LANSDALE, Pa. /New York Netwire/ — Global DMS, a leading provider of Cloud-based compliant valuation management software, and MortgageFlex Systems, an established technology provider of mortgage loan software, announced that its eTrac Enterprise platform is integrated with MortgageFlex’s loan origination system (LOS), LoanQuest.
The integration is bi-directional and completely streamlines data exchange and facilitates ease of communication between the two platforms.
“We’re excited because the partnership with MortgageFlex embodies the best-of-breed solution which ensures efficiency and compliance for our mutual clients,” said Vladimir Bien-Aime, president and CEO of Global DMS. “These tightly integrated solutions eliminate duplicated data entry from initial ordering through review thus reducing errors, cutting costs and dramatically speeding up the appraisal process while remaining in full compliance with state and federal regulations. There is a huge amount of value that our mutual clients will realize from this integration.”
The new integration works by providing lenders with the ability to easily order and manage appraisals, check real-time status, and receive completed appraisal files back into MortgageFlex’s LoanQuest LOS. The file is then automatically submitted to the Uniform Collateral Data Portal (UCDP) in full compliance and without errors or missing information. A detailed report is provided complete with audit tracking functionality giving lenders visibility and control over the entire appraisal process.
“Our clients are operating in an increasingly regulatory-intensive business environment and appraisal compliance is a major concern for them,” commented Craig Bechtle, executive vice president at MortgageFlex. “Global DMS’ valuation management solution is proven through-and-through and this integration allows lenders to be confident that they will be in compliance, avoiding steep fines and eliminating the need for manual error corrections. We are selective about the quality of the organizations we partner with and integration with Global DMS makes good business sense for our clients.”
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 percent 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 MortgageFlex Systems:
MortgageFlex Systems, Inc., Jacksonville, Fla., founded in 1980, provides innovative loan origination and servicing software solutions to the lending industry. Developed entirely in Microsoft .NET, the LoanQuest product platform supports evolving business processes as well as government compliance requirements with business rules, intuitive workflow, and an embedded product and pricing engine. For information about products and services, call 800-326-3539 or visit www.mortgageflex.com .