “We’re pleased that LRES is benefitting from the tangible benefits and ROI that RealView provides.”

LRES DirectConnect offers an integration framework that connects financial institutions and third-party systems to the LRES LINK order management platform to optimize and accelerate appraisal order processing.

“LRES’ integration with Platinum focuses on quality management and provides improved accuracy and enhanced operational efficiency throughout the entire appraisal process,” said Roger Beane, CEO of LRES.

More from
Tech
Fraud Detection Transitions To Digital Lending

Mortgage lenders faced $20 billion in mortgage lending fraud exposure last year, according to research from Point Predictive.

Tech
Jun 16, 2021
Radian Expands Integration With Mortgage Cadence

Radian Group Inc. expanded its integration with Mortgage Cadence to include Radian's title and settlement services with the Mortgage Cadence Platform.

Tech
Jun 16, 2021
Zillow Launches Zestimate With Neural Enhancements

Zillow launched major updates to its Zestimate home valuation model, including an updated algorithm.

Tech
Jun 15, 2021
MISMO Releases eMortgage Technology Certification Program

MISMO announced the release of an eMortgage Technology Certification program to assist lenders in finding products that comply with industry standards.

Tech
Jun 15, 2021
Maxwell Introduces MaxDiligence, Due Diligence And QC Service For Lenders

Digital mortgage platform Maxwell, released its latest tech-powered innovation, MaxDiligence to provide due diligence and quality control services for lenders.

Tech
Jun 15, 2021
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021