New integration applies market intelligence data to validate property valuations for enhanced accuracy and quality
Tue, 09 Jul 2013, 12:35:02 EDT
Edited by Christopher L Simmons
LANSDALE, Pa., July 9, 2013 (SEND2PRESS NEWSWIRE) -- Global DMS, the leading provider of Web-based compliant valuation management software for the mortgage industry, announced that its valuation management software is integrated with DataQuick(R), a provider of advanced real estate information solutions powered by data, analytics and decisioning. The integration taps DataQuick's Collateral Validation (CV) analytics to render accurate valuations by utilizing in-depth area-based metrics.
LANSDALE, Pa., July 9, 2013 (SEND2PRESS NEWSWIRE) -- Global DMS, the leading provider of Web-based compliant valuation management software for the mortgage industry, announced that its valuation management software is integrated with DataQuick(R), a provider of advanced real estate information solutions powered by data, analytics and decisioning. 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.
About Global DMS:
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is the mortgage industry's preeminent provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company's solution set is cost effectively delivered on a software-as-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. Notable is that Global DMS has retained 100% of its lender clients since its inception. The company's solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs and the MISMO Appraisal Review System (MARS). For more information, visit the company's web site at http://www.globaldms.com/ or call (877) 866-2747.
San Diego-based DataQuick, a Decision Insight Information Group Company, delivers advanced information solutions powered by higher quality data, innovative analytics and automated decisioning across a national footprint. The company drives better decision making and improved profitability for the real estate, mortgage lending and secondary investor markets. DataQuick's integrated solutions include property data and analytics, appraisals and non-appraisal evaluations, flood determinations, mortgage credit reports, automated valuation models, automated decisioning software, Title insurance and property information, property research portals and marketing tools. For more information, visit the company's website at http://www.dataquick.com/ .
Profundity Communications, Inc.
for Global DMS
Global DMS, 1555 Bustard Road, Suite 300, Lansdale, PA 19446; 877.866.2747; www.globaldms.com.
NEWS SOURCE: Global DMS
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