Press
Lender Processing Services Integrates the LPS Loan Quality Gateway With Global DMS’ Valuation Management Solution LPS Users Now Have Seamless Access to eTrac
JACKSONVILLE, FL (June 5, 2013) Lender Processing Services, Inc. (NYSE: LPS), a leading provider of innovative technology, services, data and analytics to the mortgage and real estate industries, announced today that it has integrated its Loan Quality Gateway, Powered by RealEC with the Global DMS eTrac Enterprise platform. LPS and Global DMS clients that utilize the Loan Quality Gateway’s Exchange network are now able to seamlessly access the eTrac Enterprise platform for efficient, compliant appraisal transaction processing.
RealEC Technologies is the leading provider of collaborative network solutions for the mortgage industry and is a wholly owned subsidiary of LPS. Global DMS is a leading provider of Web-based, compliant valuation management software.
A part of LPS’ comprehensive origination technology offering, Loan Quality Gateway’s Exchange is an electronic partner network that enables thousands of service providers to connect securely and electronically to their lending clients through a standards-based data exchange. eTrac Enterprise is Global DMS’ Web-based, all-in-one collateral process management solution that streamlines workflows, eliminates errors and speeds up the valuation process.
Global DMS’ valuation management solution allows lenders to effortlessly manage the entire appraisal management process from vendor management to appraisal ordering, assignment, tracking, appraisal reviews, delivery and reporting. The eTrac Enterprise system also has options designed to handle all aspects of managing appraisal management companies (AMCs) and independent real estate appraisers.
“This integration offers lenders another efficient solution to managing the appraisal process,” said Dan Sogorka, president, RealEC Technologies. “Expanding the Exchange’s provider network is one more way we can help lenders and service providers work together toward a more transparent, data-centric loan origination process.”
“The extensive network of partners that RealEC has connected to the Exchange has attracted some of the largest lenders in the country that want to complete various settlement services transactions from a centralized location, which the Exchange has proven to efficiently handle,” said Vladimir Bien-Aime, president and CEO of Global DMS. “Now any mutual customer that utilizes the Exchange can easily access our services to complete fully compliant appraisals in the same way they could directly using our platform. It’s simply another effective option to utilize our valuation management solution.”
RealEC’s integration with Global DMS expands the LPS Loan Quality Gateway provider network and product offerings, which include appraisals; automated valuation models (AVMs); title insurance; closing services; flood insurance; fee services; verifications of income, employment and identity; fraud prevention tools; loan quality analytics; and Valuation Insight, an appraisal evaluation tool that quickly identifies the overall quality of an appraisal.
About Lender Processing Services
Lender Processing Services (NYSE: LPS) delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation’s top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk. These integrated solutions support origination, servicing, portfolio retention and default servicing. LPS’ servicing solutions include MSP, the industry’s leading loan-servicing platform. The company also provides proprietary data and analytics for the mortgage, real estate and capital markets industries. LPS is a Fortune 1000 company headquartered in Jacksonville, Fla., and employs approximately 7,500 professionals. For more information, please visit www.lpsvcs.com.
About Global DMS
Founded in 1999 and headquartered in Lansdale, Pennsylvania, Global DMS is the mortgage industry’s preeminent 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-service (SaaS) transactional basis that ensures compliance adherence, reduces costs, increases efficiencies and expedites the entire real estate appraisal process. Notable is that Global DMS has retained 100% of its lender clients since its inception. The company’s solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs and the MISMO Appraisal Review System (MARS). For more information, visit the company’s web site at www.globaldms.com or call (877) 866-2747.