CoreLogic has integrated its LoanSafe Appraisal Manager on the Ellie Mae Encompass all-in-one mortgage management solution. LoanSafe Appraisal Manager allows lenders to quickly and easily review a loan application’s appraisal quality, potential risk of repurchase, valuation accuracy, market risk and more directly from Encompass.
LoanSafe Appraisal Manager provides Encompass users with risk scores using an analytic model that identifies appraisals with the highest potential risk of repurchase by rank-ordering the risk of over-valuation, early payment default, foreclosure and appraisal non-compliance.
“LoanSafe Appraisal Manager enables lenders to objectively prioritize the riskiest appraisals and allocate resources to the appraisals that have the highest risk of noncompliance,” said Jacquie Doty, vice president, Industry Outreach, for CoreLogic. “Now, with its integration on Encompass, CoreLogic can provide a more complete, single vendor option on Encompass. Lenders can now leverage a single provider for a majority of their services, maximizing efficiency and reducing the complex process of vendor management.”
“This latest product integration enhances our continued partnership with CoreLogic,” said Joe Tyrrell, executive vice president at Ellie Mae. “We are focused on providing value to our clients, and by streamlining the appraisal review process we can help them to optimize resources and reduce costs.”
LoanSafe Appraisal Manager joins other CoreLogic products currently integrated in the Encompass platform, including Instant Merge, the nation’s most popular 3-bureau merged credit reporting solution, flood determinations, LoanSafe Fraud Manager, LoanSafe Risk Manager, Merge Plus credit supplements, 4506-T Direct, FinalCheck LQI Compliance, automated valuation models and several pieces of the Ellie Mae Total Quality Loan.