LANSDALE, Pa. /New York Netwire/ — Global DMS, the leading provider of Web-based compliant valuation management software, announced that it launched AMCmatch, a search engine that allows lenders, servicers and other users of valuation products to efficiently locate and qualify the best fit appraisal management company (AMC) for their needs.
“All too often, organizations select AMCs that fail to produce quality appraisals, operate out of compliance, are financially unstable, aren’t licensed in the states they do business in, and may have payment issues with appraisers, among other concerns,” stated Vladimir Bien-Aime, president and CEO of Global DMS. “AMCmatch remedies these problems by providing a Web portal that utilizes our enterprise-class appraisal management technology to list well-profiled, qualified AMCs that aid lending organizations in their due diligence and selection process for new AMCs.”
Approved AMCs that are listed on the site are able to facilitate online ordering, automated collateral reviews, high volume production, superior customer service and direct integration to the GSEs’ Uniform Collateral Data Portal (UCDP). Lending entities benefit by being able to visit the site and enter in specific search criteria to locate established, reputable AMCs that have a proven track record of compliantly delivering quality appraisals. Users of the site can sign up for free without contracts and any additional fees.
The data that resides in AMCmatch’s search engine includes AMC type, years in business, location, area coverage, licensing, and payment acceptance types. All information and current state licensing is continually verified by Global DMS to ensure that all matches are current, correct and simple to access, thus enabling AMCmatch to return accurate information and create a first-rate user experience.
http://www.AMCmatch.com/ makes it easy for users to quickly locate the right AMC for their specific needs without extensive research and verification. As a result, the time invested in the due diligence process in order to properly vet AMCs is slashed, making it painless, ensuring the accuracy of information, and allowing lenders to focus on production-and AMCs to focus on collateral.
Bien-Aime added: “Doing business with the wrong AMC can result in tens of thousands of dollars in fines, risk investor kick backs, taint relationships with appraisers and leave lenders with unjust financial responsibilities. Per the Dodd-Frank Act, issues with appraisals almost always come back to the lender whether it is their fault or not. That’s why it’s so important to choose the right AMCs to do business with-the first time.”
Company officials at Global DMS say that they have been adding new AMCs and will continue to add more, but it is being very selective about those that reside in AMCmatch’s database.
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-a-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 percent of its lender clients since its inception. The company’s solutions include its eTrac valuation management platform, eTrac WebForms, Global Kinex, AVMs, the MISMO Appraisal Review System (MARS) and AMCmatch. For more information, visit the company’s web site at http://www.globaldms.com/ or call (877) 866-2747.
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