Press
Global DMS integrates Platinum Data’s RealView into eTrac
Mutual clients now have more options to ensure appraisal quality, preventing errors and potential buy backs
LANSDALE, PA and ALISO VIEJO, CA (August 12, 2014) — Global DMS, a leading provider of Web-based compliant valuation management software, and Platinum Data Solutions, a provider of collateral valuation and risk assessment technologies, have integrated Platinum Data’s RealView appraisal quality software into Global DMS’ eTrac appraisal management platform, allowing for quick and easy access to appraisal quality and compliance analytics.
Organizations that are using Global DMS’ eTrac Enterprise platform 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.
“The combination of these two best-of-breed solutions provides the highest level of quality and efficiency in collateral valuation process,“ said Vladimir Bien-Aime, president and CEO of Global DMS. “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.”
Platinum Data’s RealView solution takes only a few seconds to review, analyze and score appraisals according to standard and user-defined business rules. Scores range from 0 to 1,000 and cover four factors: the appraisal’s overall quality, as well as its compliance, credibility, and complexity. Users may configure an unlimited number of custom business rules, which can be implemented in a matter of hours or days, not weeks or months, thus empowering companies to swiftly respond to marketplace changes.
“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,” said 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. We’re pleased to be integrating with Global DMS. Like Platinum, they are dedicated to removing any barrier to appraisal quality and compliance.”
Once appraisals are run through RealView, Global DMS can automatically deliver them to the Uniform Collateral Data Portal (UCDP) in full compliance and without missing information or errors.
About Global DMS
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is a leading provider of commercial and residential real estate valuation solutions catering to lenders, servicers, AMCs, appraisers and other real estate entities. The company’s solution set is cost effectively delivered on a software-as-a-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. Global DMS’ solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS) and AMCmatch.com. For more information, visit the company’s web site at www.globaldms.com or call (877) 866-2747.
About Platinum Data Solutions
Platinum Data provides technologies that help mortgage lenders, servicers, investors and appraisal management companies value collateral, and identify and manage collateral risk. Its online platform and analytical tools are being used by hundreds of companies to perform due diligence, prevent buybacks and protect billions of dollars in assets across the U.S. The company’s RealView system revolutionized the way the industry reviews appraisals, while its AVM offerings provide a truly unbiased perspective on collateral valuation. Platinum Data Solutions is based in Aliso Viejo, California and was founded in 2002. For more information, visit www.PlatinumData.com, follow@Platinum_Data or email info@PlatinumData.com.