CoreLogic‘s LoanSafe Appraisal Manager is now integrated with Ellie Mae‘s Encompass loan origination system, thus allowing lenders using Encompass to more quickly and easily review a loan application’s appraisal quality, potential risk of repurchase, valuation accuracy and market risk.
LoanSafe Appraisal Manager delivers 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 noncompliance. It is one of many CoreLogic solutions that are fully compatible with Encompass.
“LoanSafe Appraisal Manager enables lenders to objectively prioritize the riskiest appraisals and allocate resources to the appraisals that have the highest risk of noncompliance,” says Jacquie Doty, vice president of industry outreach for CoreLogic, in a release. “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.”