LANSDALE, Pa., Jan. 23, 2013 (SEND2PRESS NEWSWIRE) — Global DMS, the leading provider of Web-based compliant valuation management software, announced that it has integrated its valuation management software with LendingQB‘s end-to-end, browser-based loan origination system (LOS). This integration is part of a major initiative to advance valuation compliance by tightly integrating the company’s eTrac platform with LOS vendors. As a result, the entire appraisal ordering and management process becomes seamless, efficient, cost effective and fully compliant with state and federal regulations.
Without having to leave LendingQB’s LOS, lenders are now able to access Global DMS’ eTrac platform to handle all of their valuation needs, including automated valuations, ordering full appraisals, automated appraisal reviews, and delivery to the Uniform Collateral Data Portal (UCDP) and institutional investors. This new seamless interface establishes system-to-system transaction processing that dramatically speeds up the ordering and appraisal management process for lenders by eliminating duplicate data entry, providing real-time appraisal process status updates and robust communication functionality between lenders and their valuation vendors.
“Our interface to Global DMS’ eTrac system utilizes a three-point integration to allow our clients to easily order and manage appraisals; check real-time order status; and receive completed appraisal files back into the LendingQB LOS E-Docs Platform,” said Binh Dang, president of LendingQB. “Most LOS platforms and valuation software systems don’t integrate seamlessly with one another, which makes it difficult for lenders and their appraisal management companies (AMCs) to share crucial data and communicate effectively.”
Dang added: “Because appraisal quality and processes are highly regulated and scrutinized by federal regulators and the agencies, these issues have resulted in costly errors, longer cycle times and substantial compliance penalties. However, our new integration to Global DMS streamlines the appraisal ordering and management processes to improve effectiveness, reduce costs and mitigate the compliance risk associated with appraisals.”
Company officials say that this initiative is more than technology that connects lenders to valuation products, AMCs and appraisers; it’s an entire movement focused on loan quality that ensures stability of the mortgage system through sound collateral valuations.
“Due to numerous new and changing government regulations, appraisal independence has obviously become a major concern for lenders to keep apace and avoid penalties,” said Vladimir Bien-Aime, chief executive officer at Global DMS. “Our solutions are proven to keep lenders in compliance, reduce costs, increase revenue, operate more efficiently and mitigate risk. Having trusted integration partners like LendingQB only provides more value for our mutual clients.”
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 www.globaldms.com or call (877) 866-2747.
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit www.lendingqb.com.
Profundity Communications, Inc.
News issued by: Global DMS
Original Image: https://www.send2press.com/mediaboom/12-1210-globaldms_72dpi.jpg
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Original Story ID: 2013-01-0123-001 (8467) :: LendingQBs-end-to-end-LOS-is-now-seamlessly-integrated-with-Global-DMS-valuation-management-platform_2013-01-0123-001
Original Keywords: globaldms, lendingqb, binh dang, valuation management software, loan origination system, etrac platform, uniform collateral data portal, appraisal management companies, software-as-service, loan origination platform Global DMS Lansdale Pennsylvania LANSDALE, Pa.
Alternate Headline: Global DMS announced that it has integrated its valuation management software with LendingQB’s browser-based loan origination system
NEWS ARCHIVE NOTE: this archival news content, issued by the news source via Send2Press Newswire, was originally located in the Send2Press® 2004-2015 2.0 news platform and has been permanently converted/moved (and redirected) into our 3.0 platform. Also note the story “reads” counter (bottom of page) does not include any data prior to Oct. 30, 2016. This press release was originally published/issued: Wed, 23 Jan 2013 07:55:01 +0000
News Source: Global DMS