May 12, 2015
LANSDALE, Pa., May 12, 2015 – Global DMS, a leading provider of web-based compliant valuation management software, announced that its eTrac® Enterprise platform is now integrated with Mortgage Builder’s® loan origination system (LOS). The integration between Mortgage Builder and the eTrac Enterprise platform is seamless, bi-directional and allows the appraisal process to be more handled more efficiently.
“As lenders continue to face appraisal compliance challenges, it is important that we as vendors continually make advances in our technologies to help lenders operate as efficiently as possible,” said Vladimir Bien-Aime, president and CEO of Global DMS. “Our new integration with Mortgage Builder seamlessly allows users to order and pass valuation data, speed the appraisal process, establish visibility and increase accuracy for lenders.”
Specifically, the integration allows users to more easily order and manage appraisals, check the real-time status of orders and automatically receive completed files back into Mortgage Builder. The ease of communication and data exchange between the two platforms makes the process quicker, eliminates data re-entry errors, reduces costs and delivers more transparency and lender control.
Global DMS’ eTrac Enterprise valuation management is a single-source solution that automates the entire appraisal process from vendor management to placing orders, making assignments, tracking status and reviewing appraisals for quality assurance.
“This integration is important for our clients to more efficiently manage their appraisal process,” said Brian Abbott, director of corporate initiatives for Mortgage Builder. “Without having to leave our LOS, appraisals can be easily ordered, effectively managed and monitored for any status changes. We strive to deliver efficiencies in LOS that allow our clients to close more loans with less cost, and this integration is yet another step we have taken to make LOS more efficient and cost effective.”
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.
About Mortgage Builder®
Mortgage Builder Software, Inc. provides industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1998. Architect by Mortgage Builder® is an end-to-end lending solution for retail, wholesale and correspondent mortgage production channels automating origination, closing, post-closing and delivery, as well as tracking and reporting functions. Colonnade by Mortgage Builder offers a complete loan servicing system (LSS) for mid-sized and larger loan servicers. Mortgage Builder is a subsidiary of Altisource® Portfolio Solutions, S.A. (NASDAQ: ASPS).For more information, please visit www.MortgageBuilder.com.
Altisource Portfolio Solutions S.A. is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. Altisource leverages proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants. Altisource has been named to Fortune’s fastest growing global companies two years in a row. Additional information is available at www.Altisource.com.