Platinum Data Solutions has enhanced its integration with Ellie Mae. 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.