LRES, a provider of commercial and residential valuations and asset management, has released its latest version of the DirectConnect framework.
The company says DirectConnect enables a user's technology to connect with the LRES LINK proprietary order management platform to optimize and accelerate the valuation ordering process.
According to LRES, the latest version of the system significantly reduces the time for successful systems integration from four to six months down to two to four weeks.
This release is flexible enough to connect any financial institution to any third-party provider of appraisal and property valuation services and also provides users collateral valuation reports, as well as the supporting data in the Mortgage Industry Standards Maintenance Organization industry-standard format, the company notes.
