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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 “Commercial lenders have grown accustomed to dealing with manual processes or limitations of outdated, inflexible technology that prevents them from optimizing their valuation processes.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.