Platinum Data Solutions, a provider of valuation data and analytics technologies, says it has integrated its RealView technology with Ellie Mae’s Encompass all-in-one mortgage management solution.
According to Platinum, the integration will allow lenders to order RealView appraisal-quality reports by submitting appraisal data in MISMO XML format directly through Encompass.
RealView uses business intelligence to analyze the data fields in an appraisal, identify inaccuracies and relay its findings. Ellie Mae’s Encompass solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency, the company asserts.
Fannie Mae and Freddie Mac require appraisals to be in MISMO XML format when submitting appraisals to the Uniform Collateral Data Portal (UCDP). Platinum Data says this enhanced integration enables lenders to maintain consistency of format throughout the appraisal underwriting, quality control and UCDP submission processes.
“This enhanced integration with Encompass enables our clients to simplify the process of ordering RealView so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae,” says Phil Huff, president and CEO of Platinum Data Solutions.