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New Tool Speeds Up Turn Times And Brings Efficiencies To The Appraisal Scheduling

Global DMS has rolled out eTrac Pre-Scheduler, a newly released tool that that streamlines appraisal appointments, allowing lenders and AMCs that are leveraging eTrac to easily set predetermined appraisal dates, apply specific parameters, and broadcast appraiser communications.

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eTrac Pre-Scheduler empowers users with the ability to easily select multiple appraisal appointment dates per appraisal order, automatically search for applicable appraisers that are available to complete the order, and then present potential assignments to eligible appraisers along with the order and specified dates. The appraiser can then quickly accept the order by agreeing to one of the required dates, which can conveniently be done from their cell phone via email and/or text message.

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The end result is that the entire process of coordinating and completing appraisals becomes quicker, easier, and more efficient. In addition, Pre-Scheduler flexes with unique business processes or special requests from borrowers and clients, as users have the ability to define what appraisers must agree to before accepting orders.

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“Appraisals typically take the longest of all loan fulfillment processes to complete, which extends underwriting times, increases costs, and also opens up the potential for deal fallout,” says Vladimir Bien-Aime, president and CEO at Global DMS. “Appointments are sometimes set at the vendor’s discretion and can lead to unexpected delays and issues; however, the addition of Pre-Scheduler to eTrac establishes more control and better organization to prevent problems. Ensuring that appraisal orders are efficiently assigned, accepted, and completed is paramount to making the process expeditious and cost effective.”

Next-Generation Valuation Management Software Platform For Commercial Lending Launches

Global DMS launched EVO-Commercial (EVO-C). The new platform is 100 percent configurable, fully customizable, quick and easy to implement, eliminates numerous steps in the workflow process, lowers system maintenance costs and empowers end-users as well as management teams, among many other efficiency gains.

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“EVO-C solves a number of major pain points and challenges that have been ailing the commercial lending space for years,” says said Vladimir Bien-Aime, president and CEO at Global DMS. “Commercial lenders have grown accustomed to dealing with manual processes or limitations of outdated, inflexible technology that prevents them from optimizing their valuation processes. The feedback we have received from commercial lenders thus far is that EVO-C eclipses and outperforms the current solutions which they are continually burdened with.”

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The EVO-C platform delivers immediate ROI to lender clients by reducing the cost to acquire, manage and review collateral valuations reports. The solution creates a competitive bidding environment where vendors are encouraged to focus on quality, communication, cost and turnaround time. Managers are easily able to monitor their pipelines in real-time for overall performance to drive down costs, remove road-blocks and create a positive experience for their customers.

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Key EVO-C Benefits:

>>Implementations can be completed in just days or weeks – not months

>>EVO-C is so intuitive and easy to understand that minimal training is required

>>Completely workflow-driven powered by a highly configurable business rules engine that does not require development or IT resources to update

>>Detailed custom reports can easily be created by business users and dynamically output on an ad hoc basis for management

>>Drag and drop capability allows for multiple large files to swiftly be transferred and auto-populated, saving immeasurable amounts of time

“We spent a great deal of time working closely with lenders to perfect a breakthrough platform that is loaded with features and functionality, which commercial lenders have never seen before,” said Michael Quaranto, chief information security officer and vice president of technology at Global DMS. “EVO-C was engineered to be hands down the most flexible, configurable and extensible commercial lending valuation management platform available on the market. We are extremely excited to demonstrate the jaw-dropping power EVO-C offers.”

Global DMS is an established enterprise-class software provider that also offers a widely-used, residential lending valuation management platform, eTrac, which seamlessly automates all aspects of the process. eTrac supports lender compliance with changing state-based rules, federal laws, the Consumer Financial Protection Bureau (CFPB) and the Dodd-Frank Act.

About The Author

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.