Platinum Data Solutions' RealView appraisal quality software is now integrated with Global DMS' eTrac appraisal management platform, allowing for quick and easy access to appraisal quality and compliance analytics, the two companies recently announced.
The integration means organizations using eTrac to automate their valuation process now have seamless access to Platinum Data's RealView collateral valuation business intelligence technology directly from within eTrac.
RealView uses sophisticated configurable business rules to quickly analyze each appraisal's quality and compliance. As a result, joint clients are able to efficiently manage the valuation process and analyze all appraisals for the thousands of different factors that can compromise appraisal quality.Â Â Â Â Â Â Â Â Â Â Â
‘The combination of these two best-of-breed solutions provides the highest level of quality and efficiency in collateral valuation process,’ says Vladimir Bien-Aime, president and CEO of Global DMS, in a release. ‘The integration of Platinum Data's RealView product into our eTrac platform facilitates the thorough assessment of collateral to allow mortgage lenders to make better business decisions. Put simply, this collaboration reduces fraud, lending costs and overall risk.’Â Â Â Â Â Â
‘Manually evaluating appraisals is one of the most tedious, time consuming activities in the underwriting process, and unless you use a technology, it's virtually impossible to achieve any consistency in the practice,’ adds Phil Huff, CEO of Platinum Data. ‘This integration is enabling a whole new group of lenders and AMCs to achieve unquestionable appraisal quality and compliance faster and easier than ever before.’