Furthering Appraisal Automation

Today I learned that ValuTrac Software, a software solutions provider to the appraisal management and mortgage lending industry, has integrated with Ellie Mae. ValuTrac will integrate directly with Ellie Mae’s Encompass mortgage management solution to seamlessly facilitate the appraisal portion of the loan process.

The integration will increase efficiency and remove risk for Encompass users by automating complicated appraisal steps.

“Ellie Mae’s Encompass software is a natural fit with ValuTrac’s appraisal management platform of products. This combination demonstrates how integrating our appraisal management software with leading enterprise mortgage technology providers, such as Ellie Mae, can help build a holistic platform that streamlines the lending value chain and mitigate risk,” said Clint Cornett, CEO of ValuTrac.

“Seamless integrations across the lending ecosystem are creating significant efficiencies as well as a higher standard for the mortgage process. ValuTrac’s appraisal management software is a welcome addition to the Ellie Mae Network, added Joe Tyrrell, Senior Vice President. “This integration continues our commitment to providing access to quality products that help minimize origination cost while maximizing retail, wholesale and correspondent performance.”

Launched in 2009, ValuTrac Software is a fully customizable appraisal management platform, which enables financial institutions and appraisal management companies to efficiently manage appraisal workflow across one scalable Internet-based platform. ValuTrac offers products aimed at expediting the appraisal process while ensuring industry compliance.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.