ALISO VIEJO, Calif., July 25, 2016 (SEND2PRESS NEWSWIRE) — Platinum Data Solutions, a provider of valuation data and analytics solutions for the mortgage industry, announced an enhanced integration with Ellie Mae’s Encompass® all-in-one mortgage management solution. The enhanced integration allows lenders to order Platinum Data’s RealView® appraisal quality reports by submitting appraisal data in MISMO XML format directly through Encompass, to drive quality and efficiency in the loan origination process.
Fannie Mae and Freddie Mac require appraisals to be in MISMO XML format when submitting appraisals to the UCDP (Uniform Collateral Data Portal). This enhanced integration enables lenders to maintain consistency of format throughout the appraisal underwriting, QC and UCDP submission processes.
Platinum Data’s online platform and analytical tools are used to protect the country’s top 10 mortgage lenders, and are integrated into several leading mortgage and appraisal software systems.
RealView, Platinum Data’s flagship appraisal quality technology, pioneered automated appraisal underwriting and quality control. It uses business intelligence to analyze the thousands of data fields in an appraisal, identify inaccuracies, and relay its findings. In seconds and with just a few clicks, RealView produces a comprehensive yet streamlined report that enables lenders to quickly elevate quality and compliance. Each RealView report features color-coded scoring, a summary of findings, and a simplified dashboard format, and provides all the information users need to prevent appraisal-based compliance violations, enhance appraisal quality, and gain efficiency of process.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
“Platinum Data is delighted to partner with Ellie Mae®,” said Phil Huff, president and CEO of Platinum Data Solutions. “This enhanced integration with Encompass enables our clients to simplify the process of ordering RealView, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.”
ABOUT PLATINUM DATA SOLUTIONS:
Platinum Data Solutions provides valuation data and analytics technologies that help mortgage lenders, servicers, investors, AMCs and their vendors value collateral, identify potential collateral weaknesses and manage collateral risk. The company’s online platform and analytical tools protect the country’s top 10 mortgage lenders and help hundreds of companies to perform due diligence and prevent collateral-based loss. Each year, Platinum Data protects billions of dollars in assets across the U.S. against collateral-based non-compliance, buybacks and other risks.
The company’s RealView system pioneered computer-assisted appraisal underwriting. Its valuation analytics channel provides the industry’s only turnkey services that assure the responsible use of AVMs. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002.
For more information, visit http://www.platdata.com/, follow @Platinum_Data or email info@PlatinumData.com.
News Source: Platinum Data Solutions